The information in this preliminary pricing supplement is not complete and may be
changed. This preliminary pricing supplement and the accompanying prospectus and prospectus supplement are not an offer to sell nor do they seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
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SUBJECT TO COMPLETION, DATED JULY 15, 2024
Pricing Supplement dated July , 2024 (To Prospectus dated
September 9, 2022 and Prospectus Supplement dated September 9, 2022)
THE BANK OF NEW YORK MELLON CORPORATION |
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Rule 424(b)(2) File No. 333-261575 |
Senior Medium-Term Notes Series J
(U.S. $ Floating Rate)
$ Floating Rate Callable Senior Notes Due 20
Trade Date: July , 2024
Original Issue Date: July
, 2024
Principal Amount: $
Net Proceeds (Before Expenses) to Issuer: $
Price to Public: % plus accrued interest, if any, from July , 2024
Commission/Discount: %
Agents
Capacity: ☒ Principal Basis ☐ Agency Basis
Maturity Date: July , 20
Interest Payment Dates: Quarterly on the day of January, April, July and October of each year, commencing on October , 20
Interest Rate: Compounded SOFR (as defined in the Prospectus Supplement), as determined in accordance with the provisions set forth in the Prospectus,
Prospectus Supplement and this Pricing Supplement, plus the Spread. In no event will the Interest Rate for any Interest Period (as defined in the Prospectus Supplement) be less than the Minimum Interest Rate.
Base Rate or Benchmark: Compounded SOFR Spread: + basis points
Minimum Interest Rate: 0%
Day Count Convention: Actual/360
Business Day Convention: Modified following, adjusted. If any Interest Payment Date falls on a day that is not a Business Day (other than an Interest
Payment Date that is also the Maturity Date or a redemption date, if applicable), such Interest Payment Date will be postponed to the following Business Day, except that, if the next Business Day would fall in the next calendar month, the Interest
Payment Date will be the immediately preceding Business Day. If the Maturity Date or a redemption date, if applicable, falls on a day that is not a Business Day, the payment of principal and interest will be made on the next succeeding Business Day,
and no additional interest will accrue from and after the Maturity Date or redemption date, as applicable.
Optional Redemption Date: July, 20
Redemption Commencement Date: , 20
Redemption
Price: 100% of the principal amount of the Notes redeemed
Optional Redemption: Redeemable (i) in whole, but not in part, on the Optional Redemption
Date or (ii) in whole or in part from time to time on or after the Redemption Commencement Date, in each case at the option of the Issuer and at the Redemption Price, plus accrued and unpaid interest thereon to the date of redemption, on
written notice given to the registered holders of the Notes not less than 5 nor more than 30 calendar days prior to the date of redemption.