PNC Announces Redemption Of 2.400 Percent Senior Bank Notes Due October 18, 2019

Date : 09/06/2019 @ 12:57PM
Source : PR Newswire (US)
Stock : PNC Financial Services Group Inc (PNC)
Quote : 151.71  0.0 (0.00%) @ 12:03PM

PNC Announces Redemption Of 2.400 Percent Senior Bank Notes Due October 18, 2019

PNC Financial Services (NYSE:PNC)
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PITTSBURGH, Sept. 6, 2019 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Sept. 18, 2019 of all of the outstanding Senior Notes due Oct. 18, 2019 issued by PNC Bank, National Association in the amount of $1,250,000,000 (CUSIP 69353RDZ8). The securities have a distribution rate of 2.400 percent and an original scheduled maturity date of Oct. 18, 2019. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date of Sept. 18, 2019. 

Payment of the redemption price will be made through the facilities of The Depository Trust Company.

The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

CONTACTS:                                                                                         

MEDIA:  
Marcey Zwiebel
(412) 762-4550
media.relations@pnc.com

INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com

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SOURCE PNC Financial Services Group, Inc.

Copyright 2019 PR Newswire

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