PITTSBURGH, Sept. 25, 2020 /PRNewswire/ -- The PNC
Financial Services Group, Inc. (NYSE: PNC) today announced the
redemption on Oct. 6, 2020, of all of
the outstanding Senior Notes due Nov. 5,
2020, issued by PNC Bank, National Association in the amount
of $1,500,000,000 (CUSIP 69353REU8).
The securities have a distribution rate of 2.450 percent and an
original scheduled maturity date of Nov. 5,
2020. 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 Oct. 6,
2020.
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.
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