PITTSBURGH, April 29,
2022 /PRNewswire/ -- The PNC Financial Services
Group, Inc. (NYSE: PNC) today announced the redemption on
May 31, 2022 of all of the
outstanding Senior Notes due June 29,
2022 issued by PNC Bank, National Association (as
successor-in-interest to BBVA USA,
formerly known as Compass Bank) in the amount of $750,000,000 (CUSIP 20453KAB1). The securities
have a distribution rate of 2.875% and an original scheduled
maturity date of June 29, 2022. 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 May 31,
2022.
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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/pnc-announces-redemption-of-senior-bank-notes-due-june-29-2022-301536267.html
SOURCE The PNC Financial Services Group, Inc.