Filed pursuant to Rule 424(b)(2)
Registration No. 333-265877
PROSPECTUS SUPPLEMENT
(To Prospectus Dated June 28,
2022)
$1,500,000,000
State Street Corporation
$1,200,000,000 5.272% Senior Notes due 2026
$300,000,000 Floating Rate Senior Notes due 2026
This is an offering of $1,200,000,000 aggregate principal amount of 5.272% senior notes due 2026 (the fixed rate notes) and $300,000,000 aggregate
principal amount of floating rate senior notes due 2026 (the floating rate notes and, together with the fixed rate notes, the notes) of State Street Corporation (State Street).
The fixed rate notes will mature on August 3, 2026. The fixed rate notes will bear interest from and including August 3, 2023 at an annual rate of 5.272%,
payable semiannually in arrears, on February 3 and August 3 of each year, beginning on February 3, 2024.
The floating rate notes will mature on August 3,
2026. The floating rate notes will bear interest from and including August 3, 2023 at a floating rate determined by reference to SOFR compounded daily over a quarterly interest payment period in accordance with the specific formula described in this
prospectus supplement plus a spread of 0.845%, payable quarterly in arrears.
On or after July 4, 2026, we may redeem either series of the notes, in whole
or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to the redemption date. See Description of the NotesOptional
Redemption.
There is no sinking fund for the notes. The notes are unsecured and will rank equally with all other existing and future senior
unsecured indebtedness of State Street.
The notes are not bank deposits, and are not insured by the Federal Deposit Insurance Corporation
(FDIC) or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.
Investing in the notes involves
risks. See Risk Factors beginning on page S-9.
None of the
Securities and Exchange Commission (the SEC), any state securities commission, the FDIC or any other regulatory body has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying
prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
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Per Fixed Rate Note |
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Per Floating Rate Note |
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Total |
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Public offering price(1) |
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100.000 |
% |
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100.000 |
% |
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$ |
1,500,000,000 |
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Underwriting discounts |
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0.200 |
% |
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0.200 |
% |
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$ |
3,000,000 |
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Proceeds, before expenses, to State Street
Corporation(1) |
|
|
99.800 |
% |
|
|
99.800 |
% |
|
$ |
1,497,000,000 |
|
(1) |
Plus accrued interest, if any, from August 3, 2023, if settlement occurs after that date.
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The notes will not be listed on any securities exchange. Currently, there are no public trading markets for the notes. The underwriters
expect to deliver the notes to purchasers in book-entry form only through the facilities of The Depository Trust Company and its direct participants, including Euroclear Bank SA/NV, as operator of the Euroclear System, and Clearstream Banking S.A.,
on or about August 3, 2023.
Joint Book-Running Managers
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Morgan Stanley |
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Academy Securities |
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Goldman Sachs & Co. LLC |
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Loop Capital Markets |
Co-Managers
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Blaylock Van, LLC |
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CastleOak Securities, L.P. |
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R. Seelaus & Co., LLC |
The date of this prospectus supplement is July 31, 2023.