PNC Announces Redemption of 6.615% Fixed Rate/Floating Rate Senior Notes Due October 20, 2027
Key Highlights
- ➤PNC will redeem $1.25 billion of senior notes on October 20, 2026
- ➤Redemption price equals 100% of principal plus accrued interest
- ➤6.615% notes mature October 20, 2027, but interest ceases at redemption
PNC Announces Redemption of 6.615% Fixed Rate/Floating Rate Senior Notes Due October 20, 2027 PR Newswire
PITTSBURGH, Oct. 9, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Oct. 20, 2026, of all outstanding 6.615% Fixed Rate/Floating Rate Senior Notes due Oct. 20, 2027, issued by PNC in the amount of $1,250,000,000 (CUSIP 693475 BT1). The securities have an original scheduled maturity date of Oct. 20, 2027. The redemption price will be equal to 100% of the principal amount, plus any accrued and unpaid interest to the redemption date of Oct. 20, 2026. Interest on the 6.615% Fixed Rate/Floating Rate Senior Notes will cease to accrue on the redemption date.
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