Obbligazione State Street Corporation 6.45% ( US857477CS03 ) in USD

State Street Corporation

101.681 USD ▲

Stati Uniti

US857477CS03 ( in USD )

6.45% per anno ( pagato 2 volte l'anno)

perpetue

Prospetto opuscolo dell'obbligazione State Street US857477CS03 en USD 6.45%, scadenza perpetue

1 000 USD

750 000 000 USD

857477CS0

BBB ( Lower medium grade - Investment-grade )

15/03/2026 ( In 8 giorni )

State Street Corporation è una società di gestione patrimoniale globale che offre servizi di investimento e di gestione degli investimenti a istituzioni, aziende e privati.

The Obbligazione issued by State Street Corporation ( United States ) , in USD, with the ISIN code US857477CS03, pays a coupon of 6.45% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is perpetue
The Obbligazione issued by State Street Corporation ( United States ) , in USD, with the ISIN code US857477CS03, was rated BBB ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

FWP 1 d890958dfwp.htm FWP
Filed Pursuant to Rule 433
Registration No. 333-265877
January 30, 2025
Term Sheet
State Street Corporation
Depositary Shares, Each Representing a 1/100th Ownership Interest
in a Share of Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K
Issuer:
State Street Corporation (Ticker: STT)
Security:
Depositary shares, each representing a 1/100th ownership interest in a share of Fixed Rate Reset
Non-Cumulative Perpetual Preferred Stock, Series K (the "Series K Preferred Stock")
Size:
$750,000,000 (750,000 depositary shares)
Maturity:
Perpetual
Expected Ratings*:
Baa1 (Stable) / BBB (Stable) / BBB+ (Stable) (Moody's / S&P / Fitch)
Liquidation Preference:
$100,000 per share (equivalent to $1,000 per depositary share)
Dividend Rate (Non-Cumulative):
From the date of issuance to, but excluding, September 15, 2030, at a fixed rate of 6.450% per annum and
from, and including, September 15, 2030, during each reset period, at a rate per annum equal to the five-
year treasury rate as of the most recent reset dividend determination date plus 2.135%.
Dividend Payment Date:
15th day of March, June, September and December of each year, commencing on June 15, 2025, in each
case if declared by the Issuer's board of directors or any duly authorized committee of the Issuer's board of
directors.
Optional Redemption:
On September 15, 2030, or any dividend payment date thereafter, the Series K Preferred Stock may be
redeemed at the Issuer's option, in whole or in part, at a redemption price equal to $100,000 per share
(equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation
of any undeclared dividends. The Series K Preferred Stock also may be redeemed at the Issuer's option in
whole, but not in part, prior to September 15, 2030,

within 90 days following the occurrence of a "regulatory capital treatment event," as described in the
prospectus supplement, at a redemption price equal to $100,000 per share (equivalent to $1,000 per
depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared
dividends. Neither the holders of the Series K Preferred Stock nor the holders of depositary shares will have
the right to require the redemption or repurchase of the Series K Preferred Stock.
Trade Date:
January 30, 2025
Settlement Date**:
February 6, 2025 (T + 5)
Public Offering Price:
$1,000 per depositary share
Underwriting Discount:
$4,500,000
Net Proceeds (before expenses) to
$745,500,000
Issuer:
Joint Book-Running Managers:
BofA Securities, Inc.
Morgan Stanley & Co. LLC
Co-Managers:
Blaylock Van, LLC
Siebert Williams Shank & Co., LLC
CUSIP/ISIN:
857477CS0 / US857477CS03
*
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
**
The underwriters expect to deliver the depositary shares to purchasers on or about February 6, 2025, which will be the fifth business day following
the pricing of the depositary shares (such settlement cycle being herein referred to as "T + 5"). Under Rule 15c6-1 under the Securities Exchange
Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade
expressly agree otherwise. Accordingly, purchasers who wish to trade depositary shares on the date of pricing or the next three business days will
be required, by virtue of the fact that the depositary shares initially will settle T + 5, to specify an alternate settlement cycle at the time of any such
trade to prevent a failed settlement. Purchasers of the depositary shares who wish to trade the depositary shares on the date of pricing of the
depositary shares or the next three business days should consult their own advisor.
This communication is intended for the sole use of the person to whom it is provided by us. The issuer has filed a registration statement, including a
prospectus, with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration
statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling BofA Securities, Inc. at 1 (800) 294-1322 or Morgan Stanley & Co. LLC at 1
(888) 718-1649.
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