Obligation BNY Mellon & Co. 4.7% ( US064058AH32 ) en USD

BNY Mellon & Co.

100 % ▼

Etas-Unis

US064058AH32 ( en USD )

4.7% par an ( paiement semestriel )

Perpétuelle

Prospectus brochure de l'obligation BNY Mellon US064058AH32 en USD 4.7%, échéance Perpétuelle

1 000 USD

1 000 000 000 USD

064058AH3

BBB ( Qualité moyenne inférieure )

N/A

20/09/2026 ( Dans 122 jours )

BNY Mellon est une société mondiale de services financiers offrant des services de gestion d'actifs, de gestion de patrimoine et de services aux marchés de capitaux à des institutions, des entreprises et des particuliers fortunés.

L'obligation perpétuelle de BNY Mellon (ISIN : US064058AH32, CUSIP : 064058AH3), émise aux États-Unis pour un montant total de 1 000 000 000 USD avec une taille minimale d'achat de 1 000 USD, affiche actuellement un prix de marché de 100%, un taux d'intérêt de 4,7% payable deux fois par an, et une notation BBB par Standard & Poor's.

FWP
https://www.sec.gov/Archives/edgar/data/1390777/00011931252014067...
FWP 1 d928507dfwp.htm FWP
Filed pursuant to Rule 433
Registration Statement No.: 333-228787
May 12, 2020
THE BANK OF NEW YORK MELLON CORPORATION
Depositary Shares, Each Representing a 1/100th Interest
in a Share of Series G Noncumulative Perpetual Preferred Stock
Issuer:
The Bank of New York Mellon Corporation
Security:
Depositary shares, each representing a 1/100th interest in a share of Series G Noncumulative Perpetual
Preferred Stock ("Preferred Stock")
Size:
$1,000,000,000 (1,000,000 depositary shares)
Maturity:
Perpetual
Expected Ratings*:
Baa1 / BBB / BBB+ / A (Moody's / S&P / Fitch / DBRS)
Legal Format:
SEC-Registered
Trade Date:
May 12, 2020
Settlement Date:
May 19, 2020 (T+5)**
Liquidation Preference:
$1,000 per depositary share (equivalent to $100,000 per share of Preferred Stock)
First Reset Date:
September 20, 2025
Reset Date:
The First Reset Date and each date falling on the fifth anniversary of the preceding reset date.
Reset Period:
The period from and including the First Reset Date to, but excluding, the next following Reset Date and
thereafter each period from and including each Reset Date to, but excluding, the next following Reset Date.
Reset Dividend Determination Date:
In respect of any Reset Period, the day falling three business days prior to the beginning of such Reset Period.
Dividend Payment Dates:
March 20 and September 20 of each year, commencing September 20, 2020.
Dividend Rate (Non-Cumulative):
At a rate per annum equal to (i) 4.700% from the original issue date to, but excluding, September 20, 2025; and
(ii) for each Reset Period from, and including, September 20, 2025, the "five-year treasury rate" (as defined in
the preliminary prospectus supplement) as of the most recent Reset Dividend Determination Date plus 4.358%.
Day Count Convention:
30/360
Redemption:
On September 20, 2025, or any Dividend Payment Date thereafter, the Preferred Stock may be redeemed at the
Issuer's option, in whole or in part, at a cash redemption price equal to $100,000 per share (equivalent to
$1,000 per depositary
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FWP
https://www.sec.gov/Archives/edgar/data/1390777/00011931252014067...
share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends, to, but
excluding, the redemption date. The Preferred Stock also may be redeemed at the Issuer's option in whole, but
not in part, at any time within 90 days following a "Regulatory Capital Treatment Event" (as defined in the
preliminary prospectus supplement), at a cash 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, to, but excluding, the redemption date. Holders of depositary shares will not have the right to require
the redemption or repurchase of the depositary shares.
Public Offering Price:
$1,000 per depositary share
Underwriting Discount:
$10 per depositary share
Net Proceeds (before expenses) to
$990,000,000
Issuer:
CUSIP/ISIN:
064058AH3 / US064058AH32
Joint Book-Running Managers:
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Goldman Sachs & Co. LLC
Morgan Stanley & Co. LLC
BNY Mellon Capital Markets, LLC
Joint Lead Managers:
Barclays Capital Inc.
BNP Paribas Securities Corp.
BofA Securities, Inc.
Deutsche Bank Securities Inc.
HSBC Securities (USA) Inc.
J.P. Morgan Securities LLC
Lloyds Securities Inc.
Mizuho Securities USA LLC
RBC Capital Markets, LLC
UBS Securities LLC
Wells Fargo Securities, LLC
The depositary shares are not deposits or other obligations of a bank and are not insured or guaranteed by the Federal Deposit Insurance
Corporation or any other governmental agency.
*
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 Book-Runners and Lead Managers expect to deliver the Depositary Shares in book-entry form only through the facilities of The
Depository Trust Company against payment in New York, New York on or about the fifth business day following the date of this Term
Sheet. Trades of securities in the secondary market generally are required to settle in two business days, referred to as T+2, unless the
parties to a trade agree otherwise. Accordingly, by virtue of the fact that the initial delivery of the Depositary Shares will not be made on
a T+2 basis, investors who wish to trade the Depositary Shares before a final settlement will be required to specify an alternative
settlement cycle at the time of any such trade to prevent a failed settlement.
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https://www.sec.gov/Archives/edgar/data/1390777/00011931252014067...
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 and a preliminary prospectus supplement, with the SEC for the offering to which this communication relates. Before
you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement 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 Citigroup Global Markets Inc. at 1-800-831-9146, Credit Suisse Securities (USA) LLC at
1-800-221-1037, Goldman Sachs & Co. LLC at 1-866-471-2526, Morgan Stanley & Co. LLC at 1-866-718-1649 or BNY Mellon Capital
Markets, LLC at 1-800-269-6864.
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