BNY prices $1.25 billion depositary share offering

• BNY priced a $1.25 billion public offering of 1,250,000 depositary shares at $1,000 each.
• Each depositary share represents a 1/100th interest in Series O Noncumulative Perpetual Preferred Stock.
• Dividends accrue at 7.13% until December 20, 2031, then reset to the five-year Treasury rate plus 2.19%.
• The preferred stock is redeemable at BNY’s option starting December 20, 2031, at $1,000 per depositary share, excluding declared unpaid dividends.
• The offering is expected to close October 28, 2026, with net proceeds intended for general corporate purposes.

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