PITTSBURGH, July 14, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on July 23, 2026, of all outstanding 5.102% Fixed Rate/Floating Rate Senior Notes due July 23, 2027, issued by PNC in the amount of $1,000,000,000 (CUSIP 693475 BY0). The securities have an original scheduled maturity date of July 23, 2027. The redemption price will be equal to 100% of the principal amount, plus any accrued and unpaid interest to the redemption date of July 23, 2026. Interest on the 5.102% Fixed Rate/Floating Rate Senior Notes will cease to accrue on the redemption date.
Payment of the redemption price for the 5.102% Fixed Rate/Floating Rate Senior Notes will be made through the facilities of The Depository Trust Company.
The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
CONTACTS
MEDIA:
Anne Pace
(631) 338-3268
anne.pace@pnc.com
INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.
FAQ
What did PNC (PNC) announce about its 5.102% senior notes on July 14, 2026?
PNC announced it will redeem all outstanding 5.102% Fixed Rate/Floating Rate Senior Notes on July 23, 2026. According to PNC, the notes have a total principal amount of $1,000,000,000 and were originally scheduled to mature on July 23, 2027.
When will PNC redeem its 5.102% Fixed Rate/Floating Rate Senior Notes due July 23, 2027?
PNC will redeem the 5.102% Fixed Rate/Floating Rate Senior Notes on July 23, 2026. According to PNC, this redemption occurs one year before the original scheduled maturity date of July 23, 2027, covering all outstanding notes in the series.
What is the redemption price for PNC’s 5.102% senior notes (symbol PNC)?
The redemption price will be 100% of the principal amount plus accrued and unpaid interest. According to PNC, holders of the 5.102% Fixed Rate/Floating Rate Senior Notes will receive this amount on the July 23, 2026 redemption date.
How much of PNC’s 5.102% Fixed Rate/Floating Rate Senior Notes will be redeemed?
PNC will redeem 5.102% Fixed Rate/Floating Rate Senior Notes with an aggregate principal of $1,000,000,000. According to PNC, this redemption covers all outstanding notes in this issue, which carry CUSIP number 693475 BY0.
What happens to interest on PNC’s 5.102% senior notes after the July 23, 2026 redemption date?
Interest on the 5.102% Fixed Rate/Floating Rate Senior Notes will stop accruing on July 23, 2026. According to PNC, holders will receive accrued and unpaid interest up to the redemption date, after which no further interest will be owed.
How will PNC’s redemption of its 5.102% senior notes be processed for investors?
Payment of the redemption price will be made through The Depository Trust Company facilities. According to PNC, investors holding the 5.102% Fixed Rate/Floating Rate Senior Notes will receive principal plus accrued interest via standard DTC processing on July 23, 2026.
