PNC Announces Redemption of 6.615% Fixed Rate/Floating Rate Senior Notes Due October 20, 2027

Interest on the notes will cease to accrue on the October 20, 2026 redemption date.

Rhea-AI Summary

PNC Financial Services Group (NYSE: PNC) will redeem all outstanding senior notes from a $1.25 billion issuance on October 20, 2026.

The 6.615% Fixed Rate/Floating Rate Senior Notes were originally scheduled to mature on October 20, 2027. The redemption price will equal 100% of principal, plus any accrued and unpaid interest to the redemption date.

1 point · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Redemption of all outstanding notes from a $1.25 billion issuance is scheduled for October 20, 2026. 1.4% of market cap

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Redemption requires payment of any accrued and unpaid interest to October 20, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.

Payment of the redemption price for the 6.615% 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/pnc-announces-redemption-of-6-615-fixed-ratefloating-rate-senior-notes-due-october-20--2027--302903513.html

SOURCE The PNC Financial Services Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will PNC redeem its 6.615% senior notes, and at what price?

PNC will redeem the notes on October 20, 2026, at 100% of principal plus any accrued and unpaid interest to that date. Their original scheduled maturity date was October 20, 2027.

How will holders receive payment for PNC's senior note redemption?

Payment of the redemption price will be made through the facilities of The Depository Trust Company.