State Street (NYSE: STT) sells $750M and $500M senior bank notes

Q: What new debt securities did State Street Corporation (STT) report issuing?

State Street’s banking subsidiary issued two tranches of senior notes : $750,000,000 of 4.701% notes due 2029 and $500,000,000 of 5.217% notes due 2034, in a private offering exempt from Securities Act registration.

Q: What are the interest rates and maturities of State Street (STT) new Bank Notes?

The new Bank Notes consist of 4.701% Senior Notes maturing in 2029 and 5.217% Senior Notes maturing in 2034 . Both series were issued by State Street Bank and Trust Company on July 23, 2026.

Q: Under what exemption were State Street (STT) Bank Notes issued from Securities Act registration?

The Bank Notes were issued in an offering exempt from registration under Section 3(a)(2) of the Securities Act of 1933. This exemption applies to certain securities issued by banks and similar institutions.

Q: Who acts as fiscal agent for State Street (STT) newly issued Bank Notes?

U.S. Bank Trust Company, National Association serves as fiscal agent for the Bank Notes. State Street Bank entered into a fiscal agency agreement with this institution on July 23, 2026, in connection with the issuance.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

State Street Corporation reports that its wholly owned subsidiary State Street Bank and Trust Company issued two senior note tranches in a private offering exempt from registration under Section 3(a)(2) of the Securities Act of 1933.

On July 23, 2026, State Street Bank issued $750,000,000 of 4.701% Senior Notes due 2029 and $500,000,000 of 5.217% Senior Notes due 2034. In connection with the issuance, State Street Bank entered into a fiscal agency agreement with U.S. Bank Trust Company, National Association, as fiscal agent. The notes were sold under a purchase agreement with Goldman Sachs & Co. LLC, BofA Securities, Inc., BMO Capital Markets Corp. and HSBC Securities (USA) Inc., as representatives of the initial purchasers. State Street Bank expects to receive net proceeds of approximately $1.244 billion, after deducting initial purchaser discounts and estimated offering expenses.

Filing Explained

The completed subsidiary-level financing adds senior debt obligations while the filing discloses no common-share issuance or resulting dilution.

This Form 8-K records a completed issuance by State Street Bank and Trust Company, a direct wholly owned subsidiary, so the disclosed financing creates obligations at the bank subsidiary level. Form 8-K is the company’s report of a specified material event.

The filing describes senior notes and does not disclose common-share issuance in this transaction, so the described financing does not itself increase the common-share count or create dilution for existing common holders.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Senior Notes due 2029: $750,000,000 aggregate principal amount Senior Notes due 2034: $500,000,000 aggregate principal amount Net proceeds from Bank Notes: approximately $1.244 billion +2 more

5 metrics

Senior Notes due 2029 $750,000,000 aggregate principal amount 4.701% Senior Notes due 2029 issued by State Street Bank on July 23, 2026

Senior Notes due 2034 $500,000,000 aggregate principal amount 5.217% Senior Notes due 2034 issued by State Street Bank on July 23, 2026

Net proceeds from Bank Notes approximately $1.244 billion Expected net proceeds to State Street Bank after discounts and estimated expenses

Coupon rate 2029 notes 4.701% Interest rate on Senior Notes due 2029 issued by State Street Bank

Coupon rate 2034 notes 5.217% Interest rate on Senior Notes due 2034 issued by State Street Bank

Key Terms

aggregate principal amount, offering exempt from registration under Section 3(a)(2), fiscal agency agreement, initial purchasers

4 terms

aggregate principal amount financial

"issued $750,000,000 aggregate principal amount of 4.701% Senior Notes"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

offering exempt from registration under Section 3(a)(2) regulatory

"in an offering exempt from registration under Section 3(a)(2) of the Securities Act"

fiscal agency agreement regulatory

"entered into a fiscal agency agreement (the "Fiscal Agency Agreement") with U.S. Bank Trust"

initial purchasers financial

"representatives of the initial purchasers named therein"

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

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Available on EDGAR 07/23/2026 - 04:15 PM Accepted by SEC EDGAR 07/23/2026 - 04:14 PM

FAQ

What new debt securities did State Street Corporation (STT) report issuing?

State Street’s banking subsidiary issued two tranches of senior notes: $750,000,000 of 4.701% notes due 2029 and $500,000,000 of 5.217% notes due 2034, in a private offering exempt from Securities Act registration.

What are the interest rates and maturities of State Street (STT) new Bank Notes?

The new Bank Notes consist of 4.701% Senior Notes maturing in 2029 and 5.217% Senior Notes maturing in 2034. Both series were issued by State Street Bank and Trust Company on July 23, 2026.

How much in net proceeds will State Street Bank (STT) receive from the Bank Notes offering?

State Street Bank expects to receive net proceeds of approximately $1.244 billion. This figure reflects the combined Bank Notes issuance after deducting initial purchaser discounts and estimated offering expenses from the gross principal amounts.

Under what exemption were State Street (STT) Bank Notes issued from Securities Act registration?

The Bank Notes were issued in an offering exempt from registration under Section 3(a)(2) of the Securities Act of 1933. This exemption applies to certain securities issued by banks and similar institutions.

Who acts as fiscal agent for State Street (STT) newly issued Bank Notes?

U.S. Bank Trust Company, National Association serves as fiscal agent for the Bank Notes. State Street Bank entered into a fiscal agency agreement with this institution on July 23, 2026, in connection with the issuance.

Which firms served as initial purchasers for State Street (STT) Bank Notes?

Goldman Sachs & Co. LLC, BofA Securities, Inc., BMO Capital Markets Corp. and HSBC Securities (USA) Inc. acted as representatives of the initial purchasers under a purchase agreement dated July 21, 2026.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 21, 2026

STATE STREET CORPORATION

(Exact name of Registrant as Specified in its Charter)

Massachusetts

001-07511

04-2456637

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

One Congress Street

Boston, Massachusetts 02114

(Address of principal executive offices, and Zip Code)

(617) 786-3000

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $1 par value per share	STT	New York Stock Exchange
Depositary Shares, each representing a 1/4,000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G, without par value per share	STT.PRG	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.

Other Events

On July 23, 2026, State Street Bank and Trust Company, a Massachusetts trust company (“State Street Bank”) and a direct, wholly-owned subsidiary of State Street Corporation, issued $750,000,000 aggregate principal amount of 4.701% Senior Notes due 2029 and $500,000,000 aggregate principal amount of 5.217% Senior Notes due 2034 (together, the “Bank Notes”), in an offering exempt from registration under Section 3(a)(2) of the Securities Act of 1933, as amended.

In connection with the issuance of the Bank Notes, on July 23, 2026, State Street Bank entered into a fiscal agency agreement (the “Fiscal Agency Agreement”) with U.S. Bank Trust Company, National Association, a national banking association organized under the laws of the United States, as fiscal agent for the Bank Notes. The above descriptions of the Bank Notes and the Fiscal Agency Agreement are qualified in their entirety by reference to the Fiscal Agency Agreement (including the forms of the Bank Notes included therein), which is filed as Exhibit 4.1 hereto and incorporated herein by reference.

The sale of the Bank Notes was made pursuant to the terms of a purchase agreement dated July 21, 2026 (the “Purchase Agreement”), entered into by and among State Street Bank and Goldman Sachs & Co. LLC, BofA Securities, Inc., BMO Capital Markets Corp. and HSBC Securities (USA) Inc., as representatives of the initial purchasers named therein.

State Street Bank expects to receive net proceeds from the offering of the Bank Notes of approximately $1.244 billion, after deducting the initial purchaser discounts and estimated offering expenses.

Item 9.01.

Financial Statements and Exhibits

(d) Exhibits


Exhibit No.		Description

4.1		Fiscal Agency Agreement, dated July 23, 2026, by and between State Street Bank and Trust Company and U.S. Bank Trust Company, National Association

4.2		Form of 4.701% Senior Notes due 2029 (included in Exhibit 4.1)

4.3		Form of 5.217% Senior Notes due 2034 (included in Exhibit 4.1)

*104		Cover Page Interactive Data File (formatted as Inline XBRL)

*	Submitted electronically herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


STATE STREET CORPORATION

By:		/s/ Elizabeth M. Schaefer
Name:		Elizabeth M. Schaefer
Title:		Senior Vice President, Chief Accounting Officer and Interim Controller

Date: July 23, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents