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SUBJECT TO COMPLETION, DATED JULY 19, 2022
Pricing Supplement dated July , 2022
(To Prospectus dated December 9, 2021 and Prospectus
Supplement dated December 9, 2021) THE BANK OF NEW YORK MELLON CORPORATION |
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Rule 424(b)(5)
File No. 333-261575 |
Senior Medium-Term Notes Series J
(U.S. $ Fixed Rate/Floating Rate)
$ % Fixed Rate/Floating Rate Callable Senior
Notes Due 20
Trade Date: July , 2022
Original Issue
Date: July , 2022
Principal Amount:
$
Net Proceeds (Before Expenses) to Issuer:
$
Price to Public: %
plus accrued interest, if any, from July , 2022
Commission/Discount: %
Agents
Capacity: ☒ Principal Basis ☐ Agency Basis
Maturity Date:
July , 20
Fixed Rate Period:
July , 2022 to but excluding July , 20
Floating Rate Period: July , 20 to but excluding
July , 20
Interest Payment Dates during the Fixed Rate
Period: Semi-annually on the day of January and July of each year, commencing January , 2023 and ending on
July , 20
Interest Rate during
Fixed Rate Period: % per annum
Day Count Convention During the Fixed Rate Period: 30/360
Interest Payment Dates during the Floating Rate Period: Quarterly on
the day of January, April, July and October of each year, commencing on
October , 20
Interest Rate during
Floating Rate Period: Compounded SOFR (as defined in the Prospectus Supplement), as determined in accordance with the provisions set forth in the Prospectus, Prospectus Supplement and this Pricing Supplement, plus the Spread. In no event will the
Interest Rate for any Floating Rate Period Interest Period be less than the Minimum Interest Rate.
Floating Rate Period Interest Period: (i) the
period from and including any Interest Payment Date (or with respect to the initial Floating Rate Interest Period during the Floating Rate Period only, from and including
July , 20 ) to, but excluding, the next succeeding Interest Payment Date; (ii) in the case of the last such period, the period
from and including the Interest Payment Date immediately preceding the Maturity Date to, but excluding, the Maturity Date; or (iii) in the event of any redemption of the Notes, from and including the Interest Payment Date immediately preceding
the applicable redemption date to, but excluding, such redemption date.
Base Rate or Benchmark during the Floating Rate Period: Compounded SOFR
Floating Rate Period Spread: + basis points