Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
09 Novembre 2021 - 12:08PM
Edgar (US Regulatory)
Issuer Free Writing Prospectus
Filed pursuant to Rule 433
Registration Statement No. 333-228787
November 8, 2021
THE BANK OF NEW YORK MELLON CORPORATION
1,300,000 Depositary Shares, Each Representing a 1/100th Interest
in a Share of Series I Noncumulative Perpetual Preferred Stock
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Issuer:
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The Bank of New York Mellon Corporation
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Security:
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Depositary shares, each representing a 1/100th interest in a share of Series I Noncumulative Perpetual Preferred Stock (the Preferred Stock)
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Size:
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$1,300,000,000 (1,300,000 depositary shares)
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Maturity:
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Perpetual
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Expected Ratings*:
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Baa1 / BBB / BBB+ / A (Moodys / S&P / Fitch / DBRS)
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Legal Format:
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SEC-Registered
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Trade Date:
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November 8, 2021
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Settlement Date:
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November 18, 2021 (T+7)**
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Liquidation Preference:
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$1,000 per depositary share (equivalent to $100,000 per share of Preferred Stock)
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First Reset Date:
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December 20, 2026
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Reset Date:
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The First Reset Date and each date falling on the fifth anniversary of the preceding reset date.
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Reset Period:
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The period from and including the First Reset Date to, but excluding, the next following Reset Date and thereafter each period from and including each Reset Date to, but excluding, the next following Reset Date.
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Reset Dividend
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Determination Date:
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In respect of any Reset Period, the day falling three business days prior to the beginning of such Reset Period.
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Dividend Payment Dates:
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March 20, June 20, September 20 and December 20 of each year, commencing March 20, 2022.
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Dividend Rate
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(Non-Cumulative):
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At a rate per annum equal to (i) 3.750% from the original issue date to, but excluding, December 20, 2026; and (ii) for each Reset Period from, and including, December 20, 2026, the five-year treasury rate
(as defined in the Preliminary Prospectus Supplement (as defined below)) as of the most recent Reset Dividend Determination Date plus 2.630%.
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Day Count Convention:
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30/360
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Redemption:
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On December 20, 2026, or any Dividend Payment Date thereafter, the Preferred Stock may be redeemed at the Issuers option, in whole or in part, at a cash redemption price equal to $100,000 per share (equivalent to $1,000
per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends, to, but excluding, the redemption date. The Preferred Stock also may be redeemed at the Issuers option in whole, but not in part,
at any time within 90 days following a Regulatory Capital Treatment Event (as defined in the Preliminary Prospectus Supplement), at a cash redemption price equal to $100,000 per share (equivalent to $1,000 per depositary share), plus any
declared and unpaid dividends, without accumulation of any undeclared dividends, to, but excluding, the redemption date. Holders of depositary shares will not have the right to require the redemption or repurchase of the depositary shares.
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Public Offering Price:
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$1,000 per depositary share
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Underwriting Discount:
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$10 per depositary share
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Net Proceeds (before
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expenses) to Issuer:
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$1,287,000,000
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CUSIP/ISIN:
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064058 AL4 / US064058AL44
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Joint Book-Running
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Citigroup Global Markets Inc.
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Managers:
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Credit Suisse Securities (USA) LLC
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Goldman Sachs & Co. LLC
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Morgan Stanley & Co. LLC
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RBC Capital Markets, LLC
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BNY Mellon Capital Markets, LLC
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Joint Lead
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Barclays Capital Inc.
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Managers:
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BNP Paribas Securities Corp.
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BofA Securities, Inc.
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Deutsche Bank Securities Inc.
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HSBC Securities (USA) Inc.
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J.P. Morgan Securities LLC
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Mizuho Securities USA LLC
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UBS Securities LLC
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Wells Fargo Securities, LLC
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The depositary shares are not deposits or other obligations of a bank and are not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other governmental agency.
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A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision
or withdrawal at any time.
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**
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The Joint Book-Running Managers and Joint Lead Managers expect to deliver the Depositary Shares in
book-entry form only through the facilities of The Depository Trust Company against payment in New York, New York on or about the seventh business day following the date of this Term Sheet. Trades of securities in the secondary market generally are
required to settle in two business days, referred to as T+2, unless the parties to a trade agree otherwise. Accordingly, by virtue of the fact that the initial delivery of the Depositary Shares will not be made on a T+2 basis, investors who wish to
trade the Depositary Shares prior to the second business day before the delivery of the Depositary Shares will be required to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement.
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The information in this Term Sheet supplements the preliminary prospectus supplement dated
November 8, 2021 (the Preliminary Prospectus Supplement) and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement. Defined terms
used and not defined herein have the meaning ascribed to them in the Preliminary Prospectus Supplement.
This communication is intended for the sole
use of the person to whom it is provided by us. The issuer has filed a registration statement, including a prospectus and a preliminary prospectus supplement, with the SEC for the offering to which this communication relates. Before you invest, you
should read the prospectus in that registration statement, the Preliminary Prospectus Supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for
free by visiting EDGAR on the SECs website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets
Inc. at 1-800-831-9146, Credit Suisse Securities (USA) LLC at 1-800-221-1037, Goldman Sachs & Co. LLC at 1-866-471-2526, Morgan
Stanley & Co. LLC at 1-866-718-1649, RBC Capital Markets, LLC at 1-866-375-6829, or BNY Mellon Capital Markets, LLC at
1-800-269-6864.
Grafico Azioni Bank of New York Mellon (NYSE:BK)
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Da Mar 2024 a Apr 2024
Grafico Azioni Bank of New York Mellon (NYSE:BK)
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Da Apr 2023 a Apr 2024