{"success":true,"data":{"pressRelease":{"id":"173264","rtpr_id":"nPn1MSRVva-20261019","ticker":"BNY","exchange":"NYSE","all_tickers":["BNY"],"title":"BNY Announces Pricing of Public Offering of $1,250,000,000 of Depositary Shares Representing Interests in Preferred Stock","author":"PR Newswire","published_at":"2026-10-19T22:16:11.952Z","article_body":"BNY Announces Pricing of Public Offering of $1,250,000,000 of Depositary Shares Representing Interests in Preferred Stock\nPR Newswire\n\nNEW YORK, Oct. 19, 2026\n\nNEW YORK, Oct. 19, 2026 /PRNewswire/ -- The Bank of New York Mellon\nCorporation (\"BNY\") (NYSE: BNY), a global financial services company, today\nannounced that it priced an underwritten public offering of 1,250,000\ndepositary shares, each representing a 1/100(th) interest in a share of its\nSeries O Noncumulative Perpetual Preferred Stock, with a liquidation\npreference of $100,000 per share (equivalent to $1,000 per depositary\nshare), at a public offering price of $1,000 per depositary share\n($1,250,000,000 aggregate public offering price). Dividends will accrue on\nthe liquidation amount of $100,000 per share of the Series O preferred stock\n(equivalent to $1,000 per depositary share) at a rate per annum equal to\n7.125% from the original issue date to, but excluding, December 20, 2031; and\nfrom, and including, December 20, 2031, at the \"five-year treasury rate\" (as\ndefined in the preliminary prospectus supplement) as of the most recent reset\ndividend determination date plus 2.192%. Dividends will be paid only when, as\nand if declared by the board of directors of BNY (or a duly authorized\ncommittee of the board) and to the extent that BNY has legally available funds\nto pay dividends. On December 20, 2031, or any dividend payment date\nthereafter, the Series O preferred stock may be redeemed at BNY's option, in\nwhole or in part, at a cash redemption price equal to $100,000 per share\n(equivalent to $1,000 per depositary share), plus any declared and unpaid\ndividends, without accumulation of any undeclared dividends to but excluding\nthe redemption date. Barclays Capital Inc., BofA Securities, Inc., Deutsche\nBank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co.\nLLC and BNY Mellon Capital Markets, LLC served as joint book-running managers\nfor the offering. The offering is expected to close on October 28, 2026.\n\nBNY intends to use the net proceeds from the sale of the depositary shares for\ngeneral corporate purposes, as further described in the preliminary prospectus\nsupplement.\n\nBNY filed a shelf registration statement (including a prospectus) on October\n18, 2024, as amended on December 5, 2024 (the \"Registration Statement\"), and a\npreliminary prospectus supplement on October 19, 2026, and will file a final\nprospectus supplement, relating to this offering with the Securities and\nExchange Commission (the \"SEC\"). Prospective investors should read the\nRegistration Statement (including the base prospectus), the preliminary\nprospectus supplement, the final prospectus supplement (when filed) and other\ndocuments BNY has filed and will file with the SEC that are incorporated by\nreference into the Registration Statement for more complete information about\nBNY and the offering, including the risks associated with the securities and\nthe offering. This press release does not constitute an offer to sell or the\nsolicitation of any offer to buy securities of BNY, nor shall there be any\noffer or sale of these securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful. The offering was made only by means\nof a prospectus supplement and accompanying base prospectus. Copies of the\nRegistration Statement, the preliminary prospectus supplement, the final\nprospectus supplement (when filed) and other documents that BNY has filed with\nthe SEC that are incorporated by reference into the Registration Statement are\navailable at no charge by visiting EDGAR on the SEC's website at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801558-1&h=320846737&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov)\n. Alternatively, a copy of the prospectus supplement and accompanying base\nprospectus relating to these securities can be obtained by contacting Barclays\nCapital Inc. at 1-888-603-5847, BofA Securities, Inc. at 1-800-294-1322,\nDeutsche Bank Securities Inc. at 1-800-503-4611, Goldman Sachs & Co. LLC\nat 1-866-471-2526, Morgan Stanley & Co. LLC at 1-866-718-1649 or BNY\nMellon Capital Markets, LLC at 1-800-269-6864.\n\nAbout BNY\nBNY is a global financial services platforms company at the heart of the\nworld's capital markets. For more than 240 years BNY has partnered alongside\nclients, using its expertise and platforms to help them operate more\nefficiently and accelerate growth. Today BNY serves over 90% of Fortune 100\ncompanies and nearly all the top 100 banks globally. BNY supports governments\nin funding local projects and works with over 90% of the top 100 pension plans\nto safeguard investments for millions of individuals. As of September 30,\n2026, BNY oversees $63.4 trillion in assets under custody and/or\nadministration and $2.2 trillion in assets under management.\n\nBNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE:\nBNY). Headquartered in New York City, BNY has been named among Fortune's\nWorld's Most Admired Companies and Fast Company's Best Workplaces for\nInnovators.\n\nForward-Looking Statements\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. These statements, which\nmay be expressed in a variety of ways, including the use of future or present\ntense language, relate to, among other things, BNY's expectations with respect\nto the offering and use of proceeds. These statements are based upon current\nbeliefs and expectations and are subject to significant risks and\nuncertainties (some of which are beyond BNY's control). Actual outcomes may\ndiffer materially from those expressed or implied as a result of risks and\nuncertainties, including, but not limited to, the factors identified above and\nthe risk factors and other uncertainties set forth in BNY's Annual Report on\nForm 10-K for the year ended December 31, 2025 and BNY's other filings with\nthe SEC. All statements in this press release speak only as of the date on\nwhich such statements are made, and BNY undertakes no obligation to update any\nstatement to reflect events or circumstances after the date on which such\nforward-looking statement is made or to reflect the occurrence of\nunanticipated events.\n\nContacts:\n\nInvestors\nMarius Merz\n+1 212 298 1480\nmarius.merz@bny.com (mailto:marius.merz@bny.com)\n\nMedia\nAnneliese Diedrichs\n+1 646 468 6026\nanneliese.diedrichs@bny.com (mailto:anneliese.diedrichs@bny.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/bny-announces-pricing-of-public-offering-of-1-250-000-000-of-depositary-shares-representing-interests-in-preferred-stock-302913206.html\n(https://www.prnewswire.com/news-releases/bny-announces-pricing-of-public-offering-of-1-250-000-000-of-depositary-shares-representing-interests-in-preferred-stock-302913206.html)\n\nSOURCE BNY\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1739857/BNY-Logo.jpg?id=OA3027878\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1MSRVva-20261019","title":"BNY Announces Pricing of Public Offering of $1,250,000,000 of Depositary Shares Representing Interests in Preferred Stock","author":"PR Newswire","ticker":"BNY","created":"2026-10-19T22:16:11.952Z","tickers":["BNY"],"exchange":"NYSE","article_body":"BNY Announces Pricing of Public Offering of $1,250,000,000 of Depositary Shares Representing Interests in Preferred Stock\nPR Newswire\n\nNEW YORK, Oct. 19, 2026\n\nNEW YORK, Oct. 19, 2026 /PRNewswire/ -- The Bank of New York Mellon\nCorporation (\"BNY\") (NYSE: BNY), a global financial services company, today\nannounced that it priced an underwritten public offering of 1,250,000\ndepositary shares, each representing a 1/100(th) interest in a share of its\nSeries O Noncumulative Perpetual Preferred Stock, with a liquidation\npreference of $100,000 per share (equivalent to $1,000 per depositary\nshare), at a public offering price of $1,000 per depositary share\n($1,250,000,000 aggregate public offering price). Dividends will accrue on\nthe liquidation amount of $100,000 per share of the Series O preferred stock\n(equivalent to $1,000 per depositary share) at a rate per annum equal to\n7.125% from the original issue date to, but excluding, December 20, 2031; and\nfrom, and including, December 20, 2031, at the \"five-year treasury rate\" (as\ndefined in the preliminary prospectus supplement) as of the most recent reset\ndividend determination date plus 2.192%. Dividends will be paid only when, as\nand if declared by the board of directors of BNY (or a duly authorized\ncommittee of the board) and to the extent that BNY has legally available funds\nto pay dividends. On December 20, 2031, or any dividend payment date\nthereafter, the Series O preferred stock may be redeemed at BNY's option, in\nwhole or in part, at a cash redemption price equal to $100,000 per share\n(equivalent to $1,000 per depositary share), plus any declared and unpaid\ndividends, without accumulation of any undeclared dividends to but excluding\nthe redemption date. Barclays Capital Inc., BofA Securities, Inc., Deutsche\nBank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co.\nLLC and BNY Mellon Capital Markets, LLC served as joint book-running managers\nfor the offering. The offering is expected to close on October 28, 2026.\n\nBNY intends to use the net proceeds from the sale of the depositary shares for\ngeneral corporate purposes, as further described in the preliminary prospectus\nsupplement.\n\nBNY filed a shelf registration statement (including a prospectus) on October\n18, 2024, as amended on December 5, 2024 (the \"Registration Statement\"), and a\npreliminary prospectus supplement on October 19, 2026, and will file a final\nprospectus supplement, relating to this offering with the Securities and\nExchange Commission (the \"SEC\"). Prospective investors should read the\nRegistration Statement (including the base prospectus), the preliminary\nprospectus supplement, the final prospectus supplement (when filed) and other\ndocuments BNY has filed and will file with the SEC that are incorporated by\nreference into the Registration Statement for more complete information about\nBNY and the offering, including the risks associated with the securities and\nthe offering. This press release does not constitute an offer to sell or the\nsolicitation of any offer to buy securities of BNY, nor shall there be any\noffer or sale of these securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful. The offering was made only by means\nof a prospectus supplement and accompanying base prospectus. Copies of the\nRegistration Statement, the preliminary prospectus supplement, the final\nprospectus supplement (when filed) and other documents that BNY has filed with\nthe SEC that are incorporated by reference into the Registration Statement are\navailable at no charge by visiting EDGAR on the SEC's website at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801558-1&h=320846737&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov)\n. Alternatively, a copy of the prospectus supplement and accompanying base\nprospectus relating to these securities can be obtained by contacting Barclays\nCapital Inc. at 1-888-603-5847, BofA Securities, Inc. at 1-800-294-1322,\nDeutsche Bank Securities Inc. at 1-800-503-4611, Goldman Sachs & Co. LLC\nat 1-866-471-2526, Morgan Stanley & Co. LLC at 1-866-718-1649 or BNY\nMellon Capital Markets, LLC at 1-800-269-6864.\n\nAbout BNY\nBNY is a global financial services platforms company at the heart of the\nworld's capital markets. For more than 240 years BNY has partnered alongside\nclients, using its expertise and platforms to help them operate more\nefficiently and accelerate growth. Today BNY serves over 90% of Fortune 100\ncompanies and nearly all the top 100 banks globally. BNY supports governments\nin funding local projects and works with over 90% of the top 100 pension plans\nto safeguard investments for millions of individuals. As of September 30,\n2026, BNY oversees $63.4 trillion in assets under custody and/or\nadministration and $2.2 trillion in assets under management.\n\nBNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE:\nBNY). Headquartered in New York City, BNY has been named among Fortune's\nWorld's Most Admired Companies and Fast Company's Best Workplaces for\nInnovators.\n\nForward-Looking Statements\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. These statements, which\nmay be expressed in a variety of ways, including the use of future or present\ntense language, relate to, among other things, BNY's expectations with respect\nto the offering and use of proceeds. These statements are based upon current\nbeliefs and expectations and are subject to significant risks and\nuncertainties (some of which are beyond BNY's control). Actual outcomes may\ndiffer materially from those expressed or implied as a result of risks and\nuncertainties, including, but not limited to, the factors identified above and\nthe risk factors and other uncertainties set forth in BNY's Annual Report on\nForm 10-K for the year ended December 31, 2025 and BNY's other filings with\nthe SEC. All statements in this press release speak only as of the date on\nwhich such statements are made, and BNY undertakes no obligation to update any\nstatement to reflect events or circumstances after the date on which such\nforward-looking statement is made or to reflect the occurrence of\nunanticipated events.\n\nContacts:\n\nInvestors\nMarius Merz\n+1 212 298 1480\nmarius.merz@bny.com (mailto:marius.merz@bny.com)\n\nMedia\nAnneliese Diedrichs\n+1 646 468 6026\nanneliese.diedrichs@bny.com (mailto:anneliese.diedrichs@bny.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/bny-announces-pricing-of-public-offering-of-1-250-000-000-of-depositary-shares-representing-interests-in-preferred-stock-302913206.html\n(https://www.prnewswire.com/news-releases/bny-announces-pricing-of-public-offering-of-1-250-000-000-of-depositary-shares-representing-interests-in-preferred-stock-302913206.html)\n\nSOURCE BNY\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1739857/BNY-Logo.jpg?id=OA3027878\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-19T22:16:12.013486079Z","server_sent_at_ms":1792448172013},"received_at":"2026-10-19T22:16:12.064Z","source_url":"https://www.prnewswire.com/news-releases/bny-announces-pricing-of-public-offering-of-1-250-000-000-of-depositary-shares-representing-interests-in-preferred-stock-302913206.html"},"analysis":{"id":"161367","press_release_id":"173264","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["7.125% preferred dividend rate is high by large-bank standards, implying a meaningful cost of capital"],"eventType":"debt_offering","narrative":"BNY priced an underwritten public offering of $1.25 billion of depositary shares, each representing a 1/100th interest in its Series O Noncumulative Perpetual Preferred Stock.\n\nThe shares are priced at $1,000 per depositary share and carry a 7.125% dividend rate until December 20, 2031, when the rate resets to the five-year treasury rate plus 2.192%; BNY may redeem the preferred from that date.\n\nNet proceeds are earmarked for general corporate purposes, and the offering is expected to close on October 28, 2026, with six major banks acting as joint book-runners.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine mega-bank preferred raise -- capital management housekeeping, not a signal."},"keyFigures":{"dealValueUsd":1250000000,"offeringPrice":1000,"sharesOffered":1250000,"customDimensions":{"series":"Series O Noncumulative Perpetual Preferred Stock","dividend_rate":"7.125% until Dec 20, 2031, then five-year treasury rate plus 2.192%","redemption_earliest":"December 20, 2031","liquidation_preference_per_share":100000}},"namedEntities":{"people":[],"products":["Series O Noncumulative Perpetual Preferred Stock depositary shares"],"companies":[{"name":"The Bank of New York Mellon Corporation","ticker":"BNY","relationship":"filer/issuer"},{"name":"Barclays Capital Inc.","relationship":"joint book-running manager"},{"name":"BofA Securities, Inc.","relationship":"joint book-running manager"},{"name":"Deutsche Bank Securities Inc.","relationship":"joint book-running manager"},{"name":"Goldman Sachs & Co. LLC","relationship":"joint book-running manager"},{"name":"Morgan Stanley & Co. LLC","relationship":"joint book-running manager"},{"name":"BNY Mellon Capital Markets, LLC","relationship":"joint book-running manager"}],"dollarAmounts":[{"amount":"$1,250,000,000","context":"aggregate public offering price of depositary shares"},{"amount":"$1,000","context":"public offering price per depositary share"},{"amount":"$100,000","context":"liquidation preference per preferred share"},{"amount":"$63.4 trillion","context":"BNY assets under custody and/or administration as of September 30, 2026"},{"amount":"$2.2 trillion","context":"BNY assets under management as of September 30, 2026"}]},"materialImpact":{"score":2,"reasoning":"Routine $1.25B preferred stock (depositary share) offering by a mega-cap bank priced at par for general corporate purposes. Capital-raising is standard funding activity with no surprise, discount, or distress signal."},"tickerRelevance":{"others":[],"primary":"BNY"},"globalImportance":30,"audienceRelevance":35,"eventTypeSecondary":["offering"],"importanceComponents":{"novelty":"low","tickerTier":"mega-cap S&P 500 household name","eventGravity":"routine capital raise","marketSignal":"neutral funding activity"}},"event_type":"debt_offering","event_type_secondary":["offering"],"sentiment":"neutral","material_impact_score":2,"narrative":"BNY priced an underwritten public offering of $1.25 billion of depositary shares, each representing a 1/100th interest in its Series O Noncumulative Perpetual Preferred Stock.\n\nThe shares are priced at $1,000 per depositary share and carry a 7.125% dividend rate until December 20, 2031, when the rate resets to the five-year treasury rate plus 2.192%; BNY may redeem the preferred from that date.\n\nNet proceeds are earmarked for general corporate purposes, and the offering is expected to close on October 28, 2026, with six major banks acting as joint book-runners.","key_figures":{"dealValueUsd":1250000000,"offeringPrice":1000,"sharesOffered":1250000,"customDimensions":{"series":"Series O Noncumulative Perpetual Preferred Stock","dividend_rate":"7.125% until Dec 20, 2031, then five-year treasury rate plus 2.192%","redemption_earliest":"December 20, 2031","liquidation_preference_per_share":100000}},"named_entities":{"people":[],"products":["Series O Noncumulative Perpetual Preferred Stock depositary shares"],"companies":[{"name":"The Bank of New York Mellon Corporation","ticker":"BNY","relationship":"filer/issuer"},{"name":"Barclays Capital Inc.","relationship":"joint book-running manager"},{"name":"BofA Securities, Inc.","relationship":"joint book-running manager"},{"name":"Deutsche Bank Securities Inc.","relationship":"joint book-running manager"},{"name":"Goldman Sachs & Co. LLC","relationship":"joint book-running manager"},{"name":"Morgan Stanley & Co. LLC","relationship":"joint book-running manager"},{"name":"BNY Mellon Capital Markets, LLC","relationship":"joint book-running manager"}],"dollarAmounts":[{"amount":"$1,250,000,000","context":"aggregate public offering price of depositary shares"},{"amount":"$1,000","context":"public offering price per depositary share"},{"amount":"$100,000","context":"liquidation preference per preferred share"},{"amount":"$63.4 trillion","context":"BNY assets under custody and/or administration as of September 30, 2026"},{"amount":"$2.2 trillion","context":"BNY assets under management as of September 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-19T22:16:17.416Z","global_importance":30,"audience_relevance":35,"importance_components":{"novelty":"low","tickerTier":"mega-cap S&P 500 household name","eventGravity":"routine capital raise","marketSignal":"neutral funding activity"}},"durationMs":5339,"modelName":"glm-5.3-flashx"}}