PNC Financial announces plans to price five-year senior notes

By Devika Patel

Knoxville, Tenn., Jan. 17 – PNC Financial Services Group, Inc. plans an offering of dollar-denominated senior notes due January 2024, according to a 424B5 filed with the Securities and Exchange Commission.

The notes are non-callable until 30 days prior to maturity and then are callable at par.

Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including debt repayment.

PNC is a Pittsburgh-based financial services company.

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