New Issue: Bank of New York prices $1 billion five-year notes at Treasuries plus 130 bps

New York, Feb. 16 – Bank of New York Mellon Corp. priced a $1 billion offering of five-year senior medium-term notes with a 2.5% coupon at 99.901 to yield 2.52%, a spread of 130 basis points over Treasuries.

Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and BNY Mellon Capital Markets, LLC were the bookrunners for the deal, according to an FWP filing with the Securities and Exchange Commission.

Bank of New York Mellon is a New York-based financial institution.

Issuer:	Bank of New York Mellon Corp.
Issue:	Senior medium-term notes, series I
Amount:	$1 billion
Maturity date:	April 15, 2021
Coupon:	2.5%
Price:	99.901
Yield:	2.52%
Spread:	130 basis points
Call:	March 15, 2021 onwards at par
Pricing date:	Feb. 16
Settlement:	Feb. 19
Bookrunners:	Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, BNY Mellon Capital Markets, LLC
Co-managers:	Drexel Hamilton, LLC, HSBC Securities (USA) Inc., Jefferies LLC, Lebenthal & Co., LLC, PNC Capital Markets LLC, Santander Investment Securities Inc., U.S. Bancorp Investments, Inc.
Ratings:	Moody’s: A1 (expected)
	Standard & Poor’s: A (expected)
	Fitch: AA- (expected)
	DBRS: AA low (expected)
Distribution:	Off shelf

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