The Bank of New York Mellon Corporation (BK)
Filed: 17 Oct 19, 5:17pm
Filed pursuant to Rule 433
Registration StatementNo. 333-228787
THE BANK OF NEW YORK MELLON CORPORATION
$750,000,000 2.100% SENIOR NOTES DUE 2024
October 17, 2019
ISSUER:THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES:SENIOR MEDIUM-TERM NOTES, SERIES J
EXPECTED RATINGS (MOODY’S/ S&P/ FITCH/ DBRS)*:A1 (STABLE) / A (STABLE) /AA- (STABLE) / AAL (POSITIVE)
LEGAL FORMAT:SEC-REGISTERED
MATURITY DATE: OCTOBER 24, 2024
TRADE DATE:OCTOBER 17, 2019
SETTLEMENT DATE:OCTOBER 24, 2019 (T+5) **
INTEREST RATE:2.100% PER ANNUM
INTEREST FREQUENCY:SEMI-ANNUALLY
INTEREST PAYMENT DATES:INTEREST PAYSSEMI-ANNUALLY ON THE TWENTY-FOURTH OF APRIL AND OCTOBER OF EACH YEAR, COMMENCING ON APRIL 24, 2020, AND ENDING ON THE MATURITY DATE (OR THE NEXT BUSINESS DAY, IF ANY INTEREST PAYMENT DATE FALLS ON ANON-BUSINESS DAY; THE AMOUNT OF INTEREST PAYABLE WILL NOT BE ADJUSTED FOR SUCH POSTPONEMENT)
DAY COUNT CONVENTION:30/360
PRINCIPAL AMOUNT:$750,000,000
PRICE TO PUBLIC:99.825% OF PRINCIPAL AMOUNT PLUS ACCRUED INTEREST, IF ANY, FROM OCTOBER 24, 2019
NET PROCEEDS (BEFORE EXPENSES) TO ISSUER:$747,562,500
BENCHMARK TREASURY:UST 1.500% DUE SEPTEMBER 30, 2024
BENCHMARK TREASURY YIELD:1.567%
SPREAD TO BENCHMARK TREASURY:+57 BASIS POINTS
RE-OFFER YIELD:2.137%
DENOMINATIONS:$1,000 X $1,000
LISTING:NONE
CUSIP/ISIN:06406RAL1 / US06406RAL15
| BOOKRUNNERS: | BOFA SECURITIES, INC. | |
| MIZUHO SECURITIES USA LLC | ||
| UBS SECURITIES LLC | ||
| BNY MELLON CAPITAL MARKETS, LLC | ||
| CO-MANAGERS: | ACADEMY SECURITIES, INC. | |
| ANZ SECURITIES, INC. | ||
| U.S. BANCORP INVESTMENTS, INC. | ||
| MFR SECURITIES, INC. | ||
| R. SEELAUS & CO., LLC | ||
The notes 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.
The issuer has filed a registration statement (including a prospectus and a 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, 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 SEC web site 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 BofA Securities, Inc. at1-800-294-1322, Mizuho Securities USA LLC at1-866-271-7403, UBS Securities LLC at1-888-827-7275 or BNY Mellon Capital Markets, LLC at 1-800-269-6864.
| * | A security rating is not a recommendation to buy, sell or hold securities, and may be subject to revision or withdrawal at any time by the assigning rating organization. Each rating should be evaluated independently of any other rating. |
| ** | The Book-Runners and Co-Managers expect to deliver the notes in book-entry form only through the facilities of The Depository Trust Company against payment in New York, New York on or about the fifth 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 notes will not be made on a T+2 basis, investors who wish to trade the notes prior to two days before delivery will be required to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement. |