PNC Financial to Redeem $1.25 Billion in Senior Notes Early

Holders of the notes will receive the full principal amount, supplemented by accrued and unpaid interest calculated up to the redemption date. Following the transaction, interest accrual on these specific financial instruments will terminate. The bank is coordinating the redemption process through The Depository Trust Company to facilitate payment to all noteholders.

Based in Pittsburgh, The PNC Financial Services Group remains one of the largest diversified financial institutions in the United States. The organization provides a broad spectrum of retail and commercial banking, alongside specialized asset and wealth management services to corporate and government entities.