PNC closes $1.25B senior note offering at 4.899% due 2031

PNC FINANCIAL SERVICES GROUP, INC.

Issued $1.25B aggregate principal of 4.899% Fixed/Floating Rate Senior Notes due May 13, 2031.
Offering completed on May 13, 2025; notes pay fixed rate then floating rate after first reset.
Underwriters include PNC Capital Markets, J.P. Morgan, and Morgan Stanley.
Notes issued under existing indenture with Bank of New York Mellon as trustee.
Proceeds expected for general corporate purposes (not explicitly stated in filing).

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