secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001193125-24-183784
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street issues 850,000 depositary shares of Series J Preferred Stock, nets ~$842.2M
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- 850,000 depositary shares sold, each representing 1/100th of a Series J Preferred share.
- Liquidation preference of $100,000 per preferred share ($1,000 per depositary share).
- Net proceeds to State Street approximately $842.2 million after underwriting discount and expenses.
- Underwriting agreement with Goldman Sachs & Co. LLC and UBS Securities LLC as representatives.
- Series J is Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock; no stated dividend rate in filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000119312524183784/0001193125-24-183784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000119312524183784/d760508d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-183784

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