State Street issues 750,000 depositary shares at $1,000 each, net proceeds ~$743M

STATE STREET CORP

Offering of Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K; liquidation preference $100,000/share.
Net proceeds of approximately $743.1 million after underwriting discount and offering expenses.
Underwriting agreement with BofA Securities and Morgan Stanley as representatives of the underwriters.
Each depositary share represents a 1/100th interest in one share of Series K preferred stock.
Articles of amendment filed to fix designations and preferences of the new Series K preferred stock.

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