BNY Mellon closes $500M Series K Preferred offering via 20M depositary shares at 6.244%

Bank of New York Mellon Corp

Issued 20,000,000 depositary shares, each representing 1/4,000th interest in Series K Noncumulative Perpetual Preferred Stock.
Series K carries a 6.244% fixed-to-floating rate; liquidation preference $100,000 per preferred share.
Underwriters include Morgan Stanley, UBS, Deutsche Bank, Goldman Sachs, RBC, and BNY Mellon Capital Markets.
Common dividend and share repurchase restrictions apply if Series K dividends are not declared and paid.
Certificate of Designations for Series K filed with Delaware Secretary of State on March 13, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Bank of New York Mellon Corp: Filed Certificate of Designations to establish Series K Noncumulative Perpetual Preferred Stock, including dividend and redemption restrictions (effective 2025-03-13).

Change: charter amendment
Effective: 2025-03-13

Exact text from the filing

On March 13, 2025, the Registrant filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the Series K Preferred Stock.

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Bank of New York Mellon Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-054816

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