secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bank of New York Mellon Corp (BK)
CIK:        0001390777
Form:       8-K
Filed at:   2026-07-23T20:42:16+00:00
Accession:  0001193125-26-314242
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNY Mellon issues $500M of 6.244% Fixed-to-Floating Rate Preferred Stock via depositary shares
--------------------------------------------------------------------------------

- Offered 500,000 depositary shares (each 1/100th of Series N Preferred Stock) at $1,000/share, raising $500M.
- Series N carries 6.244% fixed-to-floating dividend rate; perpetual noncumulative preferred.
- Underwriting syndicate led by Goldman Sachs, J.P. Morgan, Morgan Stanley, RBC, UBS, BNY Mellon Capital Markets.
- If Series N dividends are not declared, BNY Mellon cannot pay dividends on or repurchase common stock.
- Certificate of Designations filed with Delaware Secretary of State on July 22, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1390777/000119312526314242/0001193125-26-314242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1390777/000119312526314242/d126055d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-314242

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer