State Street raises ~$495.7M net via 500,000 Series L preferred depositary shares at $1,000 each

STATE STREET CORP

Offered 500,000 depositary shares at $1,000 each, each representing 1/100th of a Series L preferred share.
Net proceeds expected ~$495.7M after underwriting discount and estimated offering expenses.
Underwriters: Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as representatives.
Series L is Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock with $100,000 liquidation preference per share.

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