PNC to redeem all $525M Series S preferred depositary shares Nov 2, 2026 at $1,000 each

PNC FINANCIAL SERVICES GROUP, INC.

All 525,000 outstanding Depositary Shares (CUSIP 693475 AQ8) representing interests in PNC's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S, will be redeemed.
Redemption price is $1,000 per Depositary Share, which excludes any declared but unpaid dividends.
Redemption date of Nov. 1, 2026 shifts to Nov. 2, 2026 because Nov. 1 is a non-business day; payment to DTC made by Computershare Trust Company, N.A.
Any declared but unpaid semiannual dividend will be paid on the redemption date to holders of record as of a date set by PNC's board prior to redemption.
Each Depositary Share represents a 1/100th interest in one share of Series S Preferred Stock; total redemption is $525,000,000.

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