PNC ANNOUNCES THE ACQUISITION OF SE

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PITTSBURGH, April 29, 2022 /PRNewswire/ — PNC Financial Services Group, Inc. (NYSE: PNC) today announced the acquisition of the May 31, 2022 of all outstanding Senior Notes due June 29, 2022 issued by PNC Bank, National Association (as successor in interest to BBVA UNITED STATESformerly Compass Bank) for an amount of $750,000,000 (CUSIP 20453KAB1). The securities have a payout rate of 2.875% and an originally scheduled maturity date of June 29, 2022. The redemption price will be equal to $1,000 by $1,000 in principal, plus all accrued and unpaid distributions to the date of redemption of May 31, 2022.

Payment of the redemption price will be made through the services of The Depository Trust Company.

The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and a local offering of personal and business banking services, including a full range of lending products; specialized services for businesses and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For more information about PNC, visit www.pnc.com.

CONTACTS:

MEDIA:
Marcey Zwiebel
(412) 762-4550
[email protected]

INVESTORS:
Bryan Gill
(412) 768-4143
[email protected]

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SOURCE The PNC Financial Services Group, Inc.

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