PNC Financial Services offers senior notes in three series with preliminary terms; size and pricing not disclosed

Filed July 16, 2026 · ~2 min read

Key Changes

• high

  PNC is offering three series of senior notes: 2037 fixed/floating notes, 2030 fixed/floating notes, and 2030 floating notes. This 424B5 filing leaves all key terms blank—interest rates, aggregate principal amounts, and specific maturity dates are not disclosed.

  The Offering verify on EDGAR →
• medium

  Net proceeds will be used for general corporate purposes including subsidiary investments, debt repayment, and share repurchases. The specific net proceeds amount is not disclosed in this preliminary filing.

  Use of Proceeds verify on EDGAR →
• high

  The notes are structurally subordinated to subsidiary debt, meaning subsidiary creditors (including depositors) are paid from subsidiary assets before noteholders have claims. PNC depends on subsidiary dividends to service the notes, subject to legal limitations.

  Risk Factors verify on EDGAR →