State Street Corp: issues $750,000,000 notes; bank unit issues $1,250,000,000

What happened State Street Corporation filed an 8-K reporting that on Oct 20, 2026 it issued $750,000,000 aggregate principal amount of Fixed-to-Floating Rate Senior Notes due 2037 in a public offering pursuant to a registration statement on Form S-3. The notes were issued pursuant to an Indenture dated Oct 31, 2014, as amended and supplemented, and the sale was made pursuant to an underwriting agreement dated Oct 15, 2026 with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC as representatives. State Street expects to receive net proceeds of approximately $745,600,000. Counsel to State Street issued an opinion dated Oct 20, 2026 regarding the legality of the notes.

Also on Oct 20, 2026, State Street Bank and Trust Company, a direct, wholly-owned subsidiary of State Street, issued $500,000,000 aggregate principal amount of Floating Rate Senior Notes due 2028 and $750,000,000 aggregate principal amount of 5.147% Senior Notes due 2028 in an offering exempt from registration under Section 3(a)(2) of the Securities Act. In connection with those Bank Notes, State Street Bank entered into a fiscal agency agreement dated Oct 20, 2026 with U.S. Bank Trust Company, National Association, and entered into a purchase agreement dated Oct 15, 2026 with the initial purchasers. State Street Bank expects to receive net proceeds of approximately $1,246,000,000.

Key details

• Issuance date: Oct 20, 2026.
• State Street issued $750,000,000 Fixed-to-Floating Rate Senior Notes due 2037; expected net proceeds $745,600,000.
• State Street Bank issued $500,000,000 Floating Rate Senior Notes due 2028 and $750,000,000 5.147% Senior Notes due 2028 (aggregate $1,250,000,000); expected net proceeds $1,246,000,000.
• Sales were made under an underwriting agreement and a purchase agreement dated Oct 15, 2026 and a fiscal agency agreement dated Oct 20, 2026.

Why it may matter The filing reports Item 8.01 (other events) covering the issuance of the Fixed-to-Floating Rate Senior Notes by State Street Corporation and the issuance of notes by its bank subsidiary, along with related underwriting, purchase and fiscal agency agreements. The filing does not show why the company acted or why any insider traded.