PNC Financial Services Group, Inc.: sells $1,500,000,000 notes

What happened PNC Financial Services Group, Inc. filed a Current Report on Form 8-K dated Oct 23, 2026 reporting that the Corporation "completed the public offer and sale" of (a) $1,200,000,000 aggregate principal amount of its 5.463% Fixed Rate/Floating Rate Senior Notes due Oct 23, 2029, and (b) $300,000,000 aggregate principal amount of its Senior Floating Rate Notes due Oct 23, 2029. The filing states the Notes were sold pursuant to an Underwriting Agreement dated Oct 20, 2026.

Key details

• $1,200,000,000 aggregate principal amount of 5.463% Fixed Rate/Floating Rate Senior Notes due Oct 23, 2029.
• $300,000,000 aggregate principal amount of Senior Floating Rate Notes due Oct 23, 2029.
• Underwriting Agreement dated Oct 20, 2026 entered into by the Corporation, PNC Capital Markets LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.
• The Underwriting Agreement is attached to the Form 8-K as Exhibit 1.1.

Why it may matter This item was reported under Item 8.01 (Other events), and the filing includes the Underwriting Agreement as an exhibit under Item 9.01 (Financial statements and exhibits). This filing does not show why the insider traded or why the company acted.