PNC Financial Services Group Inc. is offering $500 million aggregate principal amount of 3.250% senior notes due Sept. 3, 2021.
Interest on the notes will be payable semiannually in arrears on March 3 and Sept. 3 of each year, beginning March 3, 2019. The notes will be issued in minimum denominations of $2,000 and multiples of $1,000 in excess thereof.
The Pittsburgh-based company will receive approximately $498.9 million in net proceeds, which will be used for general corporate purposes.
Morgan Stanley & Co. LLC is serving as book-running manager, and PNC Capital Markets LLC is serving as co-manager.