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BNY Mellon redeeming TruPS

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BNY Mellon redeeming TruPS

Bank of New York Mellon Corp. is redeeming all outstanding 6.369% preferred securities issued by Mellon Capital III.

The preferred shares, which will be redeemed March 20, have a liquidation amount of £50,000 per security and £200 million in the aggregate. The shares will be redeemed at £50,000 per share plus accumulated and unpaid distributions up to and excluding the redemption date in the amount of £467.388465.

The shares are held only in book-entry form through Euroclear Bank SA/NV as operator of the Euroclear System and Clearstream Banking SA. Citibank NA will serve as the principal paying agent and redeem the securities.