BNY Mellon’s $1.3 Billion Preferred Stock Offering

Cleary Gottlieb represented the underwriters in The Bank of New York Mellon Corporation’s $1.3 billion registered offering of 1,300,000 depositary shares, each representing a 1/100th interest in a share of Series I noncumulative perpetual preferred stock.

The joint book-running managers for the offering were Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley, RBC Capital Markets, and BNY Mellon Capital Markets. The offering priced on November 8, 2021, and will settle on November 18, 2021.

The Bank of New York Mellon Corporation is a global financial services company that provides financial services for institutions and high-net-worth individuals, including asset servicing, issuer services, clearing services, treasury services, investment management, and wealth management.