PNC-P PNC Financial Services Group ADRs of Perpetual Preferred Series P

Dividends on the Preferred Stock will not be cumulative and will be payable quarterly, in arrears, on February 1, May 1, August 1 and November 1 of each year. Dividends will accrue and be payable from the date of issuance to, but excluding, May 1, 2022 at a rate of 6.125% per annum. From and including May 1, 2022, we will pay dividends when, as, and if declared by our board or such committee at a floating rate equal to three-month LIBOR plus a spread of 4.0675% per annum. The issuer may redeem the Preferred Stock in whole or in part, from time to time, on any dividend payment date on or after May 1, 2022 at a redemption price equal to $25.00 per depositary share, plus any declared and unpaid dividends.  This security was issued by PNC Financial Services Group, Inc. , whose common stock symbol is PNC.

$25.29  -0.01 (-0.04%)
As of 08/05/2022 16:00:00 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  04/23/2012
Outstanding shares:  60,000,000
Average volume:  125,835
Market cap:   $1,523,400,000
Current dividend yield:  5.39%    calculation
Initial coupon rate:    6.125%
Spread to LIBOR: 0.040675
Cumulative:    No
Liquidation value:   $25.00
Callable after:   05/01/2022
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      B7Y1SH0