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Pricing Supplement dated July 19, 2022 (To
Prospectus dated December 9, 2021 and Prospectus Supplement dated December 9, 2021)
THE BANK OF NEW YORK MELLON CORPORATION |
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Rule 424(b)(5)
File No. 333-261575 |
Senior Medium-Term Notes Series J
(U.S. $ Fixed Rate/Floating Rate)
$1,250,000,000 4.414% Fixed Rate/Floating Rate Callable Senior Notes Due 2026
Trade Date: July 19, 2022
Original Issue Date: July 26, 2022
Principal Amount: $1,250,000,000
Net Proceeds (Before
Expenses) to Issuer: $1,248,125,000
Price to Public: 100.000% plus accrued interest, if any, from July 26, 2022
Commission/Discount: 0.150%
Agents Capacity:
☒ Principal Basis ☐ Agency Basis
Maturity Date: July 24, 2026
Fixed Rate Period: July 26, 2022 to but excluding July 24, 2025
Floating Rate Period: July 24, 2025 to but excluding July 24, 2026
Interest Payment Dates during the Fixed Rate Period: Semi-annually on the 24th day of January and July of each year, commencing January 24, 2023 and ending on
July 24, 2025
Interest Rate during Fixed Rate Period: 4.414% per annum
Day Count Convention During the Fixed Rate Period: 30/360
Interest Payment Dates during the Floating Rate Period: Quarterly on the 24th day of January, April, July and October of each year, commencing on October 24,
2025
Interest Rate during Floating Rate Period: Compounded SOFR (as defined in the Prospectus Supplement), as determined in accordance with the
provisions set forth in the Prospectus, Prospectus Supplement and this Pricing Supplement, plus the Spread. In no event will the Interest Rate for any Floating Rate Period Interest Period be less than the Minimum Interest Rate.
Floating Rate Period Interest Period: (i) the period from and including any Interest Payment Date (or with respect to the initial Floating Rate Interest
Period during the Floating Rate Period only, from and including July 24, 2025) to, but excluding, the next succeeding Interest Payment Date; (ii) in the case of the last such period, the period from and including the Interest Payment Date
immediately preceding the Maturity Date to, but excluding, the Maturity Date; or (iii) in the event of any redemption of the Notes, from and including the Interest Payment Date immediately preceding the applicable redemption date to, but
excluding, such redemption date.
Base Rate or Benchmark during the Floating Rate Period: Compounded SOFR
Floating Rate Period Spread: +134.5 basis points