State Street Corp Files Prospectus Supplement for Senior Notes Due 2037

Overview & Offering Structure

On October 15, 2026, State Street Corporation filed a preliminary prospectus supplement (Form 424B5) under Registration No. 333-288196 for an offering of Fixed-to-Floating Rate Senior Notes due 2037.

Key Terms of the Notes:

• Issuer: State Street Corporation
• Security: Senior Unsecured Fixed-to-Floating Rate Notes due 2037
• Interest Structure:
  • Fixed annual coupon from issuance through 2036, payable semiannually.
  • Floating rate from 2036 to maturity in 2037 based on Compounded Daily SOFR plus a spread, payable quarterly.
• Optional Redemption: Callable in whole, but not in part, on a specified date in 2036 at 100% of principal amount plus accrued interest.
• Ranking: Unsecured and equal in priority to all existing and future senior unsecured debt.
• Joint Book-Running Managers: Goldman Sachs & Co. LLC, Morgan Stanley, Scotiabank, and TD Securities.
• Concurrent Subsidiary Offering: Principal banking subsidiary State Street Bank and Trust Company concurrently launched an offering exempt from SEC registration under Section 3(a)(2) of the Securities Act of 1933, consisting of floating rate senior notes due 2028 and fixed rate senior notes due 2028.

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Preliminary Q3 2026 Financial Performance

State Street included summary consolidated financial results for the quarter ended September 30, 2026:

• Total Revenue: $4,004 million (up 12.9% compared to $3,545 million in Q3 2025).
  • Fee Revenue: $3,140 million vs. $2,829 million in Q3 2025 (led by servicing fees of $1,492M and management fees of $797M).
  • Net Interest Income: $864 million vs. $715 million in Q3 2025.
• Diluted EPS: $3.69 per share compared to $2.78 per share in Q3 2025.
• Return on Average Common Equity (ROE): 16.4% compared to 13.4% in Q3 2025.
• Assets Under Custody/Administration (AUC/A): Reached a record $59.2 trillion (+14.5% YoY).
• Assets Under Management (AUM): Reached a record $6.3 trillion (+15.8% YoY).
• Balance Sheet: Consolidated total assets of $403.3 billion and total shareholders' equity of $28.7 billion.

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Market & Capital Impact

This filing represents standard capital and liquidity management by a Global Systemically Important Bank (G-SIB). The senior notes refinance maturing liabilities and help maintain regulatory capital and total loss-absorbing capacity (TLAC) metrics. There is no direct dilutive impact on common equity holders.