State Street Corporation Closes $750 Million Senior Notes Offering

Overview of the Filing

On October 20, 2026, State Street Corporation filed a Current Report on Form 8-K under Item 8.01 (Other Events) reporting two multi-tranche debt offerings totaling $2.0 billion across the parent holding company and its principal operating bank subsidiary.

Key Transaction Details

1. State Street Corporation (Parent Company):

   • Securities: Fixed-to-Floating Rate Senior Notes due 2037.
   • Aggregate Principal Amount: $750,000,000.
   • Offering Type: Registered public offering under Form S-3 (Registration No. 333-288196).
   • Purchase Price / Underwriting: Underwriting agreement dated October 15, 2026, with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., and TD Securities (USA) LLC serving as representatives. Purchase price was 99.600% of par.
   • Estimated Net Proceeds: Approximately $745.6 million after underwriting discounts and expenses.

2. State Street Bank and Trust Company (Operating Subsidiary):

   • Securities Issued:
     • $500,000,000 Floating Rate Senior Notes due 2028
     • $750,000,000 5.147% Senior Notes due 2028
   • Exemption: Issued under Section 3(a)(2) of the Securities Act of 1933.
   • Estimated Net Proceeds: Approximately $1.246 billion after initial purchaser discounts and estimated offering expenses.

Capital & Market Implications

• Liquidity and Funding: The capital raised strengthens the liquidity profiles of both the holding company and State Street Bank, supporting ongoing balance sheet requirements and ordinary course operations.
• Market Impact: Standard institutional debt refinancing and balance sheet management event; minimal immediate dilutive impact on equity holders, carrying low trading significance for equity investors.