PNC to redeem $1.25B senior notes early on May 13, 2026, stopping interest accrual.

PNC Financial Services Group announced it will redeem all outstanding $1.25 billion of its 4.543% Senior Fixed Rate/Floating Rate Notes on May 13, 2026, one year before their scheduled maturity in 2027. The redemption will be at 100% of the principal plus accrued interest, and interest will stop accruing from the redemption date. This early redemption reflects PNC's management of its debt obligations and could impact its future financing costs. Payments will be processed through The Depository Trust Company.