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PNC Financial Services Group, 6.125% Fixed-to-Floating Non-cumulative Preferred Stock Series P

The coupon is fixed at 6.125% until 4/30/2022 and will float beginning on 5/1/2022 at a rate of 3 month Libor plus a spread of 4.0675%.

May only be redeemed on a dividend payment date

Redeemed 11/01/2022

Ticker: PNC-P

Parent Ticker: PNC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 04/20/2012

1st Call Date: 05/01/2022

Maturity Date: None

Shares Issued: 60,000,000

Overallotment Shares: 3,000,000

Coupon: 6.125%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.382

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 1

S&P Rating: BBB-

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: Baa2

Fitch Rating: NR