The Bank of New York’s $1.5 Billion Notes Offering

Cleary Gottlieb represented the underwriters in The Bank of New York’s registered offering of $750 million 4.54% fixed-rate/floating-rate callable senior medium-term notes Series J due 2032 and $750 million 5.085% fixed-rate/floating-rate callable senior medium-term notes Series J due 2037.

The representatives of the underwriters for the offering were Goldman Sachs & Co. LLC, Lloyds Securities Inc., Morgan Stanley & Co. LLC, Academy Securities Inc., and BNY Mellon Capital Markets LLC. The transaction priced on April 16, 2026, and is expected to settle on April 23, 2026.

The Bank of New York is a global financial services company that provides financial services for institutions and high-net-worth individuals, including asset servicing, issuer services, clearing services, treasury services, investment management, and wealth management.

The Cleary corporate team included partners Manuel Silva and Jeff Karpf, counsel Elizabeth Chang, and associates Marc Chien and Grady Tarplee. Partner Matthew Brigham and associate Adrianna Duggan advised on tax matters. Partners Hugh Conroy and Lauren Semrad and associates Andrew Tynes and Laurel Cunningham advised on bank regulatory matters.