The Bank of New York’s $2.5 Billion Notes Offering

Cleary Gottlieb represented the underwriters in The Bank of New York’s $2.5 billion registered offering, consisting of $300 million floating-rate callable senior medium-term notes Series J due 2030, $1.2 billion 4.755% fixed-rate/floating-rate callable senior medium-term notes Series J due 2030, and $1 billion 5.182% fixed-rate/floating-rate callable senior medium-term notes Series J due 2034.

The transaction priced on August 5, 2026, and is expected to settle on August 12, 2026.

The representatives of the underwriters for the offering were BofA Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC, R. Seelaus & Co. LLC, and BNY Mellon Capital Markets LLC.

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 Madeline Byers. Partner Matthew Brigham advised on tax matters, with assistance from law clerk Jiyoung Kim.