Calculation of the Registration Fee
| Title of Each Class of Securities Offered |
Maximum Aggregate Offering Price |
Amount of Registration Fee (1) | ||
| Floating Rate Senior Medium Term Notes, Series G due 2014 |
$350,000,000 | $40,635 |
| (1) | Calculated in accordance with Rules 457(r) of the Securities Act of 1933. |
| Pricing Supplement dated January 25, 2011 (To Prospectus dated June 28, 2010 and Prospectus Supplement dated August 6, 2010) THE BANK OF NEW YORK MELLON CORPORATION |
Rule 424(b)(2) File No. 333-167832. |
Senior Medium-Term Notes Series G
(U.S. $ Floating Rate)
$350,000,000 Floating Rate Senior Notes Due 2014
Trade Date: January 25, 2011
Original Issue Date: February 1, 2011
Principal Amount: $350,000,000
Net Proceeds to Issuer: $349,685,000
Price to Public: 100%, plus accrued interest, if any, from February 1, 2011
Commission/Discount: 0.09%
Agent’s Capacity: x Principal Basis ¨ Agency Basis
Maturity Date: January 31, 2014
Interest Payment Dates: Quarterly on the 1st day of February, May, August and November of each year, commencing May 1, 2011 and ending on the Maturity Date (or next business day, modified following, adjusted)
Interest Rate: 3-month LIBOR + 28 basis points
Initial Interest Rate: 3-month LIBOR + 28 basis points determined on the second London Banking Day preceding the Original Issue Date
Interest Reset Dates: Quarterly on the 1st day of February, May, August and November of each year, commencing May 1, 2011 (or next business day, modified following, adjusted)
Base Rate: LIBOR (the designated LIBOR page shall be Reuters page LIBOR01 and the LIBOR currency shall be U.S. Dollars)
Index Maturity: 3-month
Spread: + 28 basis points
Interest Determination Dates: The second London Banking Day preceding the related Interest Reset Date
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The Notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.
| Form: | x | Book Entry | ||||||
| ¨ | Certificated | |||||||
| Redemption: | x | The Notes cannot be redeemed prior to maturity | ||||||
| ¨ | The Notes may be redeemed prior to maturity | |||||||
| Repayment: | x | The Notes cannot be repaid prior to maturity | ||||||
| ¨ | The Notes can be repaid prior to maturity at the option of the holder of the Notes | |||||||
| Discount Note: | ¨ Yes x No | |||||||
Defeasance: The defeasance and covenant defeasance provisions of the Senior Indenture described under “Description of Senior Debt Securities and Senior Subordinated Debt Securities – Debt Securities Issued by the Company under the Senior Indenture or the Senior Subordinated Indenture – Legal Defeasance and Covenant Defeasance” in the Prospectus will apply to the Notes.
Plan of Distribution: The Notes described herein are being purchased by the agent named in the below table (the “Agent”), as principal, on the terms and conditions described in the Prospectus Supplement under the caption “Plan of Distribution of Medium-Term Notes.”
| Agent |
Aggregate Principal Amount of Notes to be Purchased |
|||
| Citigroup Global Markets Inc. |
$ | 122,500,000 | ||
| Credit Suisse Securities (USA) LLC |
$ | 122,500,000 | ||
| BNY Mellon Capital Markets, LLC |
$ | 35,000,000 | ||
| nabSecurities, LLC |
$ | 21,000,000 | ||
| Wells Fargo Securities, LLC |
$ | 21,000,000 | ||
| UBS Securities LLC |
$ | 21,000,000 | ||
| MFR Securities Inc. |
$ | 3,500,000 | ||
| Toussaint Capital Partners, LLC |
$ | 3,500,000 | ||
| Total: |
$ | 350,000,000 | ||
The Agent expects to deliver the Notes in book-entry form only through the facilities of The Depository Trust Company against payment in New York, New York on or about the fifth business day following the date of this Pricing Supplement. Trades of securities in the secondary market generally are required to settle in three business days, referred to as T+3, unless the parties to a trade agree otherwise. Accordingly, by virtue of the fact that the initial delivery of the Notes will not be made on a T+3 basis, investors who wish to trade the Notes before a final settlement will be required to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement.
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