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PNC Financial Services Group to redeem $1.5B of notes

Pittsburgh-based PNC Financial Services Group Inc. will redeem on Oct. 6 all $1.5 billion of the outstanding 2.450% senior notes due Nov. 5.

The notes were issued by PNC Bank NA. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date.

Payment of the redemption price will be made through the facilities of The Depository Trust Co.