EFTA02031932.pdf

To: [email protected][[email protected]]; epstein, jeffrey (jeevacation©gmail.com)[epstein, jeffrey ([email protected])); jeevacation©gmail.coreevacation©gmail.com] From: Giuffrida, David J Sent: Wed 7/20/2011 7:01:07 PM Subject: FW: NEW ISSUE - PNC Fixed-to-Floater Jeffrey, PNC is issuing QDI non-cum perpetual preferreds. Price talk is in the high 6's. Fix to float in 10 years. Please let us know if you're interested. Thanks ISSUER: THE PNC FINANCIAL SERVICES GROUP, INC ("PNC"] EXPECTED RATINGS: Baa3/BBB/A- (pos outlook,stable,stable) SIZE: Benchmark MATURITY: Perpetual TYPE: Depositary Shares Each Representing a 1/100th Interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series 0 FORMAT: SEC Registered DIVIDENDS: Fixed until (XX/XX/2021), thereafter floats at 3mo LIBOR + original LIBOR spread. Payable semi-annual until (XX/XX/2021]; quarterly thereafter (see prospectus) OPTIONAL REDEMPTION: Callable, in whole or in part, on any dividend date on or after XX/XX/2021 at par plus declared unpaid dividends. Callable , in whole but not in part, at any time within 90 days of a Regulatory Capital Treatment Event at par plus accrued and unpaid dividends (whether declared or not) (see prospectus) DENOMS: $1,000 x $1,000 UOP: PNC and its subsidiaries expect to use the net proceeds from the sale of our depositary shares for general corporate purposes, including funding of the pending RBC Bank (USA) acquisition (see prospectus) MARKETING: E-Reds LEAD/BOOKS: JPM,BAML,MS CO-MGRS: C,PNC SETTLEMENT: T+5 TIMING: ASAP registration statement relating to these securities has been filed and has become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. A written prospectus for the offering meeting the requirements of Section 10 of the Securities Act of 1933 (other than a free writing prospectus as defined in Securities Act Rule 405), including a price range where required by the rule, may be obtained from J.P. Morgan Securities Inc., 1 Chase Manhattan Plaza, Floor 56, New York, NY 10081. You should not reply to this announcement. Any reply e-mail communications, including those you generate using the "Reply" function on your e-mail software, will be ignored or rejected. Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by EFTA_R1_00542249 EFTA02031932 Bloomberg or another email system. THIS IS FOR INFORMATION ONLY, NOT AN OFFER OR SOLICITATION FOR THE PURCHASE OR SALE OF ANY FINANCIAL INSTRUMENT, NOR AN OFFICIAL CONFIRMATION OF TERMS. THE INFORMATION IS BELIEVED TO BE RELIABLE, BUT WE DO NOT WARRANT ITS COMPLETENESS OR ACCURACY. PRICES AND AVAILABILITY ARE INDICATIVE ONLY AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. WE MAY HOLD A POSITION OR ACT AS A MARKET MAKER IN ANY FINANCIAL INSTRUMENT DISCUSSED HEREIN. CLIENTS SHOULD CONSULT THEIR OWN ADVISORS REGARDING ANY TAX, ACCOUNTING OR LEGAL ASPECTS OF THIS INFORMATION AND EXECUTE TRANSACTIONS THROUGH A J.P. MORGAN ENTITY IN THEIR HOME JURISDICTION UNLESS GOVERNING LAW PERMITS OTHERWISE. This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of JPMorgan Chase & Co., its subsidiaries and affiliates. This transmission may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by JPMorgan Chase & Co., its subsidiaries and affiliates, as applicable, for any loss or damage arising in any way from its use. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you. Please refer to http://www.jpmorgan.com/pages/disclosures for disclosures relating to European legal entities. EFTA_R1_00542250 EFTA02031933