FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses
Published on December 18, 2008
Filed Pursuant to Rule 433
Registration Nos. 333-139912
333-139912-01
Registration Nos. 333-139912
333-139912-01

PNC Funding Corp
$500,000,000 1.875% Fixed Rate Senior Notes Due June 22, 2011
Unconditionally Guaranteed by
The PNC Financial Services Group, Inc.
and
Guaranteed Under the FDICs
Temporary Liquidity Guarantee Program
$500,000,000 1.875% Fixed Rate Senior Notes Due June 22, 2011
Unconditionally Guaranteed by
The PNC Financial Services Group, Inc.
and
Guaranteed Under the FDICs
Temporary Liquidity Guarantee Program
Issuer:
|
PNC Funding Corp | |
Guarantor:
|
The PNC Financial Services Group, Inc. and the Federal Deposit Insurance Corporation (the FDIC). | |
Security:
|
1.875% Fixed Rate Senior Notes due June 22, 2011. | |
Guarantee:
|
The Notes are guaranteed by The PNC Financial Services Group, Inc. The Notes are also guaranteed under the FDICs Temporary Liquidity Guarantee Program and are backed by the full faith and credit of the United States. The details of the FDIC guarantee are provided in the FDICs regulations, 12 CFR Part 370, and at the FDICs website, www.fdic.gov/tlgp. The expiration date of the FDICs guarantee is the earlier of the maturity date of the debt or June 30, 2012. |
|
Expected Security Ratings:
|
Aaa / AAA / AAA (Moodys / S&P / Fitch) | |
Trade Date:
|
December 17, 2008 | |
Settlement Date:
|
December 22, 2008 (T3 days) | |
Maturity:
|
June 22, 2011 | |
Principal Amount:
|
US$ 500,000,000 | |
Price to Investors:
|
99.820% | |
Reference Benchmark:
|
U.S. Treasury 1.125% due December 15, 2011. | |
Reference Benchmark Price:
|
100 -303/4 | |
Reference Benchmark Yield:
|
0.753% | |
Re-offer Spread to Benchmark:
|
+119.6 bps | |
Re-offer Yield to Maturity:
|
1.949% | |
Coupon:
|
1.875% | |
Net Proceeds to the Issuer
(before expenses and FDIC fee):
|
US$ 498,350,000 | |
Interest Payment Dates:
|
Semi-annually in arrears on each June 22 and December 22 of each year, commencing on June 22, 2009 to and including the Maturity date. | |
Day Count:
|
30/360 | |
Minimum Denomination / Multiples:
|
$2,000 / multiples of $1,000 in excess thereof. | |
Optional Redemption:
|
Upon the occurrence of certain tax events. | |
CUSIP/ISIN:
|
69351CAA1/US69351CAA18 | |
Joint Book-Running Managers:
|
Citigroup Global Markets Inc. J.P. Morgan Securities Inc. |
|
Co-Manager:
|
PNC Capital Markets LLC |
PNC Funding Corp and The PNC Financial Services Group, Inc. have filed a registration
statement (including a prospectus and preliminary prospectus supplement) with the SEC for the
offering to which this communication relates. Before you invest, you should read each of these
documents and the other documents filed with the SEC and incorporated by reference in such
documents for more complete information about PNC Funding Corp, The PNC Financial Services Group,
Inc. and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site
at www.sec.gov. Alternatively, you may obtain a copy of these documents by calling Citigroup Global
Markets Inc. collect at 1-877-858-5407 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.