Filed Pursuant to Rule 433
Registration Nos. 333-164364
333-164364-01
August 4, 2010
PNC FUNDING CORP
$750,000,000 4.375% SENIOR NOTES DUE AUGUST 11, 2020
Unconditionally Guaranteed by
The PNC Financial Services Group, Inc.
Summary of Terms for Issuance
| Issuer: |
PNC Funding Corp | |
| Guarantor: |
The PNC Financial Services Group, Inc. | |
| Security: |
4.375% Senior Notes due August 11, 2020 | |
| Ranking: |
Senior | |
| Expected Security Ratings:* |
A3 / A / A+ (Moody’s / S&P / Fitch) | |
| Principal Amount: |
US$ 750,000,000 | |
| Price to Investors: |
99.456% of face amount | |
| Minimum Denomination / Multiples: |
$2,000 / multiples of $1,000 in excess thereof | |
| Trade Date: |
August 4, 2010 | |
| Settlement Date: |
August 11, 2010 (T+5) | |
| Maturity: |
August 11, 2020 | |
| Coupon: |
4.375% per annum | |
| Interest Payment Dates: |
Semi-annually in arrears on February 11 and August 11 of each year, commencing on February 11, 2011 to and including the maturity date. | |
| Day Count: |
30/360 | |
| Reference Benchmark: |
3.500% UST due May 15, 2020 | |
| Reference Benchmark Yield: |
2.943% | |
| Spread to Benchmark: |
+ 150 bps | |
| Re-offer Yield: |
4.443% | |
| CUSIP/ISIN: |
693476 BL6 / US693476BL68 | |
| Joint Book-Running Managers: |
Banc of America Securities LLC J.P. Morgan Securities Inc. | |
| Co-Managers: |
Morgan Stanley & Co. Incorporated PNC Capital Markets LLC | |
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
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 Banc of America Securities LLC at (800) 294-1322 or J.P. Morgan Securities Inc. collect at (212) 834-4533.
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