Filed Pursuant to Rule 433
Registration Nos. 333-139912
333-139912-01
June 4, 2009
PNC FUNDING CORP
$400,000,000 5.40% SENIOR NOTES DUE JUNE 10, 2014
Unconditionally Guaranteed by
The PNC Financial Services Group, Inc.
Summary of Terms for Issuance
| Issuer: |
PNC Funding Corp | |
| Guarantor: |
The PNC Financial Services Group, Inc. | |
| Security: |
5.40% Senior Notes due June 10, 2014. | |
| Ranking: |
Senior | |
| Expected Security Ratings:* |
A3 / A / A+ (Moody’s / S&P / Fitch) | |
| Principal Amount: |
US$ 400,000,000 | |
| Price to Investors: |
99.840% | |
| Minimum Denomination / Multiples: |
$2,000 / multiples of $1,000 in excess thereof. | |
| Trade Date: |
June 4, 2009 | |
| Settlement Date: |
June 9, 2009 (T+3) | |
| Maturity: |
June 10, 2014 | |
| Coupon: |
5.40% per annum | |
| Interest Payment Dates: |
Semi-annually in arrears on June 10 and December 10 of each year, commencing on December 10, 2009 to and including the Maturity date. | |
| Day Count: |
30/360 | |
| Reference Benchmark: |
2.25% UST due May 2014 | |
| Reference Benchmark Yield: |
2.537% | |
| Spread to Benchmark: |
290 bps | |
| Re-offer Yield: |
5.437% | |
| CUSIP/ISIN: |
693476BE2 / US693476BE26 | |
| Joint Book-Running Managers: |
Goldman, Sachs & Co. J.P. Morgan Securities Inc. | |
| Co-Manager: |
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 Goldman, Sachs & Co. collect at 1-866-471-2526 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.
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