State Street (STT) Prices 21.7M Share Offering at $87.6/sh

State Street Corporation (NYSE: STT) today announced the pricing of an underwritten public offering of 21,724,217 shares of its common stock at a public offering price of $87.60 per share. The offering is being conducted as a public offering registered under the Securities Act of 1933, as amended.

The offering is expected to close on September 14, 2021, subject to customary closing conditions.

State Street intends to use the net proceeds from this offering to fund a portion of the cash consideration payable for, and certain costs associated with, the acquisition of Brown Brothers Harriman Investor Services (“BBH Investor Services”). Completion of this offering is not contingent upon the completion of the acquisition of BBH Investor Services. If the acquisition of BBH Investor Services is not completed, State Street will use the net proceeds for general corporate purposes.

Goldman Sachs & Co. LLC and BofA Securities are acting as underwriters for the proposed offering.

The offering is being made pursuant to an effective registration statement on Form S-3 (including a prospectus) filed with the U.S. Securities and Exchange Commission (the “SEC”). Prospective investors should read the prospectus forming a part of that registration statement and the prospectus supplement related to the offering and the other documents that State Street has filed with the SEC for more complete information about State Street and this offering. These documents are available at no charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the prospectus and prospectus supplement relating to the offering, when available, may be obtained from Goldman Sachs & Co. LLC at Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 and BofA Securities at BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of State Street’s common stock, nor shall there be any offer, solicitation or sale of the shares of State Street’s common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

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