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State Street Corporation Announces the Final Results of the Cash Tender Offer for any and all of its Floating Rate Junior Subordinated Debentures due 2047

State Street Corporation ("State Streeta??) (NYSE: STT) today announced the final tender results of the previously announced cash tender offer (the "Tender Offera??) by its principal banking subsidiary, State Street Bank and Trust Company (the "Banka??), for any and all of the outstanding Floating Rate Junior Subordinated Debentures due 2047 listed in the table below (the "2047 Debenturesa??),
which were issued by State Street. The terms of the Tender Offer are described in the Offer to Purchase, dated October 21, 2019 (the "Offer to Purchasea??).


As previously announced on November 4, 2019, approximately $289.8 million in aggregate principal amount of the 2047 Debentures were validly tendered and not validly withdrawn on or prior to 5:00 p.m., New York City time, on November 1, 2019 (the "Early Tender Deadlinea??). In addition, following the Early Tender Deadline and on or prior to 5:00 p.m., New York City time, on November 20, 2019 (the "Expiration Datea??), approximately $7.6 million aggregate principal amount of the 2047 Debentures were validly tendered and not validly withdrawn.


The Bank has accepted for payment all 2047 Debentures validly tendered and not validly withdrawn pursuant to the Tender Offer. The settlement date for all of the 2047 Debentures that were validly tendered on or prior to the Expiration Date is expected to be November 22, 2019.


The table below summarizes the aggregate principal amount of the 2047 Debentures validly tendered on or prior to the Expiration Date, including the 2047 Debentures validly tendered and not validly withdrawn on or prior to the Early Tender Deadline:






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