State Street Corporation

07/24/2024 | Press release | Distributed by Public on 07/24/2024 14:16

Material Event Form 8 K

Item 8.01.

Other Events

On July 24, 2024, State Street Corporation ("State Street") issued and sold 850,000 depositary shares (the "Depositary Shares") each representing a 1/100th ownership interest in a share of State Street's Fixed Rate Reset Non-CumulativePerpetual Preferred Stock, Series J, without par value per share (the "Series J Preferred Stock"), with a liquidation preference of $100,000 per share (equivalent to $1,000 per Depositary Share) in a public offering pursuant to a registration statement on Form S-3(File No. 333-265877)and a related prospectus supplement filed with the Securities and Exchange Commission (the "SEC"). The Series J Preferred Stock was created pursuant to the filing on July 18, 2024 of Articles of Amendment (the "Articles of Amendment") with the Secretary of the Commonwealth of the Commonwealth of Massachusetts. The sale of the Depositary Shares was made pursuant to the terms of an underwriting agreement dated July 17, 2024 (the "Underwriting Agreement"), entered into among State Street and Goldman Sachs & Co. LLC and UBS Securities LLC, as representatives of the underwriters named therein. State Street expects to receive net proceeds from the offering of the Depositary Shares of approximately $842.2 million, after deducting the underwriting discount and estimated offering expenses.

In connection with the issuance of the Depositary Shares, State Street entered into a deposit agreement dated July 24, 2024 (the "Deposit Agreement"), with Equiniti Trust Company, LLC, as depositary, and the holders from time to time of depositary receipts evidencing the Depositary Shares.

The Deposit Agreement has been filed as Exhibit 4.3 hereto. The Underwriting Agreement, Articles of Amendment and form of certificate evidencing the Series J Preferred Stock have been included as Exhibits 1.1, 4.1 and 4.2, respectively, to State Street's Current Report on Form 8-K,filed with the SEC on July 23, 2024. The above descriptions of the Deposit Agreement, the Articles of Amendment, the form of certificate of the Series J Preferred Stock and the Underwriting Agreement are qualified in their entirety by reference to such exhibits, which are incorporated herein by reference.

Wilmer Cutler Pickering Hale and Dorr LLP, counsel to State Street, has issued an opinion to State Street, dated July 24, 2024, regarding the legality of the Depositary Shares to be issued and sold in the offering upon issuance and sale thereof. A copy of the opinion as to legality is filed as Exhibit 5.1 hereto.