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PNC » Topics » [signature appear on following page]

This excerpt taken from the PNC 8-K filed May 27, 2008.

[signature appear on following page]

 

25

If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Corporation and the several Underwriters.

 

Very truly yours,
The PNC Financial Services Group, Inc.
By:   /s/ Lisa Marie Kovac
Name:   Lisa Marie Kovac
Title:   Vice President

Confirmed and accepted, intending to be legally

bound, as of the date specified in Schedule I hereto.

 

By: J.P. Morgan Securities Inc.
By:   /s/ Stephen L. Sheiner
  Name:   Stephen L. Sheiner
  Title:   Vice President

 

By: Merrill Lynch, Pierce, Fenner & Smith Incorporated
By:   /s/ Michael F. Barry
  Name:   Michael F. Barry
  Title:   Managing Director

Each, for itself and the other several Underwriters, if

any, named in Schedule II to the foregoing Agreement.

 

26

SCHEDULE I

Underwriting Agreement dated May 14, 2008

Registration Statement No. 333-139912

 

Representatives:   

J.P. Morgan Securities Inc. and

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Title, Purchase Price and Description of Securities:   
Title:    Depositary Shares Each representing 1/10th interest in a share of Fixed-to-Floating Preferred Stock Series K, $1.00 par value
Number of Firm Depositary Shares:    500,000
Number of Optional Depositary Shares:    75,000
Initial Public Offering Price:    $1,000 per Depositary Share
Purchase Price by Underwriters:    $985 per Depositary Share
Underwriters’ Compensation:    $15 per $1,000 principal amount of Depositary Share.
Specified Funds for Payment of Purchase Price:    Immediately available funds by wire.
Modification of items to be covered by the letter from Deloitte and Touche LLP delivered pursuant to Section 6(f):    Letter from Deloitte and Touche LLP to be delivered pursuant to Section 6(f) at the Closing Date, not also at the Execution Time.
Modification of items to be covered by the letter from PricewaterhouseCoopers LLP delivered pursuant to Section 6(g):    Letter from PricewaterhouseCoopers LLP to be delivered pursuant to Section 6(g) at the Closing Date, not also at the Execution Time.
Closing Date:    May 21, 2008; 9:00 a.m. (New York City Time)
Closing Location:   

Cravath, Swaine & Moore LLP

825 Eighth Avenue

New York, NY 10019

Address for Notices to Underwriters:   

J.P. Morgan Securities Inc.

270 Park Avenue

New York, New York 10017 and

Merrill Lynch, Pierce, Fenner & Smith Incorporated

250 Vesey Street

New York, New York 10080

Issuer Free Writing Prospectus Not Included in the Pricing Disclosure Package:    None.

 

1

SCHEDULE II

 

Underwriters

    Number of
Firm Depositary
Shares to be
Purchased		    Number of Optional
Depositary Shares
to be Purchased if
Maximum Option
Exercised

J.P. Morgan Securities Inc.

    225,000    33,750

Merrill Lynch, Pierce, Fenner & Smith Incorporated

    225,000    33,750

PNC Capital Markets LLC

    50,000    7,500

Total

    500,000    75,000
         

 

1

SCHEDULE III

 

1. The Final Term Sheet filed pursuant to Section 4(a) of this Agreement

 

1

This excerpt taken from the PNC 8-K filed Feb 13, 2008.

[signature appear on following page]

If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Corporation, the Trust and the several Underwriters.

 

Very truly yours,
PNC Capital Trust E, a Delaware statutory trust
By: The PNC Financial Services Group, Inc., as sponsor
By:  

 

Name:  
Title:  
The PNC Financial Services Group, Inc.
By:  

 

Name:  
Title:  

Confirmed and accepted, intending to be legally bound, as of the date specified in Schedule I hereto.

 

By: Morgan Stanley & Co. Incorporated
By:  

 

Name:  
Title:  
By: Citigroup Global Markets Inc.
By:  

 

Name:  
Title:  
By: Merrill Lynch, Pierce, Fenner & Smith Incorporated
By:  

 

Name:  
Title:  

Each, for itself and the other several Underwriters, if any, named in Schedule II to the foregoing Agreement.

SCHEDULE I

Underwriting Agreement dated February 6, 2008

Registration Statement No.   333-139913   
  333-139913-04   

 

Representatives:   

Morgan Stanley & Co. Incorporated

1585 Broadway

New York, NY 10036

 

Citigroup Global Markets Inc.

388 Greenwich Street

New York, NY 10013

 

Merrill Lynch, Pierce, Fenner & Smith Incorporated

250 Vesey Street

New York, New York 10080

Title, Purchase Price and Description of

Preferred Securities:

   
Title:    7.75% Trust Preferred Securities
Aggregate Liquidation Amount:    $450,000,000
Purchase price:    $25 per Preferred Security
Distribution Rate:    7.75% per annum
Redemption provisions:    As specified in the Trust Agreement
Other provisions:    As specified in the Trust Agreement

Modification of items to be covered by the

letter from Deloitte and Touche LLP

delivered pursuant to Section 5(h):

   

Letter from Deloitte and Touche LLP to be

delivered pursuant to Section 5(h) at the

Closing Date, not also at the Execution

Time.

Modification of items to be covered by the

letter from PricewaterhouseCoopers LLP

delivered pursuant to Section 5(i):

   

Letter from PricewaterhouseCoopers LLP

to be delivered pursuant to Section 5(i) at

the Closing Date, not also at the Execution Time.

SCHEDULE II

 

Underwriters

    Liquidation Amount
of Preferred
Securities to be
Purchased

Morgan Stanley & Co. Incorporated

    $ 112,500,000

Citigroup Global Markets Inc.

    $ 112,500,000

Merrill Lynch, Pierce, Fenner & Smith Incorporated

    $ 112,500,000

UBS Securities LLC

    $ 112,500,000
      

Total

    $ 450,000,000
      

SCHEDULE III

 

1. The Final Term Sheet filed pursuant to Section 3(a) of this Agreement

EXCERPTS ON THIS PAGE:

8-K
May 27, 2008
8-K
Feb 13, 2008
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