FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

DATED MARCH 3, 2009

FILED PURSUANT TO RULE 433

REGISTRATION NO. 333-132606

LOGO

STATE STREET CORPORATION

$1,500,000,000 2.150% SENIOR NOTES DUE 2012

GUARANTEED UNDER THE FDIC'S TEMPORARY LIQUIDITY GUARANTEE PROGRAM

 

SUBJECT

   

FINAL PRICING DETAILS

Issuer:    State Street Corporation
Guarantor:    The Federal Deposit Insurance Corporation (the “FDIC”)
FDIC Guarantee:    The debt is guaranteed under the Federal Deposit Insurance Corporation’s Temporary Liquidity Guarantee Program and is backed by the full faith and credit of the United States. The details of the FDIC guarantee are provided in the FDIC’s regulations, 12 C.F.R. Part 370, and at the FDIC’s website, www.fdic.gov/tlgp. The expiration date of the FDIC’s guarantee is the earlier of the maturity date of the debt or June 30, 2012.
Security:    2.150% Senior Notes due April 30, 2012
Expected Ratings:    Aaa / AAA (Moody’s / S&P)
Format:    SEC Registered-Registration Statement Number 333-132606
Trade Date:    March 3, 2009
Settlement Date (T+3):    March 6, 2009
Maturity Date:    April 30, 2012
Currency:    U.S. Dollars
Principal Amount:    $1,500,000,000
Price to Public (Issue Price):    99.856%
All-in-price:    99.556%
Pricing Benchmark:    UST 1.375% Notes due February 15, 2012
UST Spot (Yield):    1.318%
Spread to Benchmark:    + 88 basis points
Yield to Maturity:    2.198%
Net Proceeds to Issuer:    $1,493,340,000
Coupon:    2.150%
Interest Payment Dates:    Interest will be paid semi-annually in arrears on April 30 and October 30 of each year, commencing on April 30, 2009 and ending on the Maturity Date
Day Count Convention:    30/360
Denominations:    Minimum denominations of $2000 with increments of $1000 thereafter
Optional Redemption:    Upon the occurrence of certain tax events
Joint Book-Running Managers:   

Banc of America Securities LLC

Goldman, Sachs & Co. (Billing & Delivery)

Co-Managers:   

Credit Suisse Securities (USA) LLC

Morgan Stanley & Co. Incorporated

UBS Securities LLC

Junior Co-Managers:   

Muriel Siebert & Co., Inc.

The Williams Capital Group, L.P.

CUSIP:    85748KAA1
ISIN:    US85748KAA16

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Banc of America Securities LLC at 800-294-1322 or Goldman Sachs & Co. at 866-471-2526.