BOSTON--(BUSINESS WIRE)--May. 19, 2009-- State Street Corporation (NYSE: STT) today announced the pricing of its previously announced offering of $500 million of 4.30% senior notes due May 30, 2014. These notes are not guaranteed under the Federal Deposit Insurance Corporation’s Temporary Liquidity Guarantee Program. The offering is being conducted as a public offering registered under the Securities Act of 1933, as amended.

The notes will be offered to the public at a price of 99.905% of principal amount. State Street estimates that the net proceeds from the offering will be approximately $498 million, after deducting estimated expenses and underwriting discounts and commissions. Subject to consultation with its banking regulators, State Street plans to notify the US Treasury of its intention to repurchase the US Treasury’s preferred stock and common stock purchase warrant investment in State Street under the TARP Capital Purchase Program. If permitted to do so, the company expects to repurchase the preferred stock and warrant with the proceeds of this offering and the offering of $2.0 billion of its common stock previously announced on May 18, 2009. State Street intends to use offering proceeds not used for this repurchase for general corporate purposes.

Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated are joint book-running managers for the offering.

State Street has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement (and the supplement thereto) and other documents State Street has filed with the SEC for more complete information about State Street and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, State Street, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by contacting Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY 10004, telephone: (866) 471-2526, facsimile: (212) 902-9316, email: prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: (866) 718-1649, email: prospectus@morganstanley.com.

This press release shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

State Street Corporation (NYSE: STT) is the world’s leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading.