STATE STREET CORP — Capital/Financing Update 2011

Mar 3, 2011

FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

FILED PURSUANT TO RULE 433

REGISTRATION STATEMENT NO. 333-157882

DATED MARCH 2, 2011

STATE STREET CORPORATION

$750,000,000 4.375% Senior Notes due 2021

Final Pricing Details

Issuer:	State Street Corporation
Security:	4.375% Senior Notes due March 7, 2021
Aggregate Principal Amount:	$750,000,000
Trade Date:	March 2, 2011
Settlement Date (T+3):	March 7, 2011
Maturity Date:	March 7, 2021
Coupon:	4.375%
Price to Public (Issue Price):	99.655%
Yield to Maturity:	4.418%
Pricing Benchmark:	UST 3.625% Notes due February 15, 2021
UST Spot (Yield):	3.468%
Spread to Benchmark:	+ 95 basis points
Interest Payment Period:	Semi-annually
Interest Payment Dates:	Each March 7 and September 7, commencing on September 7, 2011
Day Count Convention:	30/360
Business Day Convention:	Following, Unadjusted
Denominations:	Minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof
Currency:	U.S. Dollars
CUSIP:	857477 AG8
ISIN:	US857477AG82
Expected Ratings 1 :	Standard & Poor’s: A+ Moody’s: A1 Fitch: A+ DBRS: AA (low)
Joint Book-Running Managers:	Morgan Stanley & Co. Incorporated Merrill Lynch, Pierce, Fenner & Smith Incorporated
Co-Managers:	Barclays Capital Inc. Credit Suisse Securities (USA) LLC Lloyds
Securities Inc.
Junior Co-Managers:	Muriel Siebert & Co., Inc. The Williams Capital Group, L.P.

All terms used and not otherwise defined in this final term sheet have the respective meanings assigned to such terms in the preliminary prospectus supplement.

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 Morgan Stanley & Co. Incorporated at 1-866-718-1649 or Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322.

1 A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.