DATED MARCH 3, 2009
FILED PURSUANT TO RULE 433
REGISTRATION NO. 333-132606
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.