PNC 5.5: First Pay: 2020-01-04; Redemption: 2025-01-01; Registration: Reg S Only; Comments: EUR600m bmk PNC5.5y RegS hybrid, IPTs 3%/3.25%, set 3%. Bk ~1.1bn. With PNC8.5y, 1.2bn, -/BB+. GCs Citi/Uni(B&D), +BAML/BNPP/DB/GS/JPM. After Eur/UK r/s Sep 18-20, 3mPC. Steps 25bp 4/2030, 75bp 4/2045. MS+338.8 / B+375.6 vs 0.5% 2/25 @106.93. FTT 8am Thurs (Source: IFR); PNC 8.5: First Pay: 2020-01-04; Redemption: 2028-01-01; Registration: Reg S Only; Comments: EUR600m bmk PNC8.5y RegS hybrid, IPTs 3.875% area, set 3.75% (3.625% cpn), bk ~950m, With 600m PNC5.5y, -/BB+. GCs Citi/Uni(B&D), +BAML/BNPP/DB/GS/JPM. After Eur/UK r/s Sep 18-20, 3mPC. Steps 25bp 4/2030, 75bp 4/2045. MS+399.6 / B+441.1 vs 0.5% 2/28 @110.05. FT 8am Thurs (Source: IFR);