The Bank of New York Company, Inc. [LOGO]
The Bank of New York Company, Inc.
$1,000,000,000
The Bank of New York Company, Inc. CoreNotes(Registered Service Mark)
Filed under Rule 424 (b)(3), Registration Statement No. 333-103003,
333-103003-01, 333-103003-02, 333-103003-03 and 333-103003-04
Pricing Supplement No. 26 - dated March 12, 2004
(To prospectus dated March 6, 2003 and
prospectus supplement dated March 28, 2003)
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Aggregate Purchasing Proceeds
CUSIP Principal Price to Agent's Before
Number Amount Public(1) Discount(1) Expenses(1)
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06406JEV3 $5,027,000 100% 2.00% 98.00%
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Interest Interest Stated
Rate Per Payment Maturity Survivor's
Annum Frequency Date Option
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5.00% Semiannual 03/15/2019 YES
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Senior Subordinated Medium-Term Notes Series F
Interest Payment Dates: The 15th day of March and September of each year
commencing 09/15/2004.
Redemption Information: Redeemable at the option of The Bank of New York
Company, Inc. on 03/15/2007 and each Interest Payment
Date thereafter, at a price equal to 100% on 30
calendar days notice.
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Aggregate Purchasing Proceeds
CUSIP Principal Price to Agent's Before
Number Amount Public(1) Discount(1) Expenses(1)
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06406JEW1 $3,047,000 100% 2.50% 97.50%
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Interest Interest Stated
Rate Per Payment Maturity Survivor's
Annum Frequency Date Option
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5.20% Semiannual 03/15/2029 YES
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Senior Subordinated Medium-Term Notes Series F
Interest Payment Dates: The 15th day of March and September of each year
commencing 9/15/2004.
Redemption Information: Redeemable at the option of The Bank of New York
Company, Inc. on 03/15/2009 and each Interest Payment
Date thereafter, at a price equal to 100% on 30
calendar days notice.
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The Bank of New York Company, Inc.
One Wall Street
New York, New York 10286
Trade Date: 03/12/2004
Issue Date: 03/17/2004
Minimum Denominations/Increments: $1,000/$1,000
Original Issue Discount: No
All trades settle without accrued interest and clear SDFS: DTC Book-Entry only
Merrill Lynch DTC Participant Number: 161
The defeasance and covenant defeasance provisions of the Senior Indenture and
the Senior Subordinated Indenture described under "Description of Senior Debt
Securities and Senior Subordinated Debt Securities - Defeasance and Covenant
Defeasance" in the Prospectus will apply to the Senior and Senior Subordinated
Notes respectively.
(1) Expressed as a percentage of the aggregate principal amount
"CoreNotes(Registered Service Mark)" is a registered service mark of Merrill
Lynch & Co., Inc.
Merrill Lynch & Co.
Purchasing Agent
Acting as Principal
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