Filed under Rule 424 (b)(3), Registration Statement No. 333-103003,
333-103003-01, 333-103003-02, and 333-103003-03
Pricing Supplement No. 121 - dated January 13, 2006
(To prospectus dated August 10, 2004 and
prospectus supplement dated August 10, 2004)
The Bank of New York Company, Inc. [LOGO]
The Bank of New York Company, Inc.
$529,297,000
The Bank of New York Company, Inc. CoreNotes(Registered Service Mark)
=================================================================
Aggregate Purchasing Proceeds
CUSIP Principal Price to Agent's Before
Number Amount Public(1) Discount(1) Expenses(1)
=================================================================
0640P1FN8 $7,490,000 100% 2.00% 98.00%
-----------------------------------------------------------------
=================================================================
Interest Interest Stated
Rate Per Payment Maturity Survivor's
Annum Frequency Date Option
=================================================================
5.60% Semiannual 01/15/2021 YES
-----------------------------------------------------------------
Senior Subordinated Medium-Term Notes Series F
Interest Payment Dates: The 15th day of January and July of each year
commencing 07/15/2006.
Redemption Information: Redeemable at the option of The Bank of New York
Company, Inc. on 01/15/2009 and each Interest Payment
Date thereafter, at a price equal to 100% on 30
calendar days notice.
=================================================================
Aggregate Purchasing Proceeds
CUSIP Principal Price to Agent's Before
Number Amount Public(1) Discount(1) Expenses(1)
=================================================================
0640P1FP3 $2,374,000 100% 2.50% 97.50%
-----------------------------------------------------------------
=================================================================
Interest Interest Stated
Rate Per Payment Maturity Survivor's
Annum Frequency Date Option
=================================================================
5.65% Semiannual 01/15/2031 YES
-----------------------------------------------------------------
Senior Subordinated Medium-Term Notes Series F
Interest Payment Dates: The 15th day of January and July of each year
commencing 07/15/2006.
Redemption Information: Redeemable at the option of The Bank of New York
Company, Inc. on 01/15/2011 and each Interest Payment
Date thereafter, at a price equal to 100% on 30
calendar days notice.
-----------------------------------------------------------------
The Bank of New York Company, Inc.
One Wall Street
New York, New York 10286
Trade Date: 01/13/2006
Issue Date: 01/19/2006
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
===============================================================================