Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 12

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 12
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th ownership interest in a share of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, without par value, with a liquidation                                       
 preference of $1,000 per share (equivalent to $25 per depositary share), of Comerica. Each holder of a depositary share will be entitled, through the depositary, in proportion to the applicable fraction of a share of Series B Preferred Stock 
 represented by such depositary share, to all the rights and preferences of the Series B Preferred Stock represented thereby (including dividend, voting, redemption and liquidation rights).                                                      |

| We may in the future from time to time, without notice to or consent of the holders of Series B Preferred Stock or the holders of the depositary shares, issue additional shares of the Series B Preferred Stock and                                      
 related depositary shares; provided, that any such additional shares of Series B Preferred Stock and related depositary shares may only be issued on a dividend payment date, will accrue dividends from the date they are issued, are not treated        
 as “disqualified preferred stock” within the meaning of Section 1059(f)(2) of the Internal Revenue Code of 1986, as amended (the “Code”) and are otherwise treated as fungible with the Series B Preferred Stock offered hereby                           
 for U.S. federal income tax purposes. The additional shares of Series B Preferred Stock would form a single series with the Series B Preferred Stock offered hereby. In the event we issue additional shares of Series B Preferred Stock, we will issue a 
 corresponding number of additional depositary shares.                                                                                                                                                                                                     |

| Dividends | We will pay dividends on the Series B Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board                                                                                     
 of directors. Dividends will be payable quarterly in arrears on the 1st day of January, April, July and October of each year, commencing on January 1, 2026 (long first dividend period).                                                  
 Dividends will accrue on the liquidation preference amount of $1,000 per share of the Series B Preferred Stock (equivalent to $25 per depositary share) (i) from the date of original issue to, but excluding, October 1, 2030 (the “First 
 Reset Date”) at a fixed rate per annum of 6.875%, and (ii) from, and including, the First Reset Date,