Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 141

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 141
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 Tax Compliance Act”, a non-U.S.holder will not be subject to United States federal income tax (at graduated rates) or withholding tax (generally at a rate of 30%) on payments of principal, premium, if any, or interest (including original issue discount, if any) on a note, unless income from the note is effectively connected with the conduct by the non-U.S.holder of a trade or business within the United States (and, in the case of an applicable tax treaty, is attributable to the non-U.S.holder’s “permanent establishment” or “fixed base” within the United States), or unless the non-U.S.holder does not qualify for the “portfolio interest exemption.” Generally, a non-U.S.holder will qualify for the portfolio interest exemption if it meets certain certification requirements and is not:

| • |     | a shareholder owning actually or constructively 10% or more of the total combined voting power of all classes of                                             
 stock of the corporation that issued the note that are entitled to vote within the meaning of Section 881(c)(3)(B) of the Code and the Treasury Regulations, |

| • |     | a controlled foreign corporation related directly or indirectly to the corporation that issued the note, or |

| • |     | a bank receiving such interest in the manner described in Section 881(c)(3)(A) of the Code. |

The certification requirement referred to above will be fulfilled if the beneficial owner of a note certifies on IRS Form W-8BENor W8BEN-E,as applicable, or other successor form, under penalties of perjury, that it is not a United States person and provides its name and address, and

| • |     | the beneficial owner provides IRS Form W-8BEN or W8BEN-E, as applicable, or other successor form to the United States payor (i.e., the withholding agent), |

| • |     | in the case of a note held on behalf of the beneficial owner by a securities clearing organization, bank, or                                                                                              
 other financial institution holding customers’ securities in the ordinary course of its trade or business, the financial institution certifies to the withholding agent that it has received the IRS Form 
 W-8BEN or W8BEN-E, as applicable, or other successor form from the holder and furnishes the withholding agent with a copy thereof, or                                                                     |

| • |     | in the case of a note held on behalf of the beneficial owner by