Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 63

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 63
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 ERISA and Section 4975(d)(20) of the Code provide relief from the prohibited transaction provisions of ERISA and Section 4975 of the Code for certain transactions between a Covered Plan and
a person that is a party in interest and/or a disqualified person (other than a fiduciary or an affiliate that, directly or indirectly, has or exercises any discretionary authority or control or renders any investment advice with respect to the
assets of any Covered Plan involved in the transaction) solely by reason of providing services

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to the Covered Plan or by relationship to a service provider, provided that the Covered Plan receives no less, nor pays no more than adequate consideration in connection with the transaction.
Each of the above-noted exemptions contains conditions and limitations on its application.

Fiduciaries of Covered Plans considering
acquiring and/or holding the depositary shares in reliance on these or any other exemption should carefully review the exemption to assure it is applicable. There can be no assurance that any of these exemptions will be available with respect to the
acquisition or holding of the depositary shares.

While as a general rule Plans that are governmental plans (as defined in
Section 3(32) of ERISA) (“Governmental Plans”), church plans (as defined in Section 3(33) of ERISA) that have not made an election under Section 410(d) of the Code (“Church Plans”) and non-U.S. plans (as described in Section 4(b)(4) of ERISA) are not subject to the requirements of ERISA or Section 4975 of the Code, including the prohibited transaction requirements of Section 406 of
ERISA or Section 4975(c) of the Code, such Plans may nevertheless be subject to Similar Laws that include similar requirements. A fiduciary of a Governmental Plan, a Church Plan or a non-U.S. Plan should
make its own determination as to the requirements, if any, under any Similar Law applicable to the acquisition of the depositary shares.

Because of the foregoing, the depositary shares should not be acquired or held by any person investing “plan assets” of any Plan,
unless such acquisition and holding will not constitute a non-exempt prohibited transaction under ERISA and the Code or a similar violation of any applicable Similar Laws.

Representation

Accordingly, by
acceptance of any depositary share, each purchaser and subsequent transferee will be deemed to have represented and warranted that, at all relevant times, either (i) no portion