Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 67

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 67
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 of the depository shares is completed, SEC rules may limit underwriters and selling group members from bidding for and
purchasing the depository shares. However, in connection with the offering, the underwriters may engage in transactions that stabilize the market price of the depositary shares. The underwriters may bid for or purchase and sell the depository shares
in the open market. If the underwriters create a short position in the depositary shares in connection with the offering, i.e., if they sell more depositary shares than are listed on the cover page of this prospectus supplement, the underwriters may
reduce that short position by purchasing depositary shares in the open market. The underwriters’ purchases of depositary shares to stabilize the price or to reduce a short position may have the effect of raising or maintaining the market price
of the depositary shares or preventing or retarding a decline in the market price of the depository shares.

The underwriters also may
impose a penalty bid. This occurs when a particular underwriter repays to the underwriters a portion of the underwriting discount received by it because the representatives have repurchased depositary shares sold by or for the account of such
underwriter in stabilizing or short covering transactions. Neither we nor the underwriters make any representation or prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of the
depositary shares. In addition, neither we nor the underwriters make any representation that the underwriters will engage in these transactions or that these transactions, once commenced, will not be discontinued without notice.

The underwriters and their respective affiliates are full service financial institutions engaged in various activities, which may include
securities trading, commercial and investment banking, financial advisory, investment management, investment research, principal investment, hedging, market making, brokerage and other financing and
non-financial activities and services. Some of the underwriters and their affiliates have engaged in, and may in the future engage in, investment banking and other commercial dealings in the ordinary course of
business with us or our affiliates. They have received, or may in the future receive customary fees and commissions for these transactions.

In addition, in the ordinary course of their business activities, the underwriters and their affiliates may make or hold a broad array of
investments, including serving as counterparties to certain derivative and hedging arrangements, and may actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their