Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 143

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 143
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 on interest (including original issue discount) on a note and on any gain realized on the sale, retirement or other taxable disposition of a note in the same manner as if the non-U.S.holder were a U.S. holder (without regard to the tax on net investment income described above). See “—U.S. Holders” above. In lieu of the Form W-8BENor W-8BEN-Edescribed above, the non-U.S.holder will be required to provide to the applicable withholding agent a properly executed IRS Form W-8ECIor other successor form to claim an exemption from the withholding tax discussed in the preceding paragraphs. If the non-U.S.holder is a foreign corporation, it may also be subject to a 30% branch profits tax on its effectively connected earnings and profits for the taxable year, subject to certain adjustments. For purposes of the branch profits tax, interest (including original issue discount) or any gain recognized on the sale, retirement or other taxable disposition of a note will be included in the non-U.S.holder’s effectively connected earnings and profits if the interest or gain, as the case may be, is effectively connected with the conduct by the non-U.S.holder of a trade or business in the United States. Sale, Retirement or Other Taxable Disposition of a Note Subject to the discussions below under “—Backup Withholding and Information Reporting” and “—Foreign Account Tax Compliance Act,” generally, a non-U.S.holder will not be subject to United States federal income or withholding tax on any amount of capital gain recognized by the non-U.S.holder upon a sale, retirement or other disposition of a note, provided:

| • |     | the capital gain is not effectively connected with the conduct of a trade or business in the United States by the                      
 non-U.S. holder (or, in the case of a non-U.S. holder eligible for benefits under an applicable tax treaty, is not attributable to the 
 non-U.S. holder’s “permanent establishment” or “fixed base” within the United States), and                                             |

| • |     | in the case of an individual, the non-U.S. holder is not present in the                                                                                        
 United States for 183 days or more in the taxable year in which the sale, retirement or other disposition takes place or certain other conditions are not met. |

If a non-U.S.holder is described in the first bullet point, see “—Income Effectively Connected with the Conduct of a United