Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 81

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 81
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 of any securities offered under this prospectus in the manner and for the purposes set forth
in the applicable prospectus supplement.

DESCRIPTION OF CAPITAL STOCK

General

The following description of Comerica
Incorporated’s capital stock is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to Comerica’s Restated Certificate of Incorporation, as amended (the “Certificate of
Incorporation”) and Amended and Restated Bylaws (the “Bylaws”), which are incorporated by reference as exhibits to the Registration Statement. We encourage you to read the Certificate of Incorporation, the Bylaws and the applicable
provisions of Delaware General Corporation Law for additional information.

Authorized Capital Stock

Comerica’s authorized capital stock consists of 325,000,000 shares of common stock, par value $5.00 per share (“Common Stock”), and 10,000,000
shares of preferred stock, without par value. As of September 30, 2023, Comerica had issued 4,000 shares of preferred stock as 5.625% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A
(the “Series A preferred stock”).

Common Stock

As of October 26, 2023, Comerica had outstanding 131,872,812 shares of its Common Stock. In addition, as of September 30, 2023, its shareholders had
authorized approximately 4,378,494 shares of Common Stock for issuance upon conversion or exercise of outstanding stock options or payment of other compensatory awards.

Dividend Rights

Subject to applicable regulatory
requirements, holders of Common Stock are entitled to receive dividends when, as and if declared by the Comerica board of directors out of any funds legally available for dividends. Comerica pays dividends on Common Stock only if it has paid or
provided for all dividends on any outstanding class or series of Comerica preferred stock (including the Series A preferred stock and any other class or series of Comerica preferred stock that it may authorize in the future), and, in the case of any
cumulative Comerica preferred stock, all prior periods.

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Liquidation Rights

Holders of Common Stock are also entitled, upon the liquidation of Comerica, and after claims of creditors and preferences of Comerica preferred stock, and any
other class or series of Comerica preferred stock outstanding at the time of liquid