Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 40

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 40
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 applicable record date for a dividend period will not be paid to the holder entitled to receive the redemption price on the redemption date, but rather will be paid to the holder of record of the redeemed shares on such record date relating to the applicable dividend payment date. Any redemption of the Series B Preferred Stock will be subject to our receipt of required prior approval by the Federal Reserve (or any successor bank regulatory authority that may become our applicable federal banking agency), if any, and to the satisfaction of conditions set forth in the capital adequacy guidelines or regulations of the Federal Reserve (or any successor bank regulatory authority that may become our applicable federal banking agency) applicable to redemption of the Series B Preferred Stock, if any. S-26

Liquidation Rights

In the event we liquidate, dissolve or wind-up our business and affairs, either voluntarily or
involuntarily, holders of the Series B Preferred Stock are entitled to receive a liquidation distribution of $1,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared
dividends, before we make any distribution of assets to the holders of our common stock or any other class or series of stock ranking junior to the Series B Preferred Stock as to that distribution. The holders of the Series B Preferred Stock will
not be entitled to any other amounts from us after it has received its full liquidation distribution.

In any such distribution, if the
assets of Comerica are not sufficient to pay the liquidation distribution described above in full to the holders of the Series B Preferred Stock and all holders of any class or series of stock ranking on parity with the Series B Preferred Stock as
to such distribution, the amounts paid to the holders of Series B Preferred Stock and all holders of such parity stock will be paid pro rata in accordance with the respective aggregate liquidation distribution owed to those holders. If the
liquidation distribution described above has been paid in full to the holders of Series B Preferred Stock and the holders of such parity stock, the holders of any other class or series of stock ranking junior to the Series B Preferred Stock as to
such distribution will be entitled to receive all remaining assets of Comerica according to their respective rights and preferences.

For
purposes of this section, the sale, conveyance, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or substantially all of the property and assets of Comerica will not be deemed a voluntary or involuntary