Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 55

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 55
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 of security or failure or unavailability of our technology systems due to technological or other factors 
 and cybersecurity threats;                                                                                        |

| • |     | negative outcomes from claims or litigation; |

| • |     | failure or circumvention of our controls and procedures; |

| • |     | the occurrence of natural disasters, which may be exacerbated by climate change; |

| • |     | societal responses to climate change; |

| • |     | increased operational risks resulting from remote work; |

| • |     | evolving capital and liquidity standards under applicable regulatory rules; |

| • |     | disruption of the U.S. financial system, including the impact of inflation and a potential global economic 
 downturn or recession;                                                                                     |

| • |     | our ability to receive dividends from our subsidiaries, including KeyBank; |

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| • |     | unanticipated changes in our liquidity position, including but not limited to, changes in our access to or the 
 cost of funding and our ability to secure alternative funding sources;                                         |

| • |     | downgrades in our credit ratings or those of KeyBank; |

| • |     | a worsening of the U.S. economy due to financial, political or other shocks; |

| • |     | our ability to anticipate interest rate changes and manage interest rate risk; |

| • |     | uncertainty surrounding the transition from LIBOR to an alternate reference rate; |

| • |     | deterioration of economic conditions in the geographic regions where we operate; |

| • |     | the soundness of other financial institutions, including the impact from the recent bank failures; |

| • |     | our ability to manage our reputational risks; |

| • |     | our ability to timely and effectively implement our strategic initiatives; |

| • |     | increased competitive pressure; |

| • |     | our ability to adapt our products and services to industry standards and consumer preferences; |

| • |     | our ability to attract and retain talented executives and employees; |

| • |     | unanticipated adverse effects of strategic partnerships or acquisitions and dispositions of assets or businesses; 
 and                                                                                                               |

| • |     | our ability to develop and effectively use the quantitative models we rely upon in our business planning. |

These and other risk factors are more fully described in our Annual Report on Form 10-Kfor the year ended December 31, 2022, and Quarterly Report on Form 10-Qfor the quarter ended March 31, 2023,