Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 79

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 79
---
 prohibited from being used or that its use will be subject to restrictions or adverse consequences; or |

| (e) | a public statement by the supervisor of the administrator of the relevant reference rate that, in the view of 
 such supervisor, such reference rate is no longer representative of an underlying market; or                  |

| (f) | it has or will become unlawful for the calculation agent or us to calculate any payments due to be made to any                           
 holder using the relevant reference rate (including, without limitation, under the Benchmarks Regulation (EU) 2016/1011, if applicable), |

provided that the Benchmark Event shall be deemed to occur only (i) in the case of paragraphs (b) and (c) above, on the date of the cessation of the relevant reference rate or the discontinuation of the reference rate, as the case may be, (ii) in the case of paragraph (d) above, on the date of prohibition of use of the reference rate and (iii) in the case of paragraph (e) above, on the date with effect from which the reference rate will no longer be (or will be deemed by the relevant supervisor to no longer be) representative of its relevant underlying market and which is specified in the public statement, and, in each case, not the date of the relevant public statement. “euro-zone” means, at any time, the region comprised of the member states of the European Economic and Monetary Union that, as of that time, have adopted a single currency in accordance with the Treaty on European Union of February 1992. “Independent Financial Adviser” means an independent financial institution of international repute or other independent financial adviser experienced in the international debt capital markets, in each case appointed by us. “Relevant Nominating Body” means, in respect of a benchmark or screen rate (as applicable):

| • |     | the European Union, the central bank, reserve bank, monetary authority or similar institution for the currency to                                                                                                         
 which the benchmark or screen rate (as applicable) relates, or any central bank or other supervisory authority which is responsible for supervising the administrator of the benchmark or screen rate (as applicable); or |

| • |     | any working group or committee sponsored by, chaired or co-chaired by or                                                                                                                                                                      
 constituted at the request of (a) the central bank for the currency to which the benchmark or screen rate (as applicable) relates, (b) any central bank or other supervisory authority which