Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 1

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 1
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. Interest on the notes will be computed on the basis of a 360-dayyear of twelve 30-daymonths during the Fixed Rate Period. Interest on the notes will be computed on the basis of a 360-dayyear and actual number days in each interest period (or any other relevant period) during the Floating Rate Period. We have the option to redeem the notes, at the applicable times and at the applicable redemption price set forth under “Supplemental Information Concerning Description of Notes—Optional Redemption.” If the maturity date or an interest payment date with respect to the Fixed Rate Period for the notes is not a business day, we will pay principal, premium, if any, and interest for the notes on the next business day, and no interest will accrue from and after the maturity date or interest payment date. If an interest payment date with respect to the Floating Rate Period for the notes, other than the maturity date or a redemption date, is not a business day, such interest payment date will be postponed to the next business day, provided that if that business day falls in the next succeeding calendar month, such interest payment date will be the immediately preceding business day and in any such case the payment of interest due on such postponed or brought forward interest payment date will include interest accrued to but excluding such postponed or brought forward interest payment date. The notes are not subject to repayment at the option of the holder at any time prior to maturity and will not be subject to any sinking fund. Investing in the notes involves risk. See “ Risk Factors” beginning on page S-6of the accompanying prospectus supplement for certain information relevant to an investment in the notes, and the discussion of risk factors contained in our annual, quarterly and current reports filed with the Securities and Exchange Commission (the “SEC”) under the Securities Exchange Act of 1934, (the “Exchange Act”) which are incorporated by reference into the Prospectus and this pricing supplement. The notes are not savings accounts, deposits or other obligations of any of our bank or non-banksubsidiaries and are not insured or guaranteed by the Federal Deposit Insurance Corporation (the “FDIC”) or any other governmental agency. None of the SEC, any state securities commission, the Board of Governors of the Federal Reserve System or any other regulatory body have approved or disapproved of the notes or passed upon the adequacy or accuracy of the Prospectus and this pricing supplement. Any representation to the contrary is a criminal offense.

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