Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 144

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 144
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 States Trade or Business” above. If a non-U.S.holder is described in the second bullet point, the non-U.S.holder generally will be subject to United States federal income tax at a rate of 30% on the amount by which the non-U.S.holder’s capital gains allocable to United States sources, including gain from such disposition, exceed any capital losses allocable to United States sources, except as otherwise required by an applicable income tax treaty. Backup Withholding and Information Reporting Beneficial owners should consult their tax advisors regarding the application of information reporting and backup withholding in their particular situations, the availability of an exemption therefrom, and the procedure for obtaining an exemption, if available. Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules from a payment to a beneficial owner would be allowed as a refund or a credit against the beneficial owner’s United States federal income tax provided the beneficial owner furnishes the required information to the IRS in a timely manner. S-88

U.S. Holders Information reporting will apply and backup withholding of United States federal income tax may apply currently at a rate of 24% to payments of principal, premium, if any, and interest (including original issue discount), in respect of notes and to certain payments of proceeds of the sale or retirement of notes to U.S. holders who are not “exempt recipients” and who fail to certify certain identifying information (e.g., the U.S. holder’s taxpayer identification number) in the required manner. Generally, individuals are not exempt recipients, whereas corporations and certain other entities may be exempt recipients. Payments made in respect of the notes to a U.S. holder must be reported to the IRS, unless the U.S. holder establishes that it is an exempt recipient or otherwise establishes an exemption. Non-U.S.Holders Backup withholding and information reporting will not apply to payments of interest made by the withholding agent to a non-U.S.holder of a note if the non-U.S.holder meets the identification and certification requirements described above under “Non-U.S.Holders—Interest Payments and Withholding Tax,” or otherwise establishes an exemption, provided, in each case, that the withholding agent does not have actual knowledge or reason to know that the beneficial owner is a United States person that is not an exempt recipient. Copies of the information returns reporting such interest payments and any withholding may also be made available to the authorities in the country in which the non-U.S.holder resides or is organized under the provisions of an applicable income tax treaty