Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 28

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 28
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 secondary market.

Our future offerings of Series B Preferred Stock may adversely affect the value of the depositary shares representing the Series B Preferred Stock.

We may issue additional shares of Series B Preferred Stock and/or other classes or
series of preferred stock. The issuance of additional shares of preferred stock on parity with or senior to the Series B Preferred Stock with respect to the payment of dividends and the distribution of assets upon liquidation, dissolution or winding
up could reduce the amounts we may have available for distribution to holders of the depositary shares representing the Series B Preferred Stock. None of the provisions relating to the Series B Preferred Stock or the depositary shares representing
the Series B Preferred Stock contain any provisions affording holders of the depositary shares representing the Series B Preferred Stock protection in the event of a highly leveraged or other transaction, including the merger or sale, lease or
conveyance of all or substantially all of our assets or businesses, that might adversely affect the value of the depositary shares representing the Series B Preferred Stock.

Our credit ratings may not reflect all risks of an investment in the depositary shares representing the Series B Preferred Stock or Series B Preferred Stock.

The credit ratings assigned to the depositary shares representing the Series B Preferred Stock or Series B Preferred Stock
may not reflect the potential impact of all risks related to structure and other factors on any trading market for, or trading value of, the depositary shares representing the Series B Preferred Stock or Series B Preferred Stock. In addition, real
or anticipated changes in our credit ratings generally will affect any trading market for, or trading value of, the depositary shares or Series B Preferred Stock. Accordingly, you should consult your own financial and legal advisors as to the risks
entailed by an investment in the depositary shares and the suitability of investing in the depositary shares in light of your particular circumstances.

A downgrade, suspension or withdrawal of any rating assigned by a rating agency to us or our securities, including the depositary shares and the Series B Preferred Stock, could cause the liquidity or trading price of the depositary shares to decline significantly.

Real or
anticipated changes in the credit ratings assigned to the depositary shares, the Series B Preferred Stock or our credit ratings generally could affect the trading price of the depositary shares. Credit ratings are not a recommendation to buy, sell
or hold any security, and may be revised or withdrawn at any time by the issuing organization in its sole discretion. In addition, credit rating agencies continually review their ratings for the companies that they follow,