Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 146

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 146
---
 neither the issuer nor any paying agent nor any other person would be required, pursuant to the terms of the notes, to pay additional
amounts with respect to any notes as a result of the deduction or withholding of such tax.

Each
non-U.S. holder should consult its own tax advisor regarding the application of FATCA to the ownership and disposition of the notes.

The United States federal income tax summary discussion set forth above is included for general information only and may not be applicable depending upon a holder’s particular situation. Prospective holders should consult their own tax advisors with respect to the tax consequences to them of the purchase, ownership and other disposition of the notes, including the tax consequences under United States federal income tax laws, state, local, non-UnitedStates and other tax laws and the possible effects of changes in such laws.

S-90

PLAN OF DISTRIBUTION

(CONFLICTS OF INTEREST)

We are offering the notes on a continuous basis through Goldman Sachs & Co. LLC, Barclays Capital Inc., BofA Securities, Inc.,
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, UBS Securities LLC and Wells Fargo
Securities, LLC. The Agents have agreed to use their reasonable efforts to solicit orders to purchase the notes. We may also appoint other agents in the future. Unless otherwise agreed by us and the Agents, we will have the sole right to accept
offers to purchase notes and we may reject any proposed purchases of the notes in whole or in part. The Agents also have the right, using their reasonable discretion, to reject any proposed purchase of the notes in whole or in part. We will pay an
Agent, in connection with sales of the notes resulting from a solicitation that an Agent made or an offer to purchase that an Agent received, a commission as agreed between us and an Agent at the time of such sale. Actual commissions payable in
respect of any sale of such notes will be specified in the applicable pricing supplement.

We may also sell the notes to an Agent or other
person, as principal, for resale or other distribution by such Agent or person at varying prices related to prevailing market prices as will be determined by such Agent or person at the time of such resale or other distribution, which prices may be
higher or lower than the price to the public set forth herein, or if specified in the applicable pricing supplement,