Company: HBAN
Filing Date: 2025-09-11
Form Type: 424B2
Source: 0001193125-25-200581
Chunk: 10

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-09-11
Form: 424B2
Chunk 10
---
                               |

| Redemption | We may redeem the Preferred Stock at our option, (i) in whole or in part, from time to time, on any dividend payment date on or after the First Reset Date or (ii) in whole but not in part, within 90 days following a regulatory capital              
 treatment event (as defined under “Description of the Preferred Stock—Redemption upon a Regulatory Capital Treatment Event”), in each case, at a redemption price equal to $100,000 per share (equivalent to $1,000 per depositary                      
 share), plus any authorized, declared and unpaid dividends, without accumulation of undeclared dividends, except in the case of a redemption following a regulatory capital treatment event, the pro-rated                                              
 portion of dividends, whether or not declared, for the dividend period in which such redemption occurs. If we redeem the Preferred Stock, the depositary will redeem a proportional number of depositary shares. Neither the holders of Preferred Stock 
 nor holders of depositary shares will have the right to require the redemption or repurchase of the Preferred Stock.                                                                                                                                    |

| Any redemption of the Preferred Stock is subject to our receipt of any required prior approval by the Federal Reserve and to the satisfaction of any conditions set forth in the capital standards, guidelines or 
 regulations of the Federal Reserve applicable to redemption of the Preferred Stock.                                                                                                                               |

| Maturity | The Preferred Stock does not have a maturity date, and we are not required to redeem the Preferred Stock. Accordingly, the Preferred Stock and the related depositary shares will remain outstanding indefinitely, unless and until we decide to 
 redeem it.                                                                                                                                                                                                                                       |

| Liquidation Rights | Upon our voluntary or involuntary liquidation, dissolution or winding-up, holders of the Preferred Stock will be 
 entitled to receive,                                                                                             |

S-3

| out of our assets that are legally available for distribution to stockholders, before any distribution is made to holders of our common stock or other junior securities, a liquidating                                                                 
 distribution in the amount of $100,000 per share of the Preferred Stock (equivalent to $1,000 per depositary share) plus any authorized and declared but unpaid dividends, without accumulation of any undeclared dividends. Distributions will be made 
 pro rata as to the Preferred Stock and any other parity securities and only to the extent of our assets, if any, that are available after satisfaction of all liabilities to creditors.                                                                 |

| Voting Rights | Holders of the Preferred Stock will have no voting rights, except with respect to certain fundamental