Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 48

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 48
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depositary shares.

Withdrawal of Preferred Stock

Unless the related depositary shares have previously been called for redemption, any holder of depositary shares may receive the number of
whole shares of Series B Preferred Stock and any money and other property represented by such depositary receipts after surrendering the depositary receipts at the office of the depositary. Thereafter, without unreasonable delay, the depositary will
deliver to such holder, or to the person or persons designated by such holder, the number of whole shares of Series B Preferred Stock and all money and other property, if any, represented by the depositary receipt or receipts so surrendered for
withdrawal.

However, holders of such whole shares of Series B Preferred Stock will not be entitled to deposit such Series B Preferred
Stock under the deposit agreement or to receive depositary receipts for such Series B Preferred Stock after such withdrawal. If the depositary shares surrendered by the holder in connection with such withdrawal exceed the number of depositary shares
that represent the number of whole shares of Series B Preferred Stock to be withdrawn, the depositary will deliver to such holder at the same time a new depositary receipt evidencing such excess number of depositary shares. The depositary will not
issue fractional shares of Series B Preferred Stock (or any cash payment in lieu thereof).

S-32

Amendment and Termination of the Deposit Agreement

The form of depositary receipt evidencing the depositary shares and any provision of the deposit agreement may at any time be amended by
agreement between us and the depositary. However, any amendment that materially and adversely alters the right of the holders of depositary shares will not be effective unless such amendment has been approved by the holders of depositary receipts
representing in the aggregate at least a two-thirds majority of the depositary shares then outstanding. Every holder of an outstanding depositary receipt at the time any such amendment becomes effective, or
any transferee of such holder, shall be deemed, by continuing to hold such depositary receipt, to consent and agree to such amendment and to be bound by the deposit agreement, that has been amended thereby.

The deposit agreement may be terminated by us or the depositary only if (i) all outstanding depositary shares issued thereunder have been
redeemed pursuant to the deposit agreement, (ii) a final distribution in respect of the Series B Preferred Stock has been made in connection with any liquidation, dissolution or winding up of Comerica and such distribution has been distributed
to the holders of the depositary