Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 102

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 102
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 You may exercise the repayment option for less than the entire principal of the note, provided the remaining principal outstanding is an authorized denomination. If you elect partial repayment, your note will be cancelled, and we will issue a new note or notes for the remaining amount. DTC or its nominee will be the holder of each global security and will be the only party that can exercise a right of repayment. If you are a beneficial owner of a global security and you want to exercise your right of repayment, you must instruct your broker or indirect participant through which you hold a note interest to notify DTC. You should consult your broker or such indirect participant to discuss the appropriate cut-offtimes and any other requirements for giving this instruction. The giving of any such instruction will be irrevocable. If a note is a discount note (other than an indexed note), the amount payable in the event of redemption or repayment prior to its stated maturity will be the amortized face amount on the redemption or repayment date, as the case may be. The amortized face amount of a discount note will be equal to (i) the issue price plus (ii) that portion of the difference between the issue price and the principal amount of the note that has accrued at the yield to maturity described in the pricing supplement. However, for this purpose, in no case will the amortized face amount of a discount note exceed its principal amount. See “Certain United States Federal Income Tax Considerations – U.S. Holders – Original Issue Discount.” We reserve the right at any time to purchase notes at any price in the open market or otherwise. We may hold, resell or surrender for cancellation any notes that we purchase. Subordination of Series T Notes Unless otherwise indicated in the applicable pricing supplement, the following provisions shall apply to the Series T notes and the subordinated indenture. Tier 2 Capital Debt Securities. Under our subordinated indenture, we may issue subordinated debt securities that qualify as Tier 2 capital, subject to certain limits, in accordance with the regulations of the Federal Reserve Board. Subordination Provisions. The Series T notes will be our direct unsecured subordinated obligations. The Series T notes will be subordinated and junior in right of payment to all Senior Indebtedness and in certain circumstances relating to our insolvency, bankruptcy, or similar case or proceeding, or our liquidation, dissolution or winding up or the receivership or conservatorship of KeyBank (an “insolvency event”) to all Other Senior Obligations. In addition