Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 47

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 47
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 held by the depositary, the depositary will redeem, as of the same redemption date,
the number of depositary shares representing shares of Series B Preferred Stock so redeemed.

In case of any redemption of less than all
of the outstanding depositary shares, the depositary shares to be redeemed will be selected by the depositary pro rata or by lot or in such other manner as Comerica may determine to be fair and equitable. In any such case, the depositary will redeem
depositary shares only in increments of 40 shares and any multiple thereof.

Liquidation Preference

In the event that we liquidate, dissolve or wind-up our business and affairs, either voluntarily or
involuntarily, each holder of a depositary share will be entitled to receive a liquidation distribution of $25 per depositary share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends, before we make any
distribution of assets to the holders of our common stock or any other class or series of stock ranking junior to the Series B Preferred Stock as to that distribution.

Voting the Series B Preferred Stock

When
the depositary receives notice of any meeting at which the holders of the Series B Preferred Stock are entitled to vote, the depositary will mail (or otherwise transmit by an authorized method) the information contained in the notice to the record
holders of the depositary shares representing the Series B Preferred Stock. Each record holder of the depositary shares on the record date, which will be the same date as the record date for the Series B Preferred Stock, may instruct the depositary
to vote the amount of the Series B Preferred Stock represented by the holder’s depositary shares. To the extent possible, the depositary will vote the amount of the Series B Preferred Stock represented by depositary shares in accordance with
the instructions it receives, provided that the depositary receives such instructions sufficiently in advance of such voting to enable it to so vote or cause such Series B Preferred Stock to be voted. We will agree to take all reasonable actions
that the depositary determines are necessary to enable the depositary to vote as instructed. If the depositary does not receive specific instructions from the holders of any depositary shares representing the Series B Preferred Stock, it will not
vote (but, at its discretion, may appear at any meeting with respect to the Series B Preferred Stock unless directed to the contrary by the holders of all of the depositary shares) to the extent of the Series B Preferred Stock represented by the