Company: HBAN
Filing Date: 2025-09-11
Form Type: 424B2
Source: 0001193125-25-200581
Chunk: 48

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-09-11
Form: 424B2
Chunk 48
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 provide that such class or series will rank on a parity with the Series J Preferred Stock as to dividend rights and rights on our liquidation, winding up and dissolution and (ii) senior to our common stock and each other class or series of preferred stock we may issue in the future the terms of which do not expressly provide that it ranks on a parity with or senior to the Series J Preferred Stock as to dividend rights and rights on our liquidation, winding-upand dissolution. The Series J Preferred Stock does not entitle the holder to any preemptive or conversion rights. Dividends on the Series J Preferred Stock are payable quarterly in arrears, when, as and if authorized by our board of directors and declared by us, out of legally available funds, on a non-cumulativebasis. Dividends accrue on the $1,000 per share liquidation preference at a rate equal to 6.875% from the issue date, but excluding April 15, 2028, and from April 15, 2028 and every fifth anniversary thereafter, the five-year treasury rate as of the most recent reset dividend determination date (as defined in the articles supplementary creating the Series J Preferred Stock) plus 2.704%, payable quarterly, in arrears, on January 15, April 15, July 15 and October 15 of each year, commencing on July 15, 2023. The Series J Preferred Stock is redeemable, in whole or in part, from time to time, at our option on any dividend payment date on or after April 15, 2028, at a redemption price equal to the liquidation preference, plus any authorized, declared and unpaid dividends, without accumulation of undeclared dividends. The holders of the Series J Preferred Stock do not have the right to require the redemption or repurchase of the Series J Preferred Stock. The Series J Preferred Stock is also redeemable, in whole but not in part, within ninety (90) days following a regulatory capital treatment event (as defined in the articles supplementary creating the Series J Preferred Stock) at a redemption price equal to the liquidation preference, plus the sum of (i) any authorized, declared and unpaid dividends from the prior dividend period and (ii) the pro-ratedportion of unpaid dividends, whether or not declared, for the dividend period in which such redemption occurs. Redemption or repurchase of Series J Preferred Stock is subject to receipt of prior approval of the Federal Reserve or other appropriate federal banking agency. Except as