Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 8

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 8
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 CONCERNING PLAN OF DISTRIBUTION (CONFLICTS OF INTEREST) On February 25, 2025, we entered into an agreement with the underwriters identified below for the purchase and sale of the notes. We have agreed to sell to each of the underwriters, and each of the underwriters has agreed to purchase from us, the principal amount of the notes shown opposite its name below.

| Name                              |     | Principal 
 Amount    |             |
|:----------------------------------|:----|:----------|------------:|
| KeyBanc Capital Markets Inc.      |     | $         | 168,750,000 |
| BofA Securities, Inc.             |     |           | 168,750,000 |
| Goldman Sachs & Co. LLC           |     |           | 168,750,000 |
| RBC Capital Markets, LLC          |     |           | 168,750,000 |
| Barclays Capital Inc.             |     |           |  22,500,000 |
| TD Securities (USA) LLC           |     |           |  22,500,000 |
| AmeriVet Securities, Inc.         |     |           |   7,500,000 |
| Blaylock Van, LLC                 |     |           |   7,500,000 |
| Independence Point Securities LLC |     |           |   7,500,000 |
| Samuel A. Ramirez & Company, Inc. |     |           |   7,500,000 |
| Total                             |     | $         | 750,000,000 |

The underwriters propose initially to offer the notes to the public at the public offering price set forth on the cover page of this pricing supplement. We estimate that the total offering expenses for the notes, excluding the underwriting discount, will be approximately $425,000. We expect that delivery of the notes will be made to investors on or about March 4, 2025, which will be the fifth business day following the date hereof (such settlement being referred to as “T+5”). Under Rule 15c6-1under the Exchange Act, trades in the secondary market are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the business day before the delivery of the notes hereunder will be required, by virtue of the fact that the notes initially will settle in T+5