Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 24

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 24
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 Stock may be redeemed by us at our option either, (i) in whole or in part, on any dividend
payment date on or after the First Reset Date, or (ii) in whole but not in part, at any time within 90 days following a regulatory capital treatment event. Any decision we may make at any time to propose a redemption of the Series B Preferred
Stock will depend upon, among other things, our evaluation of our capital position, considered in light of our risk exposures, the composition of our shareholders’ equity, our earnings and growth strategy and general market conditions at that
time.

We have the right, upon the occurrence of certain events, to redeem the Series B Preferred Stock prior to the First Reset Date.

Although the terms of the Series B Preferred Stock have been established to satisfy the criteria for “additional Tier 1 capital”
instruments consistent with Basel III as set forth in the joint final rulemaking issued in July 2013 by the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency, it is possible that the Series B Preferred Stock may not satisfy
the criteria set forth in future rulemaking or interpretations. As a result, a “regulatory capital treatment event” could occur whereby we would have the right, subject to any required prior approval of the Federal Reserve (or any
successor bank regulatory authority that may become our applicable federal banking agency), to redeem the Series B Preferred Stock in accordance with its terms prior to

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the First Reset Date, at a redemption price equal to $1,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid cash dividends, without accumulation of any undeclared
cash dividends.

Our right to redeem the Series B Preferred Stock is subject to certain limitations, including any required prior approval of the Federal Reserve.

Any redemption of the Series B Preferred Stock will be subject to our receipt of required prior approval by the
Federal Reserve (or any successor bank regulatory authority that may become our applicable federal banking agency), if any, and to the satisfaction of conditions set forth in the capital adequacy guidelines or regulations of the Federal Reserve (or
any successor bank regulatory authority that may become our applicable federal banking agency) applicable to redemption of the Series B Preferred Stock, if any. Under the Federal Reserve’s current risk- based capital rules applicable to bank
holding companies, any redemption of the Series B Preferred Stock is subject to prior approval of the Federal Reserve. We cannot assure you that the Federal