Company: KEY-PI
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036859
Chunk: 14

Company: KEYCORP /NEW/
Filing Date: 2025-02-26
Form: 424B5
Chunk 14
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 S notes will rank equally with all of our other unsecured and unsubordinated indebtedness that is not accorded a priority under applicable law. The Series T notes will be subordinated in right of payment to the prior payment in full 
 of our senior indebtedness and, in certain insolvency events, other senior obligations as defined and described in the indenture for the notes. See “Description of Notes—General.”                                                                 |

| Maturity | Unless otherwise specified in the applicable pricing supplement, each note will mature on a stated maturity date nine months or more from its date of issue. Notes may be renewable or extendible. |

| Interest | Each note will bear interest from its issue date at a fixed or floating interest rate, as specified in the applicable pricing supplement. Notes may also                                               
 be issued as zero-coupon notes without cash interest. We may base the floating interest rate on one or more of the following indices, plus or minus an applicable spread and/or multiplied by a spread 
 multiplier, or such other interest basis or interest rate formula as we may specify in the applicable pricing supplement: CORRA, CMT Rate, Commercial Paper Rate, EURIBOR, the Federal Funds           |

S-1

| Rate, Prime Rate, SOFR, Treasury Rate, or another negotiated interest rate basis or formula. Interest on each note will be payable either monthly, quarterly, semiannually or annually on each                                             
 specified interest payment date and on the stated maturity date. Accrued interest will also be paid on the date of redemption or repayment if a note is redeemed or repurchased prior to its stated maturity in accordance with its terms. |

| Principal | The principal amount of each note will be payable on its stated maturity date or, if applicable, upon earlier redemption or repayment at the corporate trust office of the paying agent or at any other place we may designate. |

| Redemption and Repayment | We will indicate in the applicable pricing supplement for a note whether we will have the option to redeem the note before its stated maturity and the price or prices at which, and date or dates on which, redemption may occur. The pricing 
 supplement relating to a note will also indicate whether you will have the option to elect repayment by us prior to the stated maturity and the price and the date or dates on which repayment may occur.                                      |

| Book Entry | We expect that we will issue notes in book-entry form only and will clear through The Depository Trust Company. We may, but do not intend to, issue notes in certificated