Document:

EX-4.16

 EXHIBIT 4.16 

DESCRIPTION OF DOMINION ENERGY, INC. 

COMMON STOCK 
 The following description
of our common stock, which is registered under Section 12(b) of the Securities Exchange Act of 1934, as amended, is a summary and is qualified in its entirety by reference to our articles of incorporation and bylaws, which are incorporated by
reference as exhibits to the Annual Report on Form 10-K of which this exhibit is a part. We encourage you to read our articles of incorporation and bylaws, as well as applicable provisions of the Virginia
Stock Corporation Act, for more information. 
 References herein to “we,” “our,” “us,” the “Company” or
“Dominion Energy” refer to Dominion Energy, Inc., a Virginia corporation. 
 Authorized Shares 

We are authorized to issue 1.77 billion shares of capital stock, consisting of 20 million shares of preferred stock and 1.75 billion shares of
common stock, without par value. No holder of shares of our common stock or preferred stock has any preemptive rights. 
 Listing 

Our outstanding shares of common stock are listed on the New York Stock Exchange under the symbol “D.” Any additional common stock we issue will also
be listed on the New York Stock Exchange. 
 Dividends 

Common shareholders may receive dividends when declared by our board of directors. Dividends may be paid in cash, stock or other form. In certain cases, common
shareholders may not receive dividends until we have satisfied our obligations to any preferred shareholders. Under certain circumstances, our indentures or other agreements to which we are a party may also restrict our ability to pay cash
dividends. 
 Authorized but Unissued Shares 
 Our
authorized but unissued shares of common stock will be available for future issuance without shareholder approval. These additional shares may be utilized for a variety of corporate purposes, including future public offerings to raise additional
capital, corporate acquisitions and employee benefit plans. The existence of authorized but unissued shares of common stock and preferred stock could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest,
tender offer, merger or otherwise. 
 Fully Paid 
 All
outstanding shares of common stock are fully paid and non-assessable. Any additional common stock we issue will also be fully paid and non-assessable. 

Voting Rights 
 Each share of common stock is entitled to
one vote in the election of directors and other matters. Common shareholders are not entitled to cumulative voting rights. 
 Other Rights 

We will notify common shareholders of any shareholders’ meetings according to applicable law. If we liquidate, dissolve or wind up our business, either
voluntarily or not, common shareholders will share equally in the assets remaining after we pay our creditors and preferred shareholders. 

 Transfer Agent and Registrar 

Broadridge Corporate Issuer Solutions, Inc. currently serves as transfer agent, registrar and dividend paying agent for our common stock. 

Preferred Stock 
 Our board of directors can, without
approval of shareholders, issue one or more series of preferred stock. The board can also determine the number of shares of each series and the rights, preferences and limitations of each series including the dividend rights, voting rights,
conversion rights, redemption rights and any liquidation preferences, the number of shares constituting each series and the terms and conditions of issue. In some cases, the issuance of preferred stock could delay a change in control of the Company
and make it harder to remove present management. Under certain circumstances, preferred stock could also restrict dividend payments to holders of our common stock. 

The preferred stock will, when issued, be fully paid and non-assessable. Unless otherwise specified in the terms of
the applicable series, shares of preferred stock of a given series will rank on a parity in all respects with any outstanding preferred stock we may have and will have priority over our common stock as to dividends and distributions of assets.
Therefore, the rights of any preferred stock may limit the rights of the holders of our common stock and preferred stock. 
 On June 14, 2019, we
issued approximately 1.6 million shares of 1.75% Series A Cumulative Perpetual Convertible Preferred Stock, without par value (the “Series A Preferred Stock”), as a component of our 2019 Series A Equity Units. On December 13,
2019, we issued 800,000 shares of 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, without par value (the “Series B Preferred Stock” and, together with the Series A Preferred Stock, the “Preferred
Stock”). 
 Certain terms of the Preferred Stock are described below and the full terms of the Preferred Stock are set forth in Article IIIA, in the
case of the Series A Preferred Stock, and Article IIIB, in the cast of the Series B Preferred Stock, of our articles of incorporation. 
 Ranking

 The Preferred Stock ranks senior to all classes or series of our common stock and any other class or series of junior stock with respect to dividends
rights and rights upon any liquidation, winding-up or dissolution. 
 Liquidation Preference 

If we liquidate, dissolve or wind up, holders of shares of Preferred Stock will have the right to receive $1,000 per share, plus accumulated and unpaid
dividends, if any (whether or not authorized or declared) up to, but excluding, the date of payment, before any payment is made to holders of our common stock and any other class or series of capital stock ranking junior to the Preferred Stock as to
liquidation rights, but subject to the prior payment in full of all of our liabilities and the preferences of any senior stock. 
 Dividends and
Restrictions on Common Dividends 
 Dividends are payable on the Series A Preferred Stock quarterly in arrears and on the Series B Preferred Stock
semi-annually in arrears, in each case when, as and if declared by our board of directors. However, dividends on both the Series A Preferred Stock and the Series B Preferred Stock accumulate regardless of whether such dividends are declared by the
board of directors, permitted under Virginia law or prohibited by any agreement to which we are a party. In the case of the Series A Preferred Stock, any accumulated and unpaid dividends will accrue additional dividends at the then-current dividend
rate until paid, compounded quarterly, to, but excluding the payment date. We may pay dividends on the Series A Preferred Stock in cash, shares of our common stock or a combination of cash and shares of our common stock. Dividends on the Series B
Preferred Stock are payable only in cash. 
 As long as shares of the Series A Preferred Stock and/or Series B Preferred Stock remain outstanding, unless
all accumulated and unpaid dividends (including, in the case of the Series A Preferred Stock, any compounded dividends thereon) for all preceding dividends periods have been declared and paid, or a sufficient sum or number of shares of common stock
has been set apart for the payment of such dividends, we are not permitted to (i) declare and pay 

 
dividends on any capital stock ranking, as to dividends, on parity with or junior to the Preferred Stock, such as the common stock, or (ii) redeem, purchase or otherwise acquire any capital
stock ranking, as to dividends or upon liquidation, on parity with or junior to the Preferred Stock, such as the common stock, subject, in the case of both clauses (i) and (ii), to certain exceptions as described in the terms of the Series A
Preferred Stock and the Series B Preferred Stock, respectively. 
 Voting Rights 

Holders of shares of Preferred Stock generally have no voting rights, except as otherwise required by Virginia law. However, if dividends on any shares of
Series A Preferred Stock have not been declared and paid in full for six or more quarterly dividend periods, whether or not consecutive, or if dividends on any shares of Series B Preferred Stock have not been declared and paid in full for the
equivalent of three semi-annual dividend periods, whether or not consecutive, holders of the outstanding shares of Series A Preferred Stock and outstanding shares of Series B Preferred Stock, together with holders of any other series of our
preferred stock ranking equally with the Series A Preferred Stock and Series B Preferred Stock as to payment of dividends and upon which like voting rights have been conferred and are exercisable, will be entitled to vote for the election of two
additional directors to our board to serve until all accumulated unpaid dividends have been paid or declared with a sufficient sum or, in the case of the Series A Preferred Stock, number of shares of common stock set aside for payment. 

Virginia Stock Corporation Act and our Articles of Incorporation and Bylaws 

General 
 We are a Virginia corporation subject to the
Virginia Stock Corporation Act (the “Virginia Act”). Provisions of the Virginia Act, in addition to provisions of our articles of incorporation and bylaws, address corporate governance issues, including the rights of shareholders. Some of
these provisions could hinder management changes while others could have an anti- takeover effect. This anti-takeover effect may, in some circumstances, reduce the control premium that might otherwise be reflected in the value of our common stock.

 Certain key provisions of the Virginia Act and our articles of incorporation and bylaws are summarized below. 

Business Combinations 
 Our articles of incorporation
require that any merger, share exchange or sale of substantially all of our assets be approved by a majority of the votes entitled to be cast on the matter by each voting group entitled to vote on the matter. Abstentions and broker non-votes will have no effect on the outcome. 
 Article 14 of the Virginia Act contains several provisions relating to
transactions with interested shareholders. Interested shareholders are holders of more than 10% of any class of a corporation’s outstanding voting shares. Transactions between a corporation and an interested shareholder are referred to as
affiliated transactions. The Virginia Act requires that material affiliated transactions must be approved by at least two-thirds of the shareholders not including the interested shareholder. Affiliated
transactions requiring this two-thirds approval include mergers, share exchanges, material dispositions of corporate assets, dissolution or any reclassification of securities or merger of the corporation with
any of its subsidiaries which increases the percentage of voting shares owned by an interested shareholder by more than five percent. 
 For three years
following the time that a shareholder becomes an interested shareholder, a Virginia corporation cannot engage in an affiliated transaction with the interested shareholder without approval of two-thirds of the
disinterested voting shares, and majority approval of disinterested directors. A disinterested director is a director who was a director on the date on which an interested shareholder became an interested shareholder or was recommended for election
or elected by a majority of the disinterested directors then on the board. After three years, an affiliated transaction must be approved by either two-thirds of disinterested voting shares or a majority of
disinterested directors. 
 The provisions of the Virginia Act relating to affiliated transactions do not apply if a majority of disinterested directors
approve the acquisition of shares making a person an interested shareholder. 
 The Virginia Act permits corporations to opt out of the affiliated
transactions provisions. We have not opted out. 

 The Virginia Act also contains provisions regulating certain control share acquisitions, which are
transactions causing the voting strength of any person acquiring beneficial ownership of shares of a public corporation in Virginia to meet or exceed certain threshold voting percentages (20%, 33
1/3%, or 50%). Shares acquired in a control share acquisition have no voting rights unless the voting rights are granted by a majority vote of all outstanding shares other than those held
by the acquiring person or any officer or employee-director of the corporation. The acquiring person may require that a special meeting of the shareholders be held to consider the grant of voting rights to the shares acquired in the control share
acquisition. 
 Our bylaws give us the right to redeem the shares purchased by an acquiring person in a control share acquisition. We can do this if the
acquiring person fails to deliver a statement to us listing information required by the Virginia Act or if our shareholders vote not to grant voting rights to the acquiring person. 

The Virginia Act permits corporations to opt out of the control share acquisition provisions. We have not opted out. 

Directors’ Duties 
 The standards of conduct for
directors of Virginia corporations are listed in Section 13.1-690 of the Virginia Act. Directors must discharge their duties in accordance with their good faith business judgment of the best interests of
the corporation. Directors may rely on the advice or acts of others, including officers, employees, attorneys, accountants and board committees if they have a good faith belief in their competence. Directors’ actions are not subject to a
reasonableness or prudent person standard. Virginia’s federal and state courts have focused on the process involved with directors’ decision-making and are generally supportive of directors if they have based their decision on an informed
process. These elements of Virginia law could make it more difficult to take over a Virginia corporation than corporations in other states. 
 Board of
Directors 
 Members of our board of directors serve one-year terms and are elected annually. Except when the
number of nominees exceeds the number of directors to be elected (a contested election), directors are elected by majority vote. In the case of a contested election, directors are elected by a plurality vote. Directors may be removed from office for
cause if the number of votes cast to remove the director constitutes a majority of the votes entitled to be cast at an election of directors of the voting group by which the director was elected. 

Shareholder Proposals and Director Nominations 
 Our
shareholders can submit shareholder proposals and nominate candidates for the board of directors if the shareholders follow advance notice procedures described in our bylaws. 

To nominate directors, shareholders must submit a written notice to our corporate secretary at least 60 days before a scheduled meeting. The notice must
include the name and address of the shareholder and of the nominee, a description of any arrangements between the shareholder and the nominee, information about the nominee required by the Securities and Exchange Commission, the written consent of
the nominee to serve as a director and other information. 
 Shareholder proposals must be submitted to our corporate secretary at least 90 days before the
first anniversary of the date of our last annual meeting. The notice must include a description of the proposal, the reasons for presenting the proposal at the annual meeting, the text of any resolutions to be presented, the shareholder’s name
and address and number of shares held and any material interest of the shareholder in the proposal. 
 Director nominations and shareholder proposals that
are late or that do not include all required information may be rejected. This could prevent shareholders from bringing certain matters before an annual or special meeting, including making nominations for directors. 

Proxy Access 
 Our bylaws permit a shareholder, or a group
of up to 20 shareholders, owning 3% or more of our outstanding common stock continuously for at least three years, to nominate and include in our annual meeting proxy materials director candidates to occupy up to two or 20% of our board seats
(whichever is greater), provided that such shareholder or group of shareholders satisfies the requirements set forth in the bylaws. 

 Meetings of Shareholders and Action by Written Consent 

Under our bylaws, meetings of the shareholders may be called by the chairman of the board, the vice chairman, the president or a majority of our board of
directors. Special meetings of shareholders will also be held whenever called by the Corporate Secretary, upon the written request of shareholders owning continuously for a period of at least one year prior to the date of such request more than 25%
of all of our outstanding shares of common stock. 
 Under the Virginia Act, action required or permitted to be taken at a shareholders’ meeting may be
taken without a meeting if the action is taken by all the shareholders entitled to vote on the action. In addition, the Virginia Act provides that the articles of incorporation of a corporation may authorize action by shareholders by less than
unanimous written consent provided that the taking of such action is consistent with any requirements that may be set forth in the corporation’s articles of incorporation, bylaws or the Virginia Act provision. In the case of a public
corporation, the inclusion of such a provision in the articles of incorporation must be approved by more than two-thirds of any voting group entitled to vote on the amendment. 

The Virginia Act further provides that less than unanimous written consents is not available at any public corporation whose articles of incorporation or
bylaws allow a special meeting to be called by shareholders (or a group of shareholders) holding 30% or fewer of all votes entitled to be cast. Therefore, before our shareholders may have the right to act by less than unanimous written consent, our
board and more than two-thirds of the holders of our common stock would need to approve an amendment to our articles of incorporation to add such a provision and the bylaws would need to be amended to increase
the percentage of shareholders required to call a special meeting above 30%. The board currently does not intend to approve either of these actions. 

These provisions could have the effect of delaying until the next annual shareholders’ meeting shareholder consideration of actions which are favored by
the holders of up to 25% of our outstanding shares of common stock, because such holders would be able to consider such action as shareholders, such as electing new directors or approving a merger, only at a duly called shareholders’ meeting
and would not own sufficient shares of our common stock to request the calling of a special meeting. 
 Amendment of Articles 

Generally, our articles of incorporation may only be amended or repealed by a majority of the votes entitled to be cast on the matter by each voting group
entitled to vote on the matter. 
 Indemnification 

Under our articles of incorporation, we indemnify our officers and directors to the fullest extent permitted under Virginia law against all liabilities
incurred in connection with their service to us. We have also entered into agreements relating to the advancement of expenses for certain of our directors and officers in advance of a final disposition of proceedings or the making of any
determination of eligibility for indemnification pursuant to our articles of incorporation. 
 Limitation of Liability 

Our articles of incorporation provide that our directors and officers will not be personally liable for monetary damages to us for breaches of their fiduciary
duty as directors or officers, unless they violated their duty of loyalty to us or our shareholders, acted in bad faith, knowingly or intentionally violated the law, authorized illegal dividends or redemptions or derived an improper personal benefit
from their action as directors or officers. This provision applies only to claims against directors or officers arising out of their role as directors or officers and not in any other capacity. Directors and officers remain liable for violations of
the federal securities laws and we retain the right to pursue legal remedies other than monetary damages, such as an injunction or rescission for breach of the officer’s or director’s duty of care.EX-4.17

 EXHIBIT 4.17 

DESCRIPTION OF DOMINION ENERGY, INC. 

2016 SERIES A 5.25% ENHANCED JUNIOR SUBORDINATED NOTES DUE 2076 

The following description of our 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076, which are registered under Section 12(b) of the
Securities Exchange Act of 1934, as amended, is a summary and is qualified in its entirety by reference to the Junior Subordinated Indenture II, dated June 1, 2006 (the “Subordinated Indenture II”), between us and The Bank of New York
Mellon (successor to JPMorgan Chase Bank, N.A., as trustee (the “Indenture Trustee”), as supplemented and amended by the Third Supplemental and Amending Indenture, dated as of June 1, 2009 (the “Third Supplemental
Indenture”), among us, the Bank of New York Mellon (successor to JPMorgan Chase Bank, N.A., as the original trustee, and Deutsche Bank Trust Company Americas, as series trustee (the “Series Trustee”) and as further supplemented by the
Tenth Supplemental Indenture, dated July 1, 2016 (the “Tenth Supplemental Indenture”), between us and the Series Trustee, each of which is incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this exhibit is a part. We encourage you to read the Subordinated Indenture II, the Third Supplemental Indenture and the Tenth Supplemental Indenture for more information. 

References herein to “we,” “our,” “us,” the “Company” or “Dominion Energy” refer to Dominion Energy,
Inc., a Virginia corporation. 
 General 
 On
July 19, 2016, Dominion Energy issued $800,000,000 aggregate principal amount of 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076 (the “Junior Subordinated Notes”). The Junior Subordinated Notes were issued in
denominations of $25 and integral multiples thereof. The Junior Subordinated Notes are held in book-entry form in the name of DTC or its nominee. We may “reopen” this series of Junior Subordinated Notes and issue additional Junior
Subordinated Notes of this series without the consent of the holders of the Junior Subordinated Notes. 
 Maturity 

The Junior Subordinated Notes mature on July 30, 2076. 

Ranking 
 The Junior Subordinated Notes are subordinate
and junior in right of payment, to the extent set forth in the Subordinated Indenture II, to all Priority Indebtedness as defined below. If: 
  

	 	•	 	 we make a payment or distribution of any of our assets to creditors upon our dissolution, winding-up, liquidation or reorganization, whether in bankruptcy, insolvency or otherwise; 

  

	 	•	 	 a default beyond any grace period has occurred and is continuing with respect to the payment of principal,
interest or any other monetary amounts due and payable on any Priority Indebtedness; or 

  

	 	•	 	 the maturity of any Priority Indebtedness has been accelerated because of a default on that Priority
Indebtedness, 

 then the holders of Priority Indebtedness generally will have the right to receive payment, in the first instance above,
of all amounts due or to become due upon that Priority Indebtedness, and, in the second and third instances above, of all amounts due on that Priority Indebtedness, or we will make provision for those payments, in each instance above before the
holders of any Junior Subordinated Notes have the right to receive any payments of principal or interest on their Junior Subordinated Notes. 
 Priority
Indebtedness means, with respect to the Junior Subordinated Notes, the principal, premium, interest and any other payment in respect of any of the following: 
  

	 	•	 	 all of our current and future indebtedness for borrowed or purchase money whether or not evidenced by notes,
debentures, bonds or other similar written instruments; 

  

	 	•	 	 our obligations under synthetic leases, finance leases and capitalized leases; 

	 	•	 	 our obligations for reimbursement under letters of credit, banker’s acceptances, security purchase
facilities or similar facilities issued for our account; 

  

	 	•	 	 any of our other indebtedness or obligations with respect to derivative contracts, including commodity contracts,
interest rate, commodity and currency swap agreements, forward contracts and other similar agreements or arrangements; and 

  

	 	•	 	 all indebtedness of others of the kinds described in the preceding categories which we have assumed or
guaranteed, 

 other than obligations ranking on a parity with the Junior Subordinated Notes or ranking junior to the Junior Subordinated
Notes. 
 Priority Indebtedness does not include trade accounts payable, accrued liabilities arising in the ordinary course of business, indebtedness to our
subsidiaries or indebtedness evidenced by other junior subordinated notes issued under the Subordinated Indenture II. 
 Priority Indebtedness is entitled
to the benefits of the subordination provisions in the Subordinated Indenture II irrespective of the amendment, modification or waiver of any term of the Priority Indebtedness. We may not amend the Subordinated Indenture II or the Junior
Subordinated Notes to change the subordination of any outstanding Priority Indebtedness without the consent of each holder of Priority Indebtedness that the amendment would adversely affect. 

As of December 31, 2019, we had approximately $8.0 billion principal amount of outstanding long-term debt on an unconsolidated basis (including
securities due within one year and junior subordinated debentures issued under our Subordinated Indenture dated as of December 1, 1997) that are senior to the Junior Subordinated Notes. 

Because we are a holding company and conduct all of our operations through our subsidiaries, our ability to meet our obligations under the Junior Subordinated
Notes is dependent on the earnings and cash flows of those subsidiaries and the ability of those subsidiaries to pay dividends or to advance or repay funds to us. Holders of the Junior Subordinated Notes generally have a junior position to claims of
creditors of our subsidiaries, including trade creditors, debtholders, secured creditors, taxing authorities and guarantee holders, and any preferred security holders of our subsidiaries. As of December 31, 2019, our subsidiaries had
approximately $24.3 billion principal amount of outstanding long-term debt (including securities due within one year). 
 There are no terms in the
Subordinated Indenture II or the Junior Subordinated Notes that limit our ability to incur additional indebtedness or our subsidiaries’ ability to incur additional indebtedness or issue preferred securities. We and our subsidiaries expect to
incur additional indebtedness from time to time that will be senior to the Junior Subordinated Notes. 
 Interest 

The Junior Subordinated Notes bear interest at 5.25% per year. 

Subject to our right to defer interest payments as described below, interest on the Junior Subordinated Notes is payable quarterly in arrears on
January 30, April 30, July 30 and October 30 of each year. The amount of interest payable for any quarterly interest accrual period is computed on the basis of a 360-day year consisting of
twelve 30-day months. 
 The term “interest” includes quarterly interest payments and applicable interest
on interest payments accrued but not paid on the applicable interest payment date. 
 If an interest payment date or a redemption date of the Junior
Subordinated Notes falls on a day that is not a business day, the payment of interest and/or principal payable on that date will be made on the next succeeding business day, and no interest on such payment will accrue for the period from and after
the interest payment date or the redemption date, as applicable. 
 So long as the Junior Subordinated Notes remain in book-entry only form, the record date
for each interest payment date is the close of business on the business day before the applicable interest payment date. If the Junior Subordinated Notes are not in book-entry only form, the record date for each interest payment date will be the
close of business on the fifteenth calendar day (whether or not a business day) before the applicable interest payment date. 

 A “business day” is any day that is not a Saturday, a Sunday, a day on which banks in New York
City are authorized or obligated by law or executive order to remain closed, or a day on which the Corporate Trust Office of the Series Trustee is closed for business. 

Option to Defer Interest Payments 
 So long as there is no
event of default with respect to the Junior Subordinated Notes under the Subordinated Indenture II, at our option, we may, on one or more occasions, defer payment of all or part of the current and accrued interest otherwise due on the Junior
Subordinated Notes for a period of up to 10 consecutive years (each period, commencing on the date that the first such interest payment would otherwise have been made, an Optional Deferral Period). In other words, we may declare at our discretion up
to a 10-year interest payment moratorium on the Junior Subordinated Notes and may choose to do that on more than one occasion. A deferral of interest payments may not end on a date other than an Interest
Payment Date and may not extend beyond the maturity date of the Junior Subordinated Notes (which is July 30, 2076), and we may not begin a new Optional Deferral Period and may not pay current interest on the Junior Subordinated Notes until we
have paid all accrued interest on the Junior Subordinated Notes from the previous Optional Deferral Period. 
 Any deferred interest on the Junior
Subordinated Notes will accrue additional interest at a rate equal to the interest rate applicable to the Junior Subordinated Notes, to the extent permitted by applicable law. Once we pay all deferred interest payments on the Junior Subordinated
Notes, including any additional interest accrued on the deferred interest, we can again defer interest payments on the Junior Subordinated Notes as described above, but not beyond the maturity date of the Junior Subordinated Notes. 

We will give the Series Trustee written notice of our election to begin an Optional Deferral Period at least one business day before the record date for the
next interest payment date which shall contain an instruction for the Series Trustee to forward such notice to the holders of the Junior Subordinated Notes. However, our failure to pay interest on any interest payment date will itself constitute the
commencement of an Optional Deferral Period unless we pay such interest within five business days after the interest payment date, whether or not we provide a notice of deferral. 

Certain Limitations during an Optional Deferred Period 

Unless we have paid all accrued and payable interest on the Junior Subordinated Notes and are not deferring any interest payments on the Junior Subordinated
Notes at such time, subject to several exceptions, we will not and our subsidiaries will not do any of the following: 
  

	 	(i)	 declare or pay any dividends or distributions, or redeem, purchase, acquire, or make a liquidation payment on
any of our capital stock; 

  

	 	(ii)	 make any payment of principal of, or interest or premium, if any, on or repay, repurchase or redeem any of our
debt securities that rank on a parity with, or junior to, the Junior Subordinated Notes (including debt securities of other series issued under the Subordinated Indenture II); or 

 

	 	(iii)	 make any guarantee payments on any guarantee of debt securities if the guarantee ranks on a parity with or
junior to the Junior Subordinated Notes. 

  

	 	However,	 the foregoing provisions shall not prevent or restrict us from making: 

 

	 	(a)	 purchases, redemptions or other acquisitions of our capital stock in connection with any employment contract,
benefit plan or other similar arrangement with or for the benefit of employees, officers, directors, agents or consultants or a stock purchase or dividend reinvestment plan, or the satisfaction of our obligations pursuant to any contract or security
outstanding on the date that the payment of interest is deferred requiring us to purchase, redeem or acquire our capital stock; 

  

	 	(b)	 any payment, repayment, redemption, purchase, acquisition or declaration of dividend described in clause
(i) above as a result of a reclassification of our capital stock, or the exchange or conversion of all or a portion of one class or series of our capital stock for another class or series of our capital stock; 

	 	(c)	 the purchase of fractional interests in shares of our capital stock pursuant to the conversion or exchange
provisions of our capital stock or the security being converted or exchanged, or in connection with the settlement of stock purchase contracts outstanding on the date that the payment of interest is deferred or with any split, reclassification or
similar transaction; 

  

	 	(d)	 dividends or distributions paid or made in our capital stock (or rights to acquire our capital stock), or
repurchases, redemptions or acquisitions of capital stock in connection with the issuance or exchange of capital stock (or of securities convertible into or exchangeable for shares of our capital stock) and distributions in connection with the
settlement of stock purchase contracts outstanding on the date that the payment of interest is deferred; 

  

	 	(e)	 redemptions, exchanges or repurchases of, or with respect to, any rights outstanding under a shareholder rights
plan outstanding on the date that the payment of interest is deferred or the declaration or payment thereunder of a dividend or distribution of or with respect to rights in the future; 

 

	 	(f)	 payments on the Junior Subordinated Notes, any trust preferred securities, subordinated debentures, junior
subordinated debentures or junior subordinated notes, or any guarantees of any of the foregoing, in each case that rank equal in right of payment to the Junior Subordinated Notes, so long as the amount of payments made on account of such securities
or guarantees is paid on all such securities and guarantees then outstanding on a pro rata basis in proportion to the full payment to which each series of such securities and guarantees is then entitled if paid in full; 

 

	 	(g)	 any payment of deferred interest or principal on, or repayment, redemption or repurchase of, parity securities
that, if not made, would cause us to breach the terms of the instrument governing such parity securities; or 

  

	 	(h)	 make any regularly scheduled dividend or distribution payments declared prior to the date that the applicable
Optional Deferral Period commences. 

 Agreement by Holders to Certain Tax Treatment 

Each holder of the Junior Subordinated Notes has or will, by accepting the Junior Subordinated Notes or a beneficial interest therein, be deemed to have agreed
that the holder intends that the Junior Subordinated Notes constitute debt and will treat the Junior Subordinated Notes as debt for United States federal, state and local tax purposes. 

No Sinking Fund, Conversion or Amortization 
 The Junior
Subordinated Notes are not entitled to the benefit of any sinking fund and are not subject to conversion or amortization. 
 No Defeasance 

The Junior Subordinated Notes are not subject to defeasance. 

Redemption 
 The Junior Subordinated Notes may be redeemed
before their maturity: 
  

	 	•	 	 in whole or in part on one or more occasions on or after July 30, 2021, at 100% of their principal amount,
plus accrued and unpaid interest, 

  

	 	•	 	 in whole, but not in part, before July 30, 2021, at 100% of their principal amount, plus accrued and unpaid
interest, upon the occurrence of a Tax Event (see “—Right to Redeem at Tax Event” below), or 

  

	 	•	 	 in whole, but not in part, on one or more occasions before July 30, 2021, at 102% of their principal amount,
plus accrued and unpaid interest, at any time within 90 days after the conclusion of any review or appeal process instituted by us following the occurrence and continuation of a Rating Agency Event (see “—Right to Redeem at Rating Agency
Event” below). 

 Subject to the provisions of the Subordinated Indenture II, notice of any redemption of the Junior Subordinated
Notes will be mailed not less than 20 days nor more than 60 days prior to the redemption date. Unless we default in payment of the applicable redemption price, on and after the redemption date interest shall cease to accrue on such Junior
Subordinated Notes called for redemption. 

 Right to Redeem at Tax Event 

The Junior Subordinated Notes are redeemable, in whole, but not in part, before July 30, 2021, at 100% of their principal amount, plus accrued and unpaid
interest, upon the occurrence of a Tax Event (as defined below). 
 “Tax Event” means the receipt by us of an opinion of counsel experienced in
such tax matters to the effect that, as a result of (a) any amendment to, clarification of, or change (including any announced prospective change) in the laws or treaties of the United States or any political subdivisions or taxing authorities,
or any regulations under such laws or treaties, (b) any judicial decision or any official administrative pronouncement, ruling, regulatory procedure, notice or announcement (including any notice or announcement of intent to issue or adopt any
such administrative pronouncement, ruling, regulatory procedure or regulation), (c) any amendment to, clarification of, or change in the official position or the interpretation of any administrative action or judicial decision or any
interpretation or pronouncement that provides for a position with respect to an administrative action or judicial decision that differs from the theretofore generally accepted position, in each case by any legislative body, court, governmental
authority or regulatory body, irrespective of the time or manner in which such amendment, clarification or change is introduced or made known, or (d) threatened challenge asserted in writing in connection with an audit of us or any of our
subsidiaries, or a publicly-known threatened challenge asserted in writing against any other taxpayer that has raised capital through the issuance of securities that are substantially similar to the Junior Subordinated Notes, which amendment,
clarification, or change is effective, or which administrative action is taken or which judicial decision, interpretation or pronouncement is issued or threatened challenge is asserted or becomes publicly-known, in each case after the date of this
prospectus supplement, there is more than an insubstantial risk that interest payable by us on the Junior Subordinated Notes is not deductible, or within 90 days would not be deductible, in whole or in part, by us for United States Federal income
tax purposes. 
 Right to Redeem at Rating Agency Event 

The Junior Subordinated Notes are redeemable in whole, but not in part, before July 30, 2021 at 102% of their principal amount, plus accrued and unpaid
interest, at any time within 90 days after the conclusion of any review or appeal process instituted by us following the occurrence and continuation of a Rating Agency Event (as defined below). 

“Rating Agency Event” means a change in the methodology employed by any nationally recognized statistical rating organization within
the meaning of Section 3(a)(62) of the Exchange Act (sometimes referred to in this prospectus supplement as a “rating agency”) that currently publishes a rating for us in assigning equity credit to securities such as the Junior
Subordinated Notes, as such methodology is in effect on the date of issuance of this prospectus supplement (the current criteria), which change results in: 
  

	 	•	 	 the length of time for which such current criteria are scheduled to be in effect being shortened with respect to
the Junior Subordinated Notes, or 

  

	 	•	 	 a lower or higher equity credit being assigned by such rating agency to the Junior Subordinated Notes as of the
date of such change than the equity credit that would have been assigned to the Junior Subordinated Notes as of the date of such change by such rating agency pursuant to its current criteria. 

Events of Default; Waiver; Acceleration; Compliance 
 The
following are events of default under the Subordinated Indenture II: 
  

	 	•	 	 our failure to pay principal when due; 

 

	 	•	 	 our failure to pay interest when due and payable that continues for 30 days (subject to our right to optionally
defer interest payments as described above under —Option to Defer Interest Payments); 

  

	 	•	 	 our failure to perform other covenants that continues beyond 90 days after the applicable trustee or holders of
not less than 25% in principal amount of the Junior Subordinated Notes and any other series of securities issued under the Subordinated Indenture II so benefited give written notice of default; or 

 

	 	•	 	 certain events of bankruptcy, insolvency or reorganization. 

 An event of default with respect to a particular series of securities issued under the Subordinated
Indenture II, such as the Junior Subordinated Notes, does not necessarily constitute an event of default for another series of securities issued under the Subordinated Indenture II. 

In the case of a general covenant default described above, the applicable trustee may extend the grace period. In addition, if holders of a particular series
of securities under the Subordinated Indenture II have given a notice of default, then holders of at least the same percentage of securities of that series, together with the applicable trustee, may also extend the grace period. The grace period
will be automatically extended if we have initiated and are diligently pursuing corrective action. 
 The holders of a majority of the outstanding
securities of all series under the Subordinated Indenture II with respect to which a default has occurred and is continuing may waive a default for all those series, except a default in the payment of principal or interest, or any premium, on any
such securities or a default with respect to a covenant or provision which cannot be amended or modified without the consent of the holder of each outstanding security of the series affected. In addition, under certain circumstances, the holders of
a majority of the outstanding securities of any series under the Subordinated Indenture II may waive in advance, for that series, our compliance with certain restrictive provisions of the Subordinated Indenture II. 

If an event of default (other than certain events of bankruptcy) occurs under the Subordinated Indenture II, the applicable trustee or the holders of 25% of
the principal amount of the Junior Subordinated Notes have the right to declare the principal amount of the Junior Subordinated Notes and any accrued interest thereon, immediately due and payable. If this happens, subject to certain conditions, the
holders of a majority of the aggregate principal amount of the Junior Subordinated Notes can void the declaration. 
 If an event of default consisting of
certain events of bankruptcy occurs under the Subordinated Indenture II, the principal amount of all the outstanding Junior Subordinated Notes and other series of securities issued under the Subordinated Indenture II will automatically, and without
any declaration or other action on the part of the trustee or any holder, become immediately due and payable. 
 The applicable trustee may withhold notice
to the holders of Junior Subordinated Notes or other series of securities issued under the Subordinated Indenture II of any default (except in the payment of principal or interest) if it considers the withholding of notice to be in the best
interests of the holders. Other than its duties in case of a default, the applicable trustee is not obligated to exercise any of its rights or powers under the Subordinated Indenture II at the request, order or direction of any holders, unless the
holders offer the applicable trustee reasonable indemnity. If they provide this reasonable indemnification, the holders of a majority in principal amount of any series of securities issued under the Subordinated Indenture II may direct the time,
method and place of conducting any proceeding or any remedy available to the applicable trustee, or exercising any power conferred upon the applicable trustee, for any series of securities issued under the Subordinated Indenture II. However, the
applicable trustee must give holders notice of any default to the extent provided by the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). 

We have agreed to provide to the Indenture Trustee an annual certificate as to our compliance with the conditions and covenants in the Subordinated Indenture
II or as to the occurrence of a default in the fulfillment of any such obligation. 
 Modification 

Under the Subordinated Indenture II, our rights and obligations and the rights of the holders may generally be modified with the consent of the holders of a
majority in aggregate principal amount of the outstanding securities of each series affected by the modification. No modification of the principal or interest payment terms, and no modification reducing the percentage required for modifications, is
effective against any holder without its consent. 
 We may also enter into supplemental indentures to amend the Subordinated Indenture II for certain
specified purposes without the consent of holders, including to cure ambiguities in the terms of the securities issued thereunder, to maintain the qualification of the Subordinated Indenture II under the Trust Indenture Act or to add additional
covenants or events of default to the Subordinated Indenture II. 

 Consolidation, Merger or Sale 

The Subordinated Indenture II provides that we may not merge or consolidate with any other corporation or sell or convey all or substantially all of our assets
to any person or acquire all or substantially all of the assets of another person unless (i) either we are the continuing corporation, or the successor corporation (if other than us) is a corporation organized and existing under the laws of the
United States of America or a State thereof or the District of Columbia and such corporation expressly assumes the due and punctual payment of the principal of and interest and other amounts due on the securities outstanding under the Subordinated
Indenture II, and the due and punctual performance and observance of all of the covenants and conditions of the Subordinated Indenture II to be performed by us by supplemental indenture in form satisfactory to the applicable trustee, executed and
delivered to the applicable trustee by such corporation, and (ii) we or such successor corporation, as the case may be, will not, immediately after such merger or consolidation, or such sale or conveyance, be in default in the performance of
any such covenant or condition. 
 In case of any such consolidation, merger or conveyance, such successor corporation will succeed to and be substituted
for us, with the same effect as if it had been named as us in the Subordinated Indenture II, and in the event of such conveyance, we will be discharged of all of our obligations and covenants under the Subordinated Indenture II and any outstanding
securities issued thereunder. 
 Satisfaction; Discharge 

We may discharge all our obligations (except those described below) to holders of the securities issued under the Subordinated Indenture II, which securities
have not already been delivered to the applicable trustee for cancellation and which either have become due and payable or are by their terms due and payable within one year, or are to be called for redemption within one year, by depositing with the
applicable trustee an amount certified to be sufficient to pay when due the principal, interest and premium, if any, on all outstanding securities. However, certain of our obligations under the Subordinated Indenture II will survive, including with
respect to the following: 
  

	 	•	 	 remaining rights to register the transfer, conversion, substitution or exchange of securities of the applicable
series; 

  

	 	•	 	 rights of holders to receive payments of principal of, and any interest on, the Debt Securities of the applicable
series, and other rights, duties and obligations of the holders of Debt Securities with respect to any amounts deposited with the applicable trustee; and 

  

	 	•	 	 the rights, obligations and immunities of the applicable trustee under the Subordinated Indenture II.

 The Indenture Trustee and the Series Trustee 

The Indenture Trustee under the Subordinated Indenture II is The Bank of New York Mellon (successor to JPMorgan Chase Bank, N.A.). We and certain of our
affiliates maintain deposit accounts and banking relationships with The Bank of New York Mellon. The Bank of New York Mellon also serves as trustee under other indentures under which securities of certain of our affiliates are outstanding. The Bank
of New York Mellon and its affiliates have purchased, and are likely to purchase in the future, our securities and securities of our affiliates. 
 The
Series Trustee for the Junior Subordinated Notes is Deutsche Bank Trust Company Americas. The Series Trustee administers its corporate trust business at 60 Wall Street, 24th Floor, New York, NY 10005. We and certain of our affiliates maintain
banking relationships with Deutsche Bank Trust Company Americas. Deutsche Bank Trust Company Americas also serves as trustee under other indentures under which we and certain of our affiliates have issued securities. Deutsche Bank Trust Company
Americas and its affiliates have purchased, and are likely to purchase in the future, our securities and securities of our affiliates. 
 Governing Law

 The Subordinated Indenture II and the Junior Subordinated Notes are governed by, and will be construed in accordance with, the laws of the State of
New York, without regard to the conflicts of law principles thereof.

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