Preferred Stock Channel
KeyCorp | 5.650% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (KEY.PRJ)

Prospectus excerpt:  We are offering 17,000,000 depositary shares, each representing a 1/40th ownership interest in a share of our Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F, par value $1.00 per share, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share) (the ìSeries F Preferred Stockî). As a holder of depositary shares, you will be entitled to all proportional rights, preferences and other provisions of the Series F Preferred Stock (including those related to dividends, voting, redemption, and liquidation). You must exercise such rights through the depositary. Dividends on the Series F Preferred Stock, when, as and if declared by our board of directors or any duly authorized committee of the board of directors, will be payable from funds legally available therefor, on the liquidation preference amount, on a non-cumulative basis. Dividends will accrue from the first date of issuance at a rate of 5.650% per annum, payable quarterly in arrears, on the 15th day of March, June, September, and December of each year, commencing on December 15, 2018 (each, a ìdividend payment dateî). If our board of directors or any duly authorized committee of the board has not declared a dividend on the Series F Preferred Stock before the dividend payment date for any dividend period, such dividend shall not be cumulative and shall not be payable for such dividend period, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series F Preferred Stock are declared for any future dividend period.

Full Prospectus PDF », Secondary Prospectus PDF », KEY Page »

Series:F
Alternate symbology:KEY-J, KEY-PJ, KEYprJ
Redeemable?:Yes
Call Date:12/15/2023 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:17,000,000
Liquidation Preference:$25.00
Recent Market Price:$21.26
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-3.74 (-14.96%)
Annualized Dividend:1.4125
Recent Ex-Date:2/28/2024
Current Yield:6.64%
Original Coupon:5.65%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn KEY.PRJ's Rating
KeyCorp is a bank holding company. Through its subsidiary, KeyBank National Association and other subsidiaries, Co. provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients through two segments: Consumer Bank and Commercial Bank. In addition, Co.'s bank and its trust company subsidiary provide personal and institutional trust custody services, personal financial and planning services, access to mutual funds, treasury services, and international banking services.

Preferreds: KEY.PRG, KEY.PRI, KEY.PRJ, KEY.PRK, KEY.PRL


Open the KEY Information Page »
Name:  KeyCorp
Website:  www.key.com
Sector:  Banking & Savings
Number of ETFs Holding KEY:  103 (see which ones)
Total Market Value Held by ETFs:  $2,965,927,917.74
Total Market Capitalization:  $14,064,000,000
% of Market Cap. Held by ETFs:  21.09%

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