KeyCorp 6.125% Fixed to Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E
By: Tim McPartland,
Date Issued 12/5/2016
Shares Issued 20,000,000 Overallotment Shares None
S&P Rating BB+ Moodys Rating Baa3
Security Ticker Symbol KEY-I OTC Grey Market Ticker KYYPP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2017
Quarterly Dividend .383 Annual Dividend 1.531
Dividend rate is fixes at 6.125% until 12/14/2026. After this date the dividend rate will float at a rate of 3 month libor plus 3.892%
Securities may be redeemed, at the issuers option, as early as 12/15/2026 the call price is $25 plus accrued dividends
Dividend Payment will be Qualified Distributions
Maturity Date None
Company Investor Relations Page for Keycorp
Click here for the offering Prospectus and/or Final Pricing Document
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