KeyCorp 6.125% Fixed to Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E

By: ,

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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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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