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KeyCorp Inc., 7.750% Non-Cumulative Perp Convertible Preferred Stock, Series A
Ticker Symbol: KEY-G     CUSIP: 493267405     Exchange: NYSE

QUANTUMONLINE.COM SECURITY DESCRIPTION:  KeyCorp Inc., 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A, liquidation preference $100 per share, not redeemable at the issuer's option at any time, and with no stated maturity. Non-cumulative distributions of 7.75% ($7.75) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the last business day of the month prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-47 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 7.0922 common shares of KeyCorp Inc. (NYSE: KEY), an initial conversion price of $14.10 per common share. On or after 6/15/2013, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conv Shrs
Conv Price
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.75%
$7.75
$100.00
n.a.
6/15/2013
None
Ba1 / BBB-
9/27/14
7.0922
$14.10
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Yes

Goto Parent Company's Record (KEY)

IPO - 6/13/2008 - 6.50 Million Shares @ $100.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: KYJPP    Changed: 6/25/08
Market Value $ 650 Million

Company's Online Information Links
HOME PAGE:     http://www.key.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address Investor_relations@keybank.com
Email Request Form on Website Goto Email Form

Address and Phone Numbers
Address:   127 Public Square, Cleveland, OH 44114
Main Phone Number 216-689-6300
Fax Number 216-689-7009
Investor Relations   Vernon L. Patterson 216-689-0520
Toll Free Phone Number 800-539-7216
CEO - Henry L. Meyer III CFO - Jeffrey B. Weeden

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