KEY 424B5: Shelf registration

KeyCorp

Filed with the SEC on · accession 0001193125-26-432928

KEY filed a 424B5 (prospectus (offering)) with the SEC on Oct 27, 2026. KeyCorp filed a preliminary pricing supplement for a public offering of fixed-to-floating rate senior notes due 2032 under its medium-term note program, Series U. The stock moved -0.3% by the first close after the filing.

Summary of the filing

KeyCorp filed a preliminary pricing supplement for a public offering of fixed-to-floating rate senior notes due 2032 under its medium-term note program, Series U. The notes are unsecured, rank equally with other senior unsecured debt, and will be issued in minimum denominations of $2,000.

Key details

IssuerKeyCorp
Underwriter (affiliate)KeyBanc Capital Markets Inc.
UnderwriterGoldman Sachs & Co. LLC
UnderwriterMorgan Stanley
UnderwriterRBC Capital Markets

How KEY stock reacted

Close before

$21.21

Oct 26, 2026

First close after

-0.28%

$21.15

5 trading days

+1.32%

$21.49

Since filing

+1.18%

$21.46

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Frequently asked questions

What did KEY file with the SEC on Oct 27, 2026?

KEY filed a 424B5 (Shelf registration). KeyCorp filed a preliminary pricing supplement for a public offering of fixed-to-floating rate senior notes due 2032 under its medium-term note program, Series U. The notes are unsecured, rank equally with other senior unsecured debt, and will be issued in minimum denominations of $2,000.

What does a shelf registration mean for KEY stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did KEY stock react to this filing?

KEY closed at $21.21 before the filing and $21.15 on Oct 27, 2026 (-0.28%). Five trading days later: $21.49 (+1.32%).

Other KEY SEC filings

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