KeyCorp has announced the issuance of $1,000,000,000 in aggregate principal amount of 5.889% Fixed-to-Floating Rate Senior Medium Term Notes, Series U, with a maturity date of November 2, 2032. The company filed this report on November 2, 2026.

The notes were registered under the Securities Act of 1933, as amended, pursuant to a Registration Statement on Form S-3 (File No. 333-296536) previously filed with the Securities and Exchange Commission.

Legal counsel for the transaction was Squire Patton Boggs (US) LLP, and an opinion regarding the validity of the notes has been filed as Exhibit 5.1 to this Current Report on Form 8-K.