Fifth Third said its subsidiary, Fifth Third Bank, National Association, delivered a redemption notice to the issuing and paying agent on August 28, 2024 for all of the 5.852% Fixed-To-Floating Rate Senior Notes due October 27, 2025, totaling $1.0 billion in principal.

8-KOther EventsFiled Aug 28, 2024Period of report Aug 28, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

Fifth Third said its subsidiary, Fifth Third Bank, National Association, delivered a redemption notice to the issuing and paying agent on August 28, 2024 for all of the 5.852% Fixed-To-Floating Rate Senior Notes due October 27, 2025, totaling $1.0 billion in principal.
The company said the notes will be redeemed on October 27, 2024 at a cash price equal to 100% of principal plus any unpaid interest accrued up to, but excluding, the redemption date.
The company said it will redeem the notes before their scheduled maturity on October 27, 2025, under the initial optional redemption provisions of the notes. Once the redemptions are complete, no notes will remain outstanding.
The company said interest on the notes called for redemption will not accrue after the redemption date, and payment of the redemption price will be made only upon presentation and surrender of the notes to the paying agent.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$1.0 billion Bank Senior Notes Redemption Notice

Fifth Third said its subsidiary, Fifth Third Bank, National Association, delivered a redemption notice to the issuing and paying agent on August 28, 2024 for all of the 5.852% Fixed-To-Floating Rate Senior Notes due October 27, 2025, totaling $1.0 billion in principal.

Source · Based on the filing body and exhibits

Redemption Date and Redemption Price

The company said the notes will be redeemed on October 27, 2024 at a cash price equal to 100% of principal plus any unpaid interest accrued up to, but excluding, the redemption date.

Source · Based on the filing body and exhibits

Initial Optional Redemption Provisions Applied Before Maturity

The company said it will redeem the notes before their scheduled maturity on October 27, 2025, under the initial optional redemption provisions of the notes. Once the redemptions are complete, no notes will remain outstanding.

Source · Based on the filing body and exhibits

Interest Ceases and Payment Process After Redemption

The company said interest on the notes called for redemption will not accrue after the redemption date, and payment of the redemption price will be made only upon presentation and surrender of the notes to the paying agent.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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