The company filed a Certificate of Designations with the Delaware Secretary of State on April 18, 2024, setting the terms of its 7.50% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series X, with a liquidation preference of $25,000 per share.

1. 01

   The company filed a Certificate of Designations with the Delaware Secretary of State on April 18, 2024, setting the terms of its 7.50% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series X, with a liquidation preference of $25,000 per share.

2. 02

   The company said that, upon issuance of the Series X Preferred Stock, its ability to declare or pay dividends on common stock, or to purchase, redeem or otherwise acquire common stock, will be subject to certain restrictions if it fails to pay dividends on the Series X Preferred Stock.

3. 03

   The company also filed additional exhibits in connection with the offering, issuance and sale of depositary shares representing interests in its Series X Preferred Stock under Form S-3 Registration Statement (File No. 333-269296).

4. 04

   The company filed the following Series X exhibits: the Certificate of Designations (Exhibits 3.1 and 4.1), the form of preferred stock certificate (Exhibit 4.2), the opinion of Sullivan & Cromwell LLP (Exhibit 5.1) and the consent of Sullivan & Cromwell LLP (Exhibit 23.1).

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

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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