ZIONO Zions Bancorporation N.A. ADRs of Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred

Dividends on the Series G Preferred Stock will be payable quarterly in arrears when, as and if declared by our board of directors or a duly authorized committee of the board, (i) from and including the original issuance date to but excluding March 15, 2023 (the “Fixed Rate Period”), at a rate per annum equal to 6.30% and (ii) from and including March 15, 2023 (the “Floating Rate Period”), at an annual floating rate equal to three-month LIBOR plus 4.24% (the “Floating Rate Spread”). The Floating Rate Spread was determined by taking the dividend rate for the Fixed Rate Period determined by the auction process and subtracting the mid-market 10-year swap rate at the time the auction concluded. The dividend payment dates will be the 15th day of March, June, September and December, commencing on June 15, 2013. Dividends on the Series G Preferred Stock will be non-cumulative. If our board of directors or a duly authorized committee of the board does not declare a dividend on the Series G Preferred Stock for any dividend period, such dividend will not accrue or be payable, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series G Preferred Stock are declared for any future dividend period. The Series G Preferred Stock may be redeemed in whole or in part, on or after March 15, 2023.  This security was issued by Zions Bancorporation, whose common stock symbol is ZION.

$27.00  -0.05 (-0.19%)
As of 10/26/2021 16:00:00 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  01/02/2020
Outstanding shares:  6,873,071
Average volume:  24,012
Market cap:   $185,916,571
Current dividend yield:  5.82%    calculation
Initial coupon rate:    6.300%
Spread to LIBOR: 0.042400
Cumulative:    No
Liquidation value:   $25.00
Callable after:   03/15/2023
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    989701859
ISIN:        US9897018597
Sedol:      B8GFK37

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