Raymond James Financial 6.375% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B

Originally issued by Tristate Capital which was merged with Raymond James Financial effective 6/1/2022

Shares Shall be fixed rate at 6.375% until 7/1/2026 at which time they will float at a rate of 3 month term SOFR plus a tenor adjustment of .2616 (was LIBOR) plus 4.088%. This is an odd duck in that it becomes callable on 7/1/204, but the floating rate doesn’t kick in until 7/1/2026.

Only redeemable on a dividend payment date

Ticker: RJF-B

Parent Ticker: RJF

OTC Grey Market Temporary Ticker: TRSXL

Issuance Date: 05/21/2019

1st Call Date: 07/01/2024

Maturity Date: None

Shares Issued: 2,800,000

Overallotment Shares: 420,000

Coupon: 6.375%

Face Value: $25

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.398

Payment Months: JAN, APR, JUL, OCT

Payment Day: 1

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: Baa3

Fitch Rating: NR

Egan-Jones Rating: NR

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