Coupon is fixed at 6.625% until 12/31/2023. Thereafter the coupon will float at 3 month Libor plus 3.71%
Sector: Banking
F.N.B. Corporation., 7.25% Fixed-to-Floating Non-Cumulative Preferred Stock, Series E
Coupon will be fixed at 7.25% until 2/15/2024 after which it will float at a rate of 3 month Libor plus a spread of 4.60%
Discover Financial Services, 6.50% Non-Cumulative Preferred Stock B
Capital One Financial 6.0% Non-Cumulative Perpetual Preferred Stock
Redeemable only on a dividend payment date
KeyCorp 6.125% Fixed to Floating Rate Perpetual Non-Cumulative Preferred Stock
Coupon is fixed until 12/15/2026 after which the issue will float at the rate of 3 month Libor plus a spread of 3.892%.
Issue may only be redeemed on a dividend payment date