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Air Lease Corporation 6.15% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A

Coupon is fixed at 6.15% until 3/15/2024 at which point it begins to float at 3 month Libor plus a spread of 3.650%

Ticker: AL-A

Parent Ticker: AL

OTC Grey Market Temporary Ticker: ALSCP

Issuance Date: 02/26/2019

1st Call Date: 03/15/2024

Maturity Date: None

Shares Issued: 10,000,000

Overallotment Shares: 0

Coupon: 6.15%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.384

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: BB+

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

Moody Rating: NR

Fitch Rating: NR