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Regions Financial Corporation 4.45% Non-Cumulative Perpetual Preferred Stock, Series E

May only be redeemed on a dividend payment date

Ticker: RF-E

Parent Ticker: RF

OTC Grey Market Temporary Ticker: RFPEL

Issuance Date: 04/27/2021

1st Call Date: 06/15/2026

Maturity Date: None

Shares Issued: 16,000,000

Overallotment Shares: 0

Coupon: 4.45%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.278

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: BB+

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

Moody Rating: Baa3

Fitch Rating: BB

Egan-Jones Rating: NR