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Regions Financial Corporation 5.70% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C

Coupon is fixed until 8/15/2029 after which point it will float at the rate of 3 month Libor plus a spread of 3.148%

May only be redeemed on a dividend payment date

Ticker: RF-C

Parent Ticker: RF

OTC Grey Market Temporary Ticker: RXFCL

Issuance Date: 04/23/2019

1st Call Date: 04/30/2029

Maturity Date: None

Shares Issued: 20,000,000

Overallotment Shares: 0

Coupon: 5.70%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.356

Payment Months: FEB, MAY, AUG, NOV

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