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Valley National Bancorp 8.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C

Coupon is fixed at 8.25% until 9/30/2029 after which it resets to the 5 year treasury plus a fixed spread of 4.182% every 5 years

Only redeemable on a dividend payment date

Ticker: VLYPN

Parent Ticker: VLY

OTC Grey Market Temporary Ticker: NA

Issuance Date: 07/29/2024

1st Call Date: 09/30/2029

Maturity Date: None

Shares Issued: 6,000,000

Overallotment Shares: 900,000

Coupon: 8.25%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.5156

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 30

S&P Rating: BB-

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

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR