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Western Alliance Bancorporation 4.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A

The coupon is fixed at 4.25% until 9/30/2026 after which it will reset and then every 5 years there after at the 5 year treasury plus a spread of 3.452%

Ticker: WAL-A

Parent Ticker: WAL

OTC Grey Market Temporary Ticker: NA

Issuance Date: 09/15/2021

1st Call Date: 09/30/2026

Maturity Date: None

Shares Issued: 12,000,000

Overallotment Shares: 0

Coupon: 4.25%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.266

Ex-Dividend Months: MAR, JUN, SEP, DEC

Approx. Ex-Dividend Day: 15

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 30

S&P Rating: NR

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

Moody Rating: Ba3

Fitch Rating: NR

Egan-Jones Rating: NR

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