Cases & Deals

Morgan Stanley-led syndicate completes $450 million public offering of Depositary Shares

Clients Morgan Stanley & Co. LLC and KeyBanc Capital Markets Inc.

Jones Day represented Morgan Stanley & Co. LLC, KeyBanc Capital Markets Inc., and the other underwriters in connection with KeyCorp’s $450 million public offering of 18,000,000 Depositary Shares, each representing a 1/40th ownership interest in a share of Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (included as Tier 1 regulatory capital).