Fifth Third prepares single tranche of fixed-to-floaters due 2030

Chicago, July 25 – Fifth Third Bancorp is marketing a single tranche of fixed-to-floating rate senior notes due 2030, according to a 424B3 filing with the Securities and Exchange Commission on Monday morning.

The starting fixed-rate coupon will reset in July 2029, when it will bear interest at a floating rate based on SOFR for the final year.

The notes can be redeemed early at par on the date that is one year before the maturity date and then again at any time in the last 60 days before the notes mature.

Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Fifth Third Securities, Inc. and RBC Capital Markets, LLC are the bookrunners.

Wilmington Trust Co. is the trustee.

Graydon Head & Ritchey LLP is working as counsel for the bank. Counsel to the underwriters is provided by Davis Polk & Wardwell LLP.

Proceeds will be used for general corporate purposes.

Fifth Third is a Cincinnati-based diversified financial services company.

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