Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-185042
Supplementing the Preliminary Prospectus Supplement dated
May 20, 2014 (To Prospectus dated November 19, 2012)
Comerica Incorporated
Pricing Term Sheet
May 20, 2014
| Issuer: | Comerica Incorporated | |
| Security Type: | Senior Notes | |
| Ratings*: | Moody’s: A3 (Stable Outlook); S&P: A- (Stable Outlook); Fitch: A (Stable Outlook) | |
| Principal Amount: | $350,000,000 | |
| Pricing Date: | May 20, 2014 | |
| Settlement Date: | May 23, 2014 | |
| Maturity Date: | May 23, 2019 | |
| Interest Payment Dates: | May 23 and November 23 of each year, beginning on November 23, 2014 | |
| Reference Benchmark: | UST 1.625% due April 30, 2019 | |
| Benchmark Yield: | 1.505% | |
| Spread to Benchmark: | 62 bps | |
| Reoffer Yield: | 2.125% | |
| Coupon: | 2.125% | |
| Price to Investors (%): | 100.00% of Principal Amount | |
| Par Call: | On and after April 23, 2019 | |
| CUSIP/ISIN: | 200340 AP2/US200340AP22 | |
| Book-Running Managers: | J.P. Morgan Securities LLC Barclays Capital Inc. | |
| Co-Managers: | Sandler O’Neill & Partners, L.P. HSBC Securities (USA) Inc. Comerica Securities, Inc. | |
* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, J.P. Morgan Securities LLC or Barclays Capital Inc. can arrange to send you the prospectus if you request it by calling J.P. Morgan Securities LLC collect at 1-212-834-4533 or calling Barclays Capital Inc. toll-free at 1-888-603-5847.