Fifth Third Bancorp Redeems $500M Senior Notes Due 2027

What Happened

• Fifth Third Bancorp (FITB) filed an 8-K on September 24, 2026, notifying Wilmington Trust Company (trustee) that it will redeem all outstanding 1.707% Fixed Rate/Floating Rate Senior Notes due November 1, 2027 (CUSIP 316773 DD9).
• The company will redeem the full $500 million principal amount one year early, with the Redemption Date set for November 1, 2026. The Redemption Price equals the $500 million principal plus accrued and unpaid interest to, but excluding, the Redemption Date; interest on the notes will stop accruing on and after that date. Payment will be made upon presentation and surrender of the notes to the Trustee.

Key Details

• Security: 1.707% Fixed/Floating Senior Notes, CUSIP No. 316773 DD9.
• Original issuance: November 1, 2021; original maturity: November 1, 2027.
• Principal amount to be redeemed: $500,000,000.
• Redemption Date: November 1, 2026; interest ceases on and after that date; notice to holders and press release attached to the 8-K.

Why It Matters

• The redemption will retire the entire $500M issue a year early, so no 2021 Notes will remain outstanding after November 1, 2026.
• For investors, this reduces the company’s outstanding long-term debt of this tranche and will stop future interest accruals on these notes; the 8-K does not disclose how the redemption will be funded or any direct impact on Fifth Third’s liquidity or credit metrics.
• Holders should present and surrender their notes to the Trustee to receive the Redemption Price; the company’s press release accompanies the filing for additional details.