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Company NameZions Bancorporation, National Association
Offering TypeSenior Debt
Description4.500% Senior unsecured notes, due Mar 27, 2017
Currency of IssueUSD
Trading Symbol (Exchange)ZION3834813 (OTC)
Announcement Date3/20/2012
Trade Date3/22/2012
Expected Completion3/22/2012
Settlement Date3/27/2012
Completion Date3/22/2012
Shelf Filing Date4/4/2011
Mandatory Redemption?Yes
Exchange for Existing Issue?No

Use of Proceeds
The company intends to use the net cash proceeds from this offering for general corporate purposes, which may include the partial redemption of the company's series D preferred stock held by the U.S. Treasury or the redemption of the company's senior floating rate notes due June 21, 2012. Pending use of the net proceeds of this offering, the company intends to invest the net proceeds in interest-bearing, investment grade securities.

Offer Price ($)94.25
Yield to Maturity (%)5.843
Treasury Spread (%)4.713
Gross Amount Offered ($000)300,000
Amount Including Overallotment ($000)300,000
Minimum Denominations/Increments1,000/1,000

Current Security RatingsCurrent Issuer Ratings

Underwriting Fees
Gross Spread ($)7.50
Gross Spread (%)0.75

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Deutsche Bank Securities Inc.-112,500
  Goldman Sachs & Co. LLC-112,500
  J.P. Morgan Securities LLC-75,000

Issuer's CounselCallister, Nebeker & McCullough
Underwriter's CounselCleary Gottlieb Steen & Hamilton LLP
Auditor(s)Ernst & Young LLP
Clearing House(s)Clearstream Banking SA
Depository Trust Company
Euroclear Bank SA/NV

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