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Company NameZions Bancorporation, National Association
Offering TypePreferred Equity
DescriptionDEP SHS REPSTG 1
Currency of IssueUSD
Trading Symbol (Exchange)ZB PRFCL (NYSE)
Announcement Date4/30/2012
Trade Date5/1/2012
Expected Completion5/2/2012
Settlement Date5/7/2012
Completion Date5/1/2012
Lock-up Expiration5/31/2012
Shelf Filing Date4/4/2011
Callable Security?Yes
Callable Date6/15/2017
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be used to redeem all outstanding shares of the company's series E preferred stock.

Offer Price ($)25.00
Gross Amount Offered ($000)143,750
Amount Including Overallotment ($000)143,750
Shares Offered5,750,000
Total Shares Offered5,750,000

Current Security RatingsCurrent Issuer Ratings
Standard & Poor's Financial Services, LLCBB+

Underwriting Fees
Gross Spread ($)0.38
Gross Spread (%)1.50
Sales Concession ($)0.25
Reallowance ($)0.08

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Deutsche Bank Securities Inc.5,750,000143,750

Issuer's CounselCallister, Nebeker & McCullough
Underwriter's CounselCleary Gottlieb Steen & Hamilton LLP
Auditor(s)Ernst & Young LLP
Clearing House(s)Depository Trust Company

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