| Free Writing Prospectus (To the prospectus dated April 4, 2011, as supplemented by the preliminary prospectus supplement dated April 24, 2012) |
Filed Pursuant to Rule 433 Registration Statement No. 333-173299 April 25, 2012 |
Zions Direct Auctions - View Auction 4/25/12 2:31 PM https://www.auctions.zionsdirect.com/auction/5616 Page 1 of 2 HOME :: AUCTION #5616 *The current Market-Clearing Yield/Final Auction Yield is calculated as Yield to Worst (YTW) which is the lowest yield of yield to maturity, yield to call, yield to put, or other yields when a bond is callable, puttable, exchangeable, or has other features. If a bond is called, put or exchanged before maturity, the bondholder only earns interest on the time that has elapsed between purchasing the bond and its early redemption. The resulting yield is less than what would have been earned had the bond been held until maturity. View Auction ISSUE INFORMATION Call Feature: Non-callable Settlement Date: 5/1/2012 First Interest Date: 9/27/2012 Int. Accrual Date: 3/27/2012 Int. Frequency: Semi-Annually Day Basis: 30/360 CUSIP Number: 989701BB2 Principal Offered: $ 100,000,000.00 Units Offered: 100000 Denomination: $ 1,000.00 Min. Price: 98.750000 Max. Price: 101.500000 Min. Yield: 4.158% Max. Yield: 4.788% BIDDING INFORMATION Number of Bidders: Number of Bids: Current Market-Clearing Price: 98.750000 Current Market-Clearing Yield: 4.788% Before submitting bids in this auction you must Register or Sign In. Auction Status: ACCEPTING BIDS Auction Start: 4/25/2012 4:30 PM EDT Auction End: 4/26/2012 3:00 PM EDT Last Update: 4/25/2012 4:30:16 PM EDT Security Type: Corporate Bonds Issue Type: Primary Coupon: 4.500% Maturity Date: 3/27/2017 Offering Documents 4.50% 03/27/17 Sr Unsecured | S&P: BBB- | Fitch: BBB- | DBRS: BBB(low) | CUSIP: 989701BB2 Auction Details Zions Bancorporation / 5 Year Corporates Note: This page will check for updates every minute. Zions Bancorporation has filed a registration statement (Registration Statement No. 333-173299, including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus dated April 4, 2011 contained in that registration statement, the preliminary prospectus supplement dated April 24, 2012 and other documents Zions Bancorporation has filed with the SEC for more complete information about Zions Bancorporation and this offering. You may get these documents and other documents Zions Bancorporation has filed for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request these documents by calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611. Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value Bank Deposits and Certificates of Deposit (CDs) are FDIC Insured up to Applicable Limits Securities products and services offered by Zions Direct, Member FINRA / SIPC, a non-bank subsidiary of Zions Bank. Affiliates of Zions Bank or other issuers may purchase CDs or securities through the auction process. The market clearing yield may be lower due to the participation of an affiliate in the auction which may benefit the affiliated issuer. NEWSLETTER Get market information, auction updates, new-issue alerts, and more. It’s weekly and it’s free! Email Address AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE OPEN ACCOUNT LOGIN 1.800.524.8875
Zions Direct Auctions - View Auction 4/25/12 2:31 PM
https://www.auctions.zionsdirect.com/auction/5616 Page 2 of 2
Our Affiliates:
Zions Direct Auctions - Bidding Qualification 4/25/12 2:33 PM
https://www.auctions.zionsdirect.com/auction/5616/sign_in Page 1 of 2
ZDTEST :: HOME :: AUCTION #5616
*The current Market-Clearing Yield/Final Auction Yield is calculated as Yield to Worst (YTW) which is the lowest yield of yield to maturity, yield to call, yield to put, or
other yields when a bond is callable, puttable, exchangeable, or has other features. If a bond is called, put or exchanged before maturity, the bondholder only earns
interest on the time that has elapsed between purchasing the bond and its early redemption. The resulting yield is less than what would have been earned had the
bond been held until maturity.
Bidding Qualification
4.50% 03/27/17 Sr Unsecured | S&P: BBB- | Fitch: BBB- | DBRS: BBB(low) | CUSIP: 989701BB2
Please confirm your agreement with each of the following by checking the box next to each statement.
I agree that the following contact information is correct:
NAME: Test For Zions Direct
E-MAIL: auctions@zionsdirect.com
TELEPHONE: 800-524-8875
I have accessed or received the Offering Documents.
I understand that the Corporate Notes that I am bidding for are securities and are not insured by the FDIC, are not
deposits of any bank and may lose value. All securities are subject to investment risks, including possible loss of
the principal invested.
By participating in this auction, I declare that my investment objective(s), time horizon and risk tolerance allow for
the purchase of the securities being offered. Furthermore, I authorize Zions Direct to update my investor profile, if
needed, to align my profile with this purchase.
I understand that these securities involve accrued interest, which I will be responsible to pay if I am awarded any of
the securities.
I understand that Zions Direct is committed to conducting fair, open, and transparent auctions for the benefit of all
participants. Zions Direct will not tolerate or conduct business with anyone who attempts to disrupt or manipulate
the process for any auction. I agree that by participating in this auction I will not be engaging in any such attempt.
I Agree I DO NOT Agree
Zions Bancorporation / 5 Year Corporates
Zions Bancorporation has filed a registration statement (Registration Statement No. 333-173299, including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus dated April 4, 2011 contained in that registration
statement, the preliminary prospectus supplement dated April 24, 2012 and other documents Zions Bancorporation has filed with the SEC for
more complete information about Zions Bancorporation and this offering. You may get these documents and other documents Zions
Bancorporation has filed for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request these documents by
calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611.
Our Affiliates:
Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value
Bank Deposits and Certificates of Deposit (CDs) are FDIC Insured up to Applicable Limits
Securities products and services offered by Zions Direct, Member FINRA / SIPC, a non-bank subsidiary of Zions Bank.
Affiliates of Zions Bank or other issuers may purchase CDs or securities through the auction process. The market clearing yield may be lower due to the participation of an affiliate in the auction
which may benefit the affiliated issuer.
NEWSLETTER Get market information, auction updates, new-issue alerts, and more. It’s weekly and it’s free! Email Address
OTHER PRODUCTS CONTACT US ABOUT US SITE MAP PRIVACY POLICY TERMS AND CONDITIONS
Please direct questions regarding the website or bidding procedures to the Auction Administrator.
AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS MY ACCOUNT
ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE
OPEN ACCOUNT LOGOUT
1.800.524.8875
Zions Direct Auctions - Bidding Qualification 4/25/12 2:33 PM
https://www.auctions.zionsdirect.com/auction/5616/sign_in Page 2 of 2
You may also call our Investment Center at 800-524-8875 from 8am to Midnight Eastern Time.
Zions Direct Auctions - Bidding Qualification 4/25/12 2:34 PM
https://www.auctions.zionsdirect.com/auction/5616/sign_in Page 1 of 2
ZDBD259 :: HOME :: AUCTION #5616
*The current Market-Clearing Yield/Final Auction Yield is calculated as Yield to Worst (YTW) which is the lowest yield of yield to maturity, yield to call, yield to put, or
other yields when a bond is callable, puttable, exchangeable, or has other features. If a bond is called, put or exchanged before maturity, the bondholder only earns
interest on the time that has elapsed between purchasing the bond and its early redemption. The resulting yield is less than what would have been earned had the
bond been held until maturity.
Bidding Qualification
4.50% 03/27/17 Sr Unsecured | S&P: BBB- | Fitch: BBB- | DBRS: BBB(low) | CUSIP: 989701BB2
Please confirm your agreement with each of the following by checking the box next to each statement.
I agree that the following bidder identification is correct:
Customer Username: ZDBD259
I have accessed or received the Offering Documents.
I understand that the Notes that I am bidding for are securities and are not insured by the FDIC, are not deposits of
any bank and may lose value. All securities are subject to investment risks, including possible loss of the principal
invested.
By participating in this auction, I declare that my investment objective(s), time horizon and risk tolerance allow for
the purchase of the securities being offered.
I understand that these securities involve accrued interest, which I will be responsible to pay if I am awarded any of
the securities.
I understand that Zions Direct is committed to conducting fair, open, and transparent auctions for the benefit of all
participants. Zions Direct will not tolerate or conduct business with anyone who attempts to disrupt or manipulate
the process for any auction. I agree that by participating in this auction I will not be engaging in any such attempt.
I Agree I DO NOT Agree
Zions Bancorporation / 5 Year Corporates
Zions Bancorporation has filed a registration statement (Registration Statement No. 333-173299, including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus dated April 4, 2011 contained in that registration
statement, the preliminary prospectus supplement dated April 24, 2012 and other documents Zions Bancorporation has filed with the SEC for
more complete information about Zions Bancorporation and this offering. You may get these documents and other documents Zions
Bancorporation has filed for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request these documents by
calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611.
Our Affiliates:
Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value
Bank Deposits and Certificates of Deposit (CDs) are FDIC Insured up to Applicable Limits
Securities products and services offered by Zions Direct, Member FINRA / SIPC, a non-bank subsidiary of Zions Bank.
Affiliates of Zions Bank or other issuers may purchase CDs or securities through the auction process. The market clearing yield may be lower due to the participation of an affiliate in the auction
which may benefit the affiliated issuer.
NEWSLETTER Get market information, auction updates, new-issue alerts, and more. It’s weekly and it’s free! Email Address
OTHER PRODUCTS CONTACT US ABOUT US SITE MAP PRIVACY POLICY TERMS AND CONDITIONS
Please direct questions regarding the website or bidding procedures to the Auction Administrator.
You may also call our Investment Center at 800-524-8875 from 8am to Midnight Eastern Time.
AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS MY ACCOUNT
ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE
OPEN ACCOUNT LOGOUT
1.800.524.8875
Zions Direct Auctions - Bidding Qualification 4/25/12 2:34 PM
https://www.auctions.zionsdirect.com/auction/5616/sign_in Page 2 of 2
Zions Direct Auctions - Bid Page 4/25/12 2:33 PM
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ZDTEST :: HOME :: AUCTION #5616
Bid Page
Auction Status: ACCEPTING BIDS
Auction Start: 4/25/2012 4:30 PM EDT
Auction End: 4/26/2012 3:00 PM EDT
Last Update: 4/25/2012 4:33:24 PM EDT
Security Type: Corporate Bonds
Issue Type: Primary
Coupon: 4.500%
Maturity Date: 3/27/2017
Offering Documents
Bid Limit: $ 250,000.00 Calculate/Refresh Submit
4.50% 03/27/17 Sr Unsecured | S&P: BBB- | Fitch: BBB- | DBRS: BBB(low) | CUSIP: 989701BB2
Auction Details
ZDTEST Current Market-Clearing Yield*: 4.788% Current Market-Clearing Price: 98.750000
AUCTION
BIDS Units Price - OR - Yield Submitted
“In the
Money” Principal
Accrued
Interest
Amount
Due
1 %
2 %
3 %
4 %
5 %
Auction Activity Current Market-Clearing Yield*: 4.788% Current Market-Clearing Price: 98.750000
Bidder Units Bid Price Bid Yield Timestamp Potential
Award Principal Accrued
Interest
Potential
Amount Due
#29978 40 -- -- 4/25/2012 4:32:15 PM 40 units $ 39,500.00 $ 170.00 $ 39,670.00
#29978 50 -- -- 4/25/2012 4:32:15 PM 50 units $ 49,375.00 $ 212.50 $ 49,587.50
#30339 5 -- -- 4/25/2012 4:32:05 PM 5 units $ 4,937.50 $ 21.25 $ 4,958.75
#30128 500 -- -- 4/25/2012 4:31:41 PM 500 units $ 493,750.00 $ 2,125.00 $ 495,875.00
#29978 175 -- -- 4/25/2012 4:32:15 PM 175 units $ 172,812.50 $ 743.75 $ 173,556.25
#30297 2,000 -- -- 4/25/2012 4:32:37 PM 2,000 units $ 1,975,000.00 $ 8,500.00 $ 1,983,500.00
#28214 1,000 98.750000 4.788% 4/25/2012 4:32:44 PM 1,000 units $ 987,500.00 $ 4,250.00 $ 991,750.00
Auction Totals: 3,770 units $ 3,722,875.00 $ 16,022.50 $ 3,738,897.50
Zions Bancorporation / 5 Year Corporates
Note: This page will check for updates every minute.
AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS MY ACCOUNT
ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE
OPEN ACCOUNT LOGOUT
1.800.524.8875
Zions Direct Auctions - Bid Page 4/25/12 2:33 PM
https://www.auctions.zionsdirect.com/auction/5616/bidding_qualifica…_20=1&question_21=1&question_38=1&question_40=1&submitting=I+Agree Page 2 of 2
*The current Market-Clearing Yield/Final Auction Yield is calculated as Yield to Worst (YTW) which is the lowest yield of yield to maturity, yield to call, yield to put, or
other yields when a bond is callable, puttable, exchangeable, or has other features. If a bond is called, put or exchanged before maturity, the bondholder only earns
interest on the time that has elapsed between purchasing the bond and its early redemption. The resulting yield is less than what would have been earned had the
bond been held until maturity.
Zions Bancorporation has filed a registration statement (Registration Statement No. 333-173299, including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus dated April 4, 2011 contained in that registration
statement, the preliminary prospectus supplement dated April 24, 2012 and other documents Zions Bancorporation has filed with the SEC for
more complete information about Zions Bancorporation and this offering. You may get these documents and other documents Zions
Bancorporation has filed for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request these documents by
calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611.
Our Affiliates:
Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value
Bank Deposits and Certificates of Deposit (CDs) are FDIC Insured up to Applicable Limits
Securities products and services offered by Zions Direct, Member FINRA / SIPC, a non-bank subsidiary of Zions Bank.
Affiliates of Zions Bank or other issuers may purchase CDs or securities through the auction process. The market clearing yield may be lower due to the participation of an affiliate in the auction
which may benefit the affiliated issuer.
NEWSLETTER Get market information, auction updates, new-issue alerts, and more. It’s weekly and it’s free! Email Address
OTHER PRODUCTS CONTACT US ABOUT US SITE MAP PRIVACY POLICY TERMS AND CONDITIONS
Please direct questions regarding the website or bidding procedures to the Auction Administrator.
You may also call our Investment Center at 800-524-8875 from 8am to Midnight Eastern Time.
Zions Direct Auctions - Review & Confirm Bid Submission 4/25/12 2:33 PM
https://www.auctions.zionsdirect.com/auction/5616/bid Page 1 of 1
ZDTEST :: HOME :: AUCTION #5616
*The current Market-Clearing Yield/Final Auction Yield is calculated as Yield to Worst (YTW) which is the lowest yield of yield to maturity, yield to call, yield to put, or
other yields when a bond is callable, puttable, exchangeable, or has other features. If a bond is called, put or exchanged before maturity, the bondholder only earns
interest on the time that has elapsed between purchasing the bond and its early redemption. The resulting yield is less than what would have been earned had the
bond been held until maturity.
Review & Confirm Bid Submission
Bid Limit: $ 250,000.00
I confirm the bids shown in the table above.
Cancel Confirm
4.50% 03/27/17 Sr Unsecured | S&P: BBB- | Fitch: BBB- | DBRS: BBB(low) | CUSIP: 989701BB2
Bidder Bid # Units @ Price Yield Max. Award Principal Accrued Interest Max. Amt. Due Status
ZDTEST 1 1 @ 98.750000 4.788% 1 Units $ 987.50 $ 4.25 $ 991.75 NEW
I understand that I could be responsible for up to $ 991.75 on my award.
Zions Bancorporation / 5 Year Corporates
Zions Bancorporation has filed a registration statement (Registration Statement No. 333-173299, including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus dated April 4, 2011 contained in that registration
statement, the preliminary prospectus supplement dated April 24, 2012 and other documents Zions Bancorporation has filed with the SEC for
more complete information about Zions Bancorporation and this offering. You may get these documents and other documents Zions
Bancorporation has filed for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request these documents by
calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611.
Our Affiliates:
Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value
Bank Deposits and Certificates of Deposit (CDs) are FDIC Insured up to Applicable Limits
Securities products and services offered by Zions Direct, Member FINRA / SIPC, a non-bank subsidiary of Zions Bank.
Affiliates of Zions Bank or other issuers may purchase CDs or securities through the auction process. The market clearing yield may be lower due to the participation of an affiliate in the auction
which may benefit the affiliated issuer.
NEWSLETTER Get market information, auction updates, new-issue alerts, and more. It’s weekly and it’s free! Email Address
OTHER PRODUCTS CONTACT US ABOUT US SITE MAP PRIVACY POLICY TERMS AND CONDITIONS
Please direct questions regarding the website or bidding procedures to the Auction Administrator.
You may also call our Investment Center at 800-524-8875 from 8am to Midnight Eastern Time.
AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS MY ACCOUNT
ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE
OPEN ACCOUNT LOGOUT
1.800.524.8875