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PRICING SUPPLEMENT NO. 15, DATED: JULY 23, 2001 RULE 424(b)(2)
to Prospectus Supplement Dated December 11, 2000 REGISTRATION STATEMENT NO. 333-50802
to Prospectus Dated December 11, 2000
KEYCORP
$25,000,000
[X] SENIOR MEDIUM-TERM NOTES, SERIES F
[ ] SUBORDINATED MEDIUM-TERM NOTES, SERIES E
[X] Floating Rate Notes [ ] ___% Fixed Rate Notes
[X] Book-Entry Notes [ ] Certificated Notes
Original Issue Date: JULY 25, 2001
Maturity Date: July 25, 2003
Issue Price: 99.9611%
Paying Agent: Bankers Trust Company
Authenticating Agent: Bankers Trust Company
Option to Elect Redemption: [ ] Yes [X} No Option to Extend Maturity: [ ] Yes [X] No
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Redemption Date(s): Extended Maturity Dates:
Initial Redemption Percentage: Notice of Extension Date(s):
Annual Redemption Percentage Reduction:
Option to Elect Repayment: [ ] Yes [X] No Specified Currency (not U.S. Dollars): [ ] Yes [X] No
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Repayment Date(s): n/a Authorized Denominations:
Repayment Price(s): n/a Exchange Rate Agency:
Repurchase Price (if any): n/a Optional Interest Rate Reset: [ ] Yes [X] No
Amortization Schedule (if any): n/a Optional Interest Rate Reset Dates: [ ] Yes [X] No
Sinking Fund Defeasance: [ ] Yes [X] No Optional Extension of Maturity: [ ] Yes [X] No
Length of Extension Period: [ ] Yes [X] No
Minimum Denominations: [X] $1,000 [ ] Other:
FIXED RATE NOTES ONLY
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Interest Computation Period:
Interest Payment Dates:
Regular Record Dates if other than June 15 and December 15:
2
FLOATING RATE NOTES ONLY
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BASE RATE:
----------
[ ] CD Rate [ ] Treasury Rate
[ ] Commercial Paper Rate [ ] CMT Rate
[ ] Federal Funds Rate [ ] 11th District Cost of Funds Rate
[X] LIBOR [ ] Other (specify):
[ ] Prime Rate
Initial Interest Rate: 3-month LIBOR effective Interest Determination Date: Two London business
on July 23, 2001 plus .24% days prior to each Interest Reset Date
Index Maturity: 3-month LIBOR Interest Reset Period: Quarterly
Spread (Plus or minus): plus .24% Interest Reset Dates: Quarterly, on the 25th of each
January, April, July and October,
commencing on October 25, 2001
Maximum Interest Rate: n/a Interest Payment Dates: Quarterly, on the 25th of each
January, April, July and October,
commencing on October 25, 2001
Minimum Interest Rate: n/a Calculation Date: n/a
Total Amount of OID: n/a Calculation Agent: KeyBank National Association
Yield to Maturity: n/a Spread Multiplier: n/a
Initial Accrual Period OID Telerate Page: 3750
and Designated Method: n/a
Other Terms (if any): n/a
AGENT: [ ] Salomon Smith Barney Inc. Agent's Discount or Commission: $9,725 (.0389%)
[ ] Chase Securities Inc. Trade Date: July 20, 2001
[ ] Credit Suisse First Boston Corporation Proceeds to KeyCorp: $24,990,275
[ ] Deutsche Bank Securities Inc.
[ ] Goldman, Sachs & Co.
[ ] Lehman Brothers Inc.
[ ] McDonald Investments Inc.
[ ] J.P. Morgan Securities Inc.
[ ] Morgan Stanley & Co. Incorporated
[X] Other: UBS Warburg LLC
[ ] Acting as Agent [ ] Agent is acting as Agent for the sale of Notes by KeyCorp at a price of
% of the principal amount
[X] Acting as Principal [X] Agent is purchasing Notes from KeyCorp as Principal for
resale to investors and other purchasers at:
[ ] a fixed public offering price of % of the Principal amount
[X] varying prices related to prevailing market prices at the time of
resale to be determined by such Agent