Free Writing Prospectus

Free Writing Prospectus

(To the Prospectus dated April 4, 2011, as supplemented by

the prospectus supplement dated April 19, 2011)

 

Filed Pursuant to Rule 433

Registration Statement No. 333-173299

November 9, 2011

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ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS 1.800.524.8875 HOME :: AUCTION #4282 ZIONS DIRECT® Action Results


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Zions Bancorporation Senior Note / 5 Year Corporates Non-redeemable prior to November 7, 2012, then callable at par on interest payment dates thereafter. | BBB- (Fitch); BBB (low) (DBRS); and BBB- (S&P). Notice: The auction has been extended until 11/9/2011 1:35:25 PM EST. Offering documents Auction Status: CLOSED Security Type: Corporate Bonds BUY TODAY! INFORMATION Auction Start: 11/2/2011 5:30 PM EDT Issue Type: Primary Price: 100.000000 Auction End: 11/9/2011 1:35 PM EST Coupon: 5.250% Yield: 5.25% Last Update: 11/9/2011 2:36:19 PM EST Maturity Date: 11/7/2016 Auction Details Bids Final Market-Clearing Yield*: 5.470% Final Market-Clearing Price: 99.050000 Bidder 25667 40 100.045648 5.200% 11/8/2011 2:46:20 PM 40 units $ 39,620.00 Bidder 28480 30 100.000000 5.248% 11/4/2011 2:44:14 PM 30 units $ 29,715.00 Bidder 20317 10 99.999503 5.249% 11/4/2011 3:10:50 PM 10 units $ 9,905.00 Bidder 25630 19 99.999503 5.249% 11/7/2011 11:40:40 AM 19 units $ 18,819.50 Bidder 14033 16 99.998561 5.250% 11/4/2011 12:02:01 PM 16 units $ 15,848.00 Bidder 28730 5 99.998561 5.250% 11/9/2011 1:32:04 PM 5 units $ 4,952.50 Bidder 27821 1 99.900000 5.273% 11/9/2011 1:32:46 PM 1 unit $ 990.50 Bidder 26878 25 99.870000 5.280% 11/7/2011 4:56:15 PM 25 units $ 24,762.50 Bidder 21217 3 99.821000 5.291% 11/4/2011 3:47:26 PM 3 units $ 2,971.50 Bidder 22070 1 99.782277 5.300% 11/4/2011 3:20:28 PM 1 unit $ 990.50 Bidder 22926 10 99.782277 5.300% 11/9/2011 11:38:44 AM 10 units $ 9,905.00 Bidder 24773 2 99.502000 5.365% 11/9/2011 1:35:17 PM 2 units $ 1,981.00 Bidder 22879 5 99.500000 5.365% 11/9/2011 1:06:22 PM 5 units $ 4,952.50 Bidder 21477 5 99.500000 5.365% 11/9/2011 1:34:07 PM 5 units $ 4,952.50 Bidder 22964 5 99.351370 5.400% 11/9/2011 1:34:09 PM 5 units $ 4,952.50 Bidder 23436 250 99.100000 5.459% 11/9/2011 1:33:25 PM 250 units $ 247,625.00 Bidder 13585 5 99.059612 5.468% 11/9/2011 1:35:13 PM 5 units $ 4,952.50 Bidder 28214 250 99.050000 5.470% 11/9/2011 1:30:33 PM 68 units $ 67,354.00 Bidder 28732 25 99.000000 5.482% 11/9/2011 10:34:41 AM Rejected: Price Bidder 21477 5 99.000000 5.482% 11/9/2011 1:25:26 PM Rejected: Price Bidder 23436 250 99.000000 5.482% 11/9/2011 1:33:25 PM Rejected: Price Bidder 22333 5 98.987300 5.485% 11/9/2011 1:28:33 PM Rejected: Price Bidder 18907 3 98.965437 5.490% 11/3/2011 8:20:46 AM Rejected: Price Bidder 24788 50 98.935000 5.497% 11/9/2011 1:34:01 PM Rejected: Price Bidder 22830 50 98.926942 5.499% 11/9/2011 1:15:10 PM Rejected: Price Bidder 28088 5 98.923000 5.500% 11/9/2011 1:32:26 PM Rejected: Price


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Bidder 28732 10 5.25% 11/7/2011 8:46:06 PM 10 units $ 10,000.00 Bidder 28731 5 5.25% 11/8/2011 10:22:54 AM 5 units $ 5,000.00 Bidder 11607 5 5.25% 11/8/2011 3:12:54 PM 5 units $ 5,000.00 Bidder 25556 6 5.25% 11/8/2011 3:22:06 PM 6 units $ 6,000.00 Auction Totals: 56 units $ 56,000.00 *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. NEWSLETTER Get market information, auction updates, new-issue alerts, and more. It’s weekly and it’s free! Email Address 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. ZINOS DIRECT Our Affiliates: Amegy Bank of Texas CALIFORNIA BANK THE COMMERCE BANK OF ORGEN THE COMMERCE BANK OF WASHINGTON NATIONAL Bank NEVADA STATE BANK VECTRABANK ZIONS BANK 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. SECURED BY Entrust SSL VERIFY


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ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE ZIONS DIRECT Auctions AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS OPEN ACCOUNT LOGIN 1.800.524.8875 HOME :: AUCTION #4282


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Results Zions Bancorporation Senior Note / 5 Year Corporates Non-redeemable prior to November 7, 2012, then callable at par on interest payment dates thereafter. | BBB- (Fitch); BBB (low) (DBRS); and BBB- (S&P). ZIONS BANCORPORATION Notice: The auction has been extended until 11/9/2011 1:35:25 PM EST. Auction Status: CLOSED Security Type: Corporate Bonds BUY TODAY! INFORMATION Auction Start: 11/2/2011 5:30 PM EDT Issue Type: Primary Price: 100.000000 Auction End: 11/9/2011 1:35 PM EST Coupon: 5.250% Yield: 5.25% Last Update: 11/9/2011 2:39:53 PM EST Maturity Date: 11/7/2016

Offering Documents Auction Details Bids Final Market-Clearing Yield*: 5.470% Final Market-Clearing Price: 99.050000

Bidder Units Price Yield Timestamp Awarded Amount Due Bidder 21511 50 98.100000 5.693% 11/9/2011 12:48:08 PM Rejected: Price Bidder 16745 10 98.000000 5.717% 11/3/2011 10:46:29 AM Rejected: Price Bidder 22822 7 98.000000 5.717% 11/9/2011 11:35:41 AM Rejected: Price Bidder 28088 5 97.999896 5.717% 11/9/2011 10:56:08 AM Rejected: Price Bidder 23639 20 97.860463 5.750% 11/5/2011 10:17:17 PM Rejected: Price Bidder 23638 20 97.860463 5.750% 11/5/2011 10:33:12 PM Rejected: Price

Bidder 24058 20 97.860463 5.750% 11/5/2011 11:09:27 PM Rejected: Price Bidder 24059 5 97.860463 5.750% 11/5/2011 11:24:21 PM Rejected: Price Bidder 21808 50 97.860463 5.750% 11/9/2011 10:43:10 AM Rejected: Price Bidder 28730 1 97.860463 5.750% 11/9/2011 12:19:42 PM Rejected: Price Bidder 21511 28 97.800000 5.764% 11/4/2011 12:33:25 PM Rejected: Price Bidder 22333 5 97.800000 5.764% 11/7/2011 6:25:26 PM Rejected: Price Bidder 28088 5 97.650000 5.800% 11/9/2011 10:47:43 AM Rejected: Price Bidder 19484 5 97.500000 5.836% 11/5/2011 10:21:19 PM Rejected: Price Bidder 24234 5 97.500000 5.836% 11/9/2011 11:12:19 AM Rejected: Price Bidder 17852 20 97.439373 5.850% 11/4/2011 3:25:34 PM Rejected: Price Bidder 28717 5 97.300000 5.883% 11/9/2011 10:48:31 AM Rejected: Price Bidder 28717 5 97.300000 5.883% 11/9/2011 10:48:31 AM Rejected: Price Bidder 24651 5 97.250584 5.895% 11/9/2011 5:47:39 AM Rejected: Price Bidder 21808 50 97.229634 5.900% 11/9/2011 10:43:10 AM Rejected: Price Bidder 23425 10 97.100000 5.931% 11/6/2011 10:08:54 PM Rejected: Price Bidder 23706 50 97.100000 5.931% 11/7/2011 11:56:47 PM Rejected: Price Bidder 28739 10 97.100000 5.931% 11/8/2011 11:58:30 PM Rejected: Price Bidder 16805 25 97.020431 5.950% 11/7/2011 2:30:59 PM Rejected: Price Bidder 28450 5 97.020431 5.950% 11/8/2011 7:24:37 PM Rejected: Price

Bidder 28088 5 97.002000 5.954% 11/7/2011 7:48:43 PM Rejected: Price


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Bidder 22771 10 97.000001 5.955% 11/7/2011 10:11:12 AM Rejected: Price Bidder 26296 50 97.000000 5.955% 11/4/2011 8:59:07 PM Rejected: Price Bidder 28720 50 97.000000 5.955% 11/4/2011 10:47:22 PM Rejected: Price Bidder 2851 5 97.000000 5.955% 11/5/2011 11:34:29 AM Rejected: Price Bidder 23085 5 97.000000 5.955% 11/7/2011 5:15:19 PM Rejected: Price Auction Totals: 500 units $ 495,250.00 Page 2 of 2 Direct Orders Bidder Units Yield Timestamp Awarded Amount Due Bidder 18907 4 5.25% 11/3/2011 8:20:46 AM 4 units $ 4,000.00 Bidder 25508 4 5.25% 11/3/2011 12:01:48 PM 4 units $ 4,000.00 Bidder 22212 5 5.25% 11/3/2011 1:26:29 PM 5 units $ 5,000.00 Bidder 22798 1 5.25% 11/3/2011 10:16:43 PM 1 unit $ 1,000.00 Bidder 21217 2 5.25% 11/4/2011 3:47:26 PM 2 units $ 2,000.00 Bidder 26967 3 5.25% 11/4/2011 9:29:26 PM 3 units $ 3,000.00 Bidder 27607 4 5.25% 11/7/2011 1:07:26 PM 4 units $ 4,000.00 Bidder 26728 7 5.25% 11/7/2011 5:37:41 PM 7 units $ 7,000.00 Bidder 28732 10 5.25% 11/7/2011 8:46:06 PM 10 units $ 10,000.00 Bidder 28731 5 5.25% 11/8/2011 10:22:54 AM 5 units $ 5,000.00 Bidder 11607 5 5.25% 11/8/2011 3:12:54 PM 5 units $ 5,000.00 Bidder 25556 6 5.25% 11/8/2011 3:22:06 PM 6 units $ 6,000.00 Auction Totals: 56 units $ 56,000.00 *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. NEWSLETTER Get market information, auction updates, new-issue alerts, and more. It’s weekly and it’s free! Email Address 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 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. 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. Zions direct ®out affiliates: Amergybank cb CALIFORNIA BANK THE COMMERCE BANK ORGEN THER COMMERCE BANK Nation bank NEVADA STATE BANK VECTRABANK ZIONS BANK


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You may also call our Investment Center at 800-524-8875 from 8am to Midnight Eastern Time. Entrust