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

December 19, 2011

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HOME :: AUCTION #4591AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOSABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICEOPEN ACCOUNT LOGIN1.800.524.8875


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ResultsAuction Status: CLOSEDAuction Start: 12/12/2011 5:30 PM ESTAuction End: 12/19/2011 1:32 PM ESTLast Update: 12/19/2011 1:34:53 PM ESTSecurity Type: Corporate BondsIssue Type: PrimaryCoupon: 5.250%Maturity Date: 11/7/2016BUY TODAY! INFORMATIONPrice: 100.000000Yield: 5.24%Offering DocumentsNon-redeemable prior to November 7, 2012, then callable at par on interest payment dates thereafter. | BBB- (Fitch); BBB (low) (DBRS); and BBB- (S&P).Auction DetailsBidder Units Price Yield Timestamp Awarded Amount DueBidder 14955 10 100.120607 5.100% 12/19/2011 12:58:34 PM 10 units $ 9,936.00Bidder 24441 50 100.000000 5.242% 12/16/2011 7:10:28 PM 50 units $ 49,680.00Bidder 22271 75 100.000000 5.242% 12/17/2011 6:52:28 PM 75 units $ 74,520.00Bidder 24626 10 100.000000 5.242% 12/19/2011 11:57:33 AM 10 units $ 9,936.00Bidder 28817 2 100.000000 5.242% 12/19/2011 1:14:00 PM 2 units $ 1,987.20Bidder 28961 5 99.994000 5.250% 12/19/2011 1:26:04 PM 5 units $ 4,968.00Bidder 21363 10 99.989384 5.251% 12/15/2011 2:01:10 PM 10 units $ 9,936.00Bidder 25483 15 99.641329 5.333% 12/18/2011 3:15:39 PM 15 units $ 14,904.00Bidder 28214 150 99.360000 5.400% 12/19/2011 1:30:08 PM 123 units $ 122,212.80Bidder 26627 20 99.358007 5.400% 12/19/2011 11:58:40 AM Rejected: PriceBidder 23436 150 99.100000 5.461% 12/19/2011 1:27:17 PM Rejected: PriceBidder 23436 50 99.070000 5.468% 12/19/2011 1:27:17 PM Rejected: PriceBidder 28921 5 99.063018 5.470% 12/19/2011 1:14:32 PM Rejected: PriceBidder 27700 20 99.054605 5.472% 12/19/2011 1:19:22 PM Rejected: PriceBidder 23436 50 99.050000 5.473% 12/19/2011 1:27:17 PM Rejected: PriceBidder 27555 25 99.000000 5.485% 12/16/2011 7:07:10 PM Rejected: PriceBidder 28817 5 99.000000 5.485% 12/18/2011 2:25:27 PM Rejected: PriceBidder 24773 5 99.000000 5.485% 12/19/2011 1:11:12 PM Rejected: PriceBidder 24773 1 99.000000 5.485% 12/19/2011 1:11:12 PM Rejected: PriceBidder 24672 3 98.936913 5.500% 12/18/2011 6:36:50 PM Rejected: PriceBidder 21331 10 98.853000 5.520% 12/19/2011 12:26:44 PM Rejected: PriceBidder 24225 15 98.660000 5.566% 12/19/2011 12:30:08 PM Rejected: PriceBidder 21771 1 98.653000 5.568% 12/19/2011 12:45:59 PM Rejected: PriceBidder 18513 1 98.650000 5.568% 12/19/2011 1:02:26 PM Rejected: PriceBidder 21331 10 98.517931 5.600% 12/16/2011 4:49:46 PM Rejected: PriceBidder 19484 5 98.309230 5.650% 12/17/2011 8:30:25 PM Rejected: PriceBids Final Market-Clearing Price: 99.36000Final Market-Clearing Yield*: 5.400% 0Zions Bancorporation Senior Note / 5 Year CorporatesNotice: The auction has been extended until 12/19/2011 1:32:08 PM EST.


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*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, orother 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 earnsinterest 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 thebond been held until maturity.Bidder 19484 5 98.184260 5.680% 12/17/2011 8:31:36 PM Rejected: PriceBidder 24672 3 98.142646 5.690% 12/18/2011 6:36:50 PM Rejected: PriceBidder 28918 2 98.000000 5.724% 12/15/2011 10:27:20 PM Rejected: PriceBidder 28939 10 98.000000 5.724% 12/16/2011 4:06:34 PM Rejected: PriceBidder 28692 10 97.934886 5.740% 12/16/2011 1:35:14 PM Rejected: PriceBidder 28918 1 97.500000 5.845% 12/15/2011 10:27:20 PM Rejected: PriceBidder 18373 10 97.273550 5.900% 12/17/2011 1:12:01 AM Rejected: PriceBidder 22548 2 97.026916 5.960% 12/17/2011 12:44:00 AM Rejected: PriceBidder 26949 1 97.000000 5.967% 12/15/2011 5:27:29 PM Rejected: PriceBidder 26949 1 97.000000 5.967% 12/15/2011 5:48:41 PM Rejected: PriceBidder 28817 7 97.000000 5.967% 12/16/2011 1:45:48 PM Rejected: PriceBidder 28939 10 97.000000 5.967% 12/16/2011 4:09:38 PM Rejected: PriceBidder 18344 5 97.000000 5.967% 12/17/2011 12:16:11 PM Rejected: PriceAuction Totals: 300 units $ 298,080.00Direct OrdersBidder Units Yield Timestamp Awarded Amount DueBidder 24708 2 5.24% 12/16/2011 2:34:30 PM 2 units $ 2,000.00Bidder 26763 5 5.24% 12/16/2011 3:40:52 PM 5 units $ 5,000.00Bidder 14942 7 5.24% 12/16/2011 6:12:57 PM 7 units $ 7,000.00Bidder 22858 10 5.24% 12/17/2011 6:37:25 PM 10 units $ 10,000.00Bidder 23424 100 5.24% 12/18/2011 10:11:51 PM 100 units $ 100,000.00Auction Totals: 124 units $ 124,000.00Our Affiliates:Investment Products: Not FDIC Insured • No Bank Guarantee • May Lose ValueBank Deposits and Certificates of Deposit (CDs) are FDIC Insured up to Applicable LimitsSecurities 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 auctionwhich may benefit the affiliated issuer.NEWSLETTER Get market information, auction updates, new-issue alerts, and more. It’s weekly and it’s free! Email AddressOTHER PRODUCTS CONTACT US ABOUT US SITE MAP PRIVACY POLICY TERMS AND CONDITIONSPlease 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.


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