FWP

Free Writing Prospectus

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

the Prospectus Supplement dated May 13, 2013)

   

Filed Pursuant to Rule 433

Registration Statement No. 333-173299

May 16, 2013

 

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Zions Direct Auctions - Results 5/16/13 2:10 PM ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE OPEN ACCOUNT LOGIN 1.800.524.8875 AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS HOME :: HOME :: AUCTION #9591 Results Zions Bancorporation / Preferred Stock Series I Fixed/Floating Rate Non-Cumulative Perpetual Preferred, Non-Callable 10 Years, S&P:BB | Fitch:B | DBRS:B(low) | Kroll:BB The public offering price of each share will be $1,000. Notice: The auction has been extended until 5/16/2013 4:03:30 PM EDT. Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 5/15/2013 9:00 AM EDT Coupon 5.800% Auction End: 5/16/2013 4:03 PM EDT Last Update: 5/16/2013 4:10:13 PM EDT Offering Documents Auction Details ISSUE INFORMATION BIDDING INFORMATION CUSIP Number: 989701BD8 Auction Phase: Pricing Minimum Offering: 100,000 Principal Offered: $ 250,000,000.00 Maximum Offering: 250,000 Units Offered: 250,000 Sizing Phase End: 5/16/2013 8:35 AM EDT Number of Bidders: 108 Bid Multiple: Multiples of 0.05 Number of Bids: 181 Min. Yield: 5.450% Amt. of Bids: $ 430,786.00 Max. Yield: 5.950% Coverage: 172.31% Fixed Price: $ 1,000.00 Highest Bid: $ 1,000.00 Lowest Bid: $ 1,000.00 About the Issuer Bid Spread: $ 0.00 Num. Bids Accepted: 139 Num. Bidders with Bids Accepted: 92 Highest Bid Accepted: $ 1,000.00 Lowest Bid Accepted: $ 1,000.00 Bids Final Market-Clearing Yield: 5.800% Amount Bidder Units Yield Fixed Price Timestamp Awarded Due #34591 250 5.450% $ 1,000.00 5/15/2013 9:00:43 AM 250 units $ 250,000.00 #34593 558 5.450% $ 1,000.00 5/15/2013 9:01:16 AM 558 units $ 558,000.00 #28519 10 5.450% $ 1,000.00 5/15/2013 9:02:30 AM 10 units $ 10,000.00 #31345 2,500 5.450% $ 1,000.00 5/15/2013 9:02:34 AM 2,500 units $ 2,500,000.00 #34592 283 5.450% $ 1,000.00 5/15/2013 9:02:38 AM 283 units $ 283,000.00 #27844 1,000 5.450% $ 1,000.00 5/15/2013 9:03:23 AM 1,000 units $ 1,000,000.00 #30762 4,000 5.450% $ 1,000.00 5/15/2013 9:08:42 AM 4,000 units $ 4,000,000.00 https://www.auctions.zionsdirect.com/auction/9591/results Page 1 of 3


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Zions Direct Auctions - Results 5/16/13 2:10 PM #13718 4 5.450% $ 1,000.00 5/15/2013 9:24:59 AM 4 units $ 4,000.00 #34498 1,350 5.450% $ 1,000.00 5/15/2013 9:37:13 AM 1,350 units $ 1,350,000.00 #30376 30,000 5.450% $ 1,000.00 5/15/2013 9:40:43 AM 30,000 units $ 30,000,000.00 #32909 20 5.450% $ 1,000.00 5/15/2013 9:41:52 AM 20 units $ 20,000.00 #33812 9,531 5.450% $ 1,000.00 5/15/2013 9:57:09 AM 9,531 units $ 9,531,000.00 #33699 25 5.450% $ 1,000.00 5/15/2013 10:10:17 AM 25 units $ 25,000.00 #22212 5 5.450% $ 1,000.00 5/15/2013 10:20:56 AM 5 units $ 5,000.00 #22333 10 5.450% $ 1,000.00 5/15/2013 10:23:56 AM 10 units $ 10,000.00 #34498 50 5.450% $ 1,000.00 5/15/2013 10:36:48 AM 50 units $ 50,000.00 #34497 100 5.450% $ 1,000.00 5/15/2013 10:43:56 AM 100 units $ 100,000.00 #34497 100 5.450% $ 1,000.00 5/15/2013 10:43:56 AM 100 units $ 100,000.00 #34497 100 5.450% $ 1,000.00 5/15/2013 10:43:56 AM 100 units $ 100,000.00 #34497 100 5.450% $ 1,000.00 5/15/2013 10:43:56 AM 100 units $ 100,000.00 #34497 100 5.450% $ 1,000.00 5/15/2013 10:43:56 AM 100 units $ 100,000.00 #11607 5 5.450% $ 1,000.00 5/15/2013 10:47:35 AM 5 units $ 5,000.00 #34506 250 5.450% $ 1,000.00 5/15/2013 10:52:59 AM 250 units $ 250,000.00 #34506 250 5.450% $ 1,000.00 5/15/2013 10:52:59 AM 250 units $ 250,000.00 #34506 500 5.450% $ 1,000.00 5/15/2013 10:52:59 AM 500 units $ 500,000.00 #34515 100 5.450% $ 1,000.00 5/15/2013 11:06:00 AM 100 units $ 100,000.00 #13278 100 5.450% $ 1,000.00 5/15/2013 11:06:31 AM 100 units $ 100,000.00 #30762 2,000 5.450% $ 1,000.00 5/15/2013 11:16:49 AM 2,000 units $ 2,000,000.00 #34507 250 5.450% $ 1,000.00 5/15/2013 11:19:39 AM 250 units $ 250,000.00 #34515 950 5.450% $ 1,000.00 5/15/2013 11:40:39 AM 950 units $ 950,000.00 #33748 25 5.450% $ 1,000.00 5/15/2013 11:41:08 AM 25 units $ 25,000.00 #22941 30 5.450% $ 1,000.00 5/15/2013 11:45:28 AM 30 units $ 30,000.00 #33700 50 5.450% $ 1,000.00 5/15/2013 12:15:42 PM 50 units $ 50,000.00 #33664 5 5.450% $ 1,000.00 5/15/2013 12:28:50 PM 5 units $ 5,000.00 #33749 50 5.450% $ 1,000.00 5/15/2013 12:40:20 PM 50 units $ 50,000.00 #30763 50 5.450% $ 1,000.00 5/15/2013 12:48:38 PM 50 units $ 50,000.00 #33701 200 5.450% $ 1,000.00 5/15/2013 12:48:43 PM 200 units $ 200,000.00 #33812 3,538 5.450% $ 1,000.00 5/15/2013 1:10:49 PM 3,538 units $ 3,538,000.00 #33750 23 5.450% $ 1,000.00 5/15/2013 1:13:47 PM 23 units $ 23,000.00 #33751 7 5.450% $ 1,000.00 5/15/2013 1:15:41 PM 7 units $ 7,000.00 https://www.auctions.zionsdirect.com/auction/9591/results Page 2 of 3


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Zions Direct Auctions - Results 5/16/13 2:10 PM #33752 50 5.450% $ 1,000.00 5/15/2013 2:02:34 PM 50 units $ 50,000.00 #33702 250 5.450% $ 1,000.00 5/15/2013 2:22:52 PM 250 units $ 250,000.00 #34515 35 5.450% $ 1,000.00 5/15/2013 2:24:51 PM 35 units $ 35,000.00 #33703 25 5.450% $ 1,000.00 5/15/2013 2:34:07 PM 25 units $ 25,000.00 #33704 40 5.450% $ 1,000.00 5/15/2013 2:37:05 PM 40 units $ 40,000.00 #33665 75 5.450% $ 1,000.00 5/15/2013 3:11:38 PM 75 units $ 75,000.00 #27526 100 5.450% $ 1,000.00 5/15/2013 3:36:49 PM 100 units $ 100,000.00 #32923 3,945 5.450% $ 1,000.00 5/15/2013 4:25:13 PM 3,945 units $ 3,945,000.00 #34600 8 5.450% $ 1,000.00 5/15/2013 4:41:18 PM 8 units $ 8,000.00 #33666 10 5.450% $ 1,000.00 5/15/2013 4:41:59 PM 10 units $ 10,000.00 Auction Totals: 250,000 units $ 250,000,000.00 Page 1 of 4 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 May 13, 2013 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, Goldman, Sachs & Co. toll-free at 1-866-471-2526, Keefe, Bruyette & Woods, Inc. toll free at 1-800-966-1559 or Macquarie Capital (USA) Inc. toll-free at 1-888-268-3967. 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. Our Affiliates: 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. https://www.auctions.zionsdirect.com/auction/9591/results Page 3 of 3


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Zions Direct Auctions - Results 5/16/13 2:10 PM ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE OPEN ACCOUNT LOGIN 1.800.524.8875 AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS HOME :: HOME :: AUCTION #9591 Results Zions Bancorporation / Preferred Stock Series I Fixed/Floating Rate Non-Cumulative Perpetual Preferred, Non-Callable 10 Years, S&P:BB | Fitch:B | DBRS:B(low) | Kroll:BB The public offering price of each share will be $1,000. Notice: The auction has been extended until 5/16/2013 4:03:30 PM EDT. Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 5/15/2013 9:00 AM EDT Coupon 5.800% Auction End: 5/16/2013 4:03 PM EDT Last Update: 5/16/2013 4:10:36 PM EDT Offering Documents Auction Details ISSUE INFORMATION BIDDING INFORMATION CUSIP Number: 989701BD8 Auction Phase: Pricing Minimum Offering: 100,000 Principal Offered: $ 250,000,000.00 Maximum Offering: 250,000 Units Offered: 250,000 Sizing Phase End: 5/16/2013 8:35 AM EDT Number of Bidders: 108 Bid Multiple: Multiples of 0.05 Number of Bids: 181 Min. Yield: 5.450% Amt. of Bids: $ 430,786.00 Max. Yield: 5.950% Coverage: 172.31% Fixed Price: $ 1,000.00 Highest Bid: $ 1,000.00 Lowest Bid: $ 1,000.00 About the Issuer Bid Spread: $ 0.00 Num. Bids Accepted: 139 Num. Bidders with Bids Accepted: 92 Highest Bid Accepted: $ 1,000.00 Lowest Bid Accepted: $ 1,000.00 Bids Final Market-Clearing Yield: 5.800% Amount Bidder Units Yield Fixed Price Timestamp Awarded Due #33705 100 5.450% $ 1,000.00 5/15/2013 4:42:02 PM 100 units $ 100,000.00 #33706 100 5.450% $ 1,000.00 5/15/2013 4:46:41 PM 100 units $ 100,000.00 #33667 50 5.450% $ 1,000.00 5/15/2013 4:52:08 PM 50 units $ 50,000.00 #33707 100 5.450% $ 1,000.00 5/15/2013 5:05:49 PM 100 units $ 100,000.00 #34601 200 5.450% $ 1,000.00 5/15/2013 5:13:55 PM 200 units $ 200,000.00 #27100 5 5.450% $ 1,000.00 5/15/2013 6:21:15 PM 5 units $ 5,000.00 #31802 1 5.450% $ 1,000.00 5/15/2013 6:24:51 PM 1 unit $ 1,000.00 https://www.auctions.zionsdirect.com/auction/9591/results?csrf_toke…9eb16002c0219ae8ff3b38d&sort=ytw&sort_direction=asc&page=2&pages=4 Page 1 of 3


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Zions Direct Auctions - Results 5/16/13 2:10 PM #30849 1,000 5.450% $ 1,000.00 5/16/2013 8:29:32 AM 1,000 units $ 1,000,000.00 #34605 2 5.450% $ 1,000.00 5/16/2013 9:48:39 AM 2 units $ 2,000.00 #24483 57 5.450% $ 1,000.00 5/16/2013 10:37:59 AM 57 units $ 57,000.00 #33812 2,340 5.450% $ 1,000.00 5/16/2013 10:46:26 AM 2,340 units $ 2,340,000.00 #34518 25 5.450% $ 1,000.00 5/16/2013 11:14:09 AM 25 units $ 25,000.00 #32977 100 5.450% $ 1,000.00 5/16/2013 12:37:46 PM 100 units $ 100,000.00 #33820 10,000 5.450% $ 1,000.00 5/16/2013 12:41:23 PM 10,000 units $ 10,000,000.00 #33666 10 5.450% $ 1,000.00 5/16/2013 1:21:59 PM 10 units $ 10,000.00 #28298 1 5.450% $ 1,000.00 5/16/2013 1:22:35 PM 1 unit $ 1,000.00 #33754 15 5.450% $ 1,000.00 5/16/2013 2:09:12 PM 15 units $ 15,000.00 #33812 1,279 5.450% $ 1,000.00 5/16/2013 2:22:05 PM 1,279 units $ 1,279,000.00 #34601 50 5.450% $ 1,000.00 5/16/2013 2:25:50 PM 50 units $ 50,000.00 #34515 50 5.450% $ 1,000.00 5/16/2013 2:39:19 PM 50 units $ 50,000.00 #33668 325 5.450% $ 1,000.00 5/16/2013 2:41:54 PM 325 units $ 325,000.00 #24494 30 5.450% $ 1,000.00 5/16/2013 2:55:05 PM 30 units $ 30,000.00 #18980 15 5.450% $ 1,000.00 5/16/2013 3:20:03 PM 15 units $ 15,000.00 #34518 50 5.450% $ 1,000.00 5/16/2013 3:36:50 PM 50 units $ 50,000.00 #33812 1,047 5.450% $ 1,000.00 5/16/2013 3:51:30 PM 1,047 units $ 1,047,000.00 #30762 1,000 5.450% $ 1,000.00 5/16/2013 3:59:27 PM 1,000 units $ 1,000,000.00 #33793 5,000 5.500% $ 1,000.00 5/15/2013 9:22:15 AM 5,000 units $ 5,000,000.00 #6290 2 5.500% $ 1,000.00 5/15/2013 10:51:12 AM 2 units $ 2,000.00 #13950 2 5.500% $ 1,000.00 5/15/2013 10:54:47 AM 2 units $ 2,000.00 #9610 5 5.500% $ 1,000.00 5/15/2013 11:18:00 AM 5 units $ 5,000.00 #32923 250 5.500% $ 1,000.00 5/16/2013 11:07:14 AM 250 units $ 250,000.00 #28519 5 5.500% $ 1,000.00 5/16/2013 2:43:19 PM 5 units $ 5,000.00 #22124 11 5.550% $ 1,000.00 5/15/2013 9:51:00 AM 11 units $ 11,000.00 #33753 50 5.550% $ 1,000.00 5/16/2013 11:46:21 AM 50 units $ 50,000.00 #21162 20 5.600% $ 1,000.00 5/15/2013 12:08:31 PM 20 units $ 20,000.00 #34605 3 5.600% $ 1,000.00 5/16/2013 9:48:39 AM 3 units $ 3,000.00 #34498 1,000 5.700% $ 1,000.00 5/15/2013 9:37:13 AM 1,000 units $ 1,000,000.00 #34498 2,000 5.700% $ 1,000.00 5/15/2013 11:02:15 AM 2,000 units $ 2,000,000.00 #30758 1,000 5.700% $ 1,000.00 5/15/2013 11:13:05 AM 1,000 units $ 1,000,000.00 #32923 1,600 5.700% $ 1,000.00 5/15/2013 4:25:13 PM 1,600 units $ 1,600,000.00 https://www.auctions.zionsdirect.com/auction/9591/results?csrf_toke…9eb16002c0219ae8ff3b38d&sort=ytw&sort_direction=asc&page=2&pages=4 Page 2 of 3


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Zions Direct Auctions - Results 5/16/13 2:10 PM #34518 50 5.700% $ 1,000.00 5/15/2013 4:57:34 PM 50 units $ 50,000.00 #33708 100 5.700% $ 1,000.00 5/15/2013 6:29:50 PM 100 units $ 100,000.00 #33709 250 5.700% $ 1,000.00 5/15/2013 6:37:55 PM 250 units $ 250,000.00 #33711 25 5.700% $ 1,000.00 5/15/2013 6:59:37 PM 25 units $ 25,000.00 #21789 25 5.700% $ 1,000.00 5/16/2013 9:20:41 AM 25 units $ 25,000.00 #33710 580 5.700% $ 1,000.00 5/16/2013 10:33:15 AM 580 units $ 580,000.00 #33712 500 5.700% $ 1,000.00 5/16/2013 12:36:50 PM 500 units $ 500,000.00 #25702 400 5.700% $ 1,000.00 5/16/2013 2:23:57 PM 400 units $ 400,000.00 #34515 200 5.700% $ 1,000.00 5/16/2013 2:39:19 PM 200 units $ 200,000.00 #33662 14 5.750% $ 1,000.00 5/15/2013 9:02:31 AM 14 units $ 14,000.00 Auction Totals: 250,000 units $ 250,000,000.00 Page 2 of 4 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 May 13, 2013 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, Goldman, Sachs & Co. toll-free at 1-866-471-2526, Keefe, Bruyette & Woods, Inc. toll free at 1-800-966-1559 or Macquarie Capital (USA) Inc. toll-free at 1-888-268-3967. 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. Our Affiliates: 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. https://www.auctions.zionsdirect.com/auction/9591/results?csrf_toke…9eb16002c0219ae8ff3b38d&sort=ytw&sort_direction=asc&page=2&pages=4 Page 3 of 3


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Zions Direct Auctions - Results 5/16/13 2:10 PM ABOUT PRODUCTS & SERVICES AUCTIONS BOND STORE TRADING UNIVERSITY THINK CUSTOMER SERVICE OPEN ACCOUNT LOGIN 1.800.524.8875 AUCTIONS DIRECTORY ISSUERS AUCTIONS UNIVERSITY DEMOS HOME :: HOME :: AUCTION #9591 Results Zions Bancorporation / Preferred Stock Series I Fixed/Floating Rate Non-Cumulative Perpetual Preferred, Non-Callable 10 Years, S&P:BB | Fitch:B | DBRS:B(low) | Kroll:BB The public offering price of each share will be $1,000. Notice: The auction has been extended until 5/16/2013 4:03:30 PM EDT. Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 5/15/2013 9:00 AM EDT Coupon 5.800% Auction End: 5/16/2013 4:03 PM EDT Last Update: 5/16/2013 4:10:45 PM EDT Offering Documents Auction Details ISSUE INFORMATION BIDDING INFORMATION CUSIP Number: 989701BD8 Auction Phase: Pricing Minimum Offering: 100,000 Principal Offered: $ 250,000,000.00 Maximum Offering: 250,000 Units Offered: 250,000 Sizing Phase End: 5/16/2013 8:35 AM EDT Number of Bidders: 108 Bid Multiple: Multiples of 0.05 Number of Bids: 181 Min. Yield: 5.450% Amt. of Bids: $ 430,786.00 Max. Yield: 5.950% Coverage: 172.31% Fixed Price: $ 1,000.00 Highest Bid: $ 1,000.00 Lowest Bid: $ 1,000.00 About the Issuer Bid Spread: $ 0.00 Num. Bids Accepted: 139 Num. Bidders with Bids Accepted: 92 Highest Bid Accepted: $ 1,000.00 Lowest Bid Accepted: $ 1,000.00 Bids Final Market-Clearing Yield: 5.800% Amount Bidder Units Yield Fixed Price Timestamp Awarded Due #33663 100 5.750% $ 1,000.00 5/15/2013 9:04:40 AM 100 units $ 100,000.00 #30763 4,000 5.750% $ 1,000.00 5/15/2013 9:12:27 AM 4,000 units $ 4,000,000.00 #33793 5,000 5.750% $ 1,000.00 5/15/2013 9:22:15 AM 5,000 units $ 5,000,000.00 #34282 20,000 5.750% $ 1,000.00 5/15/2013 9:28:45 AM 20,000 units $ 20,000,000.00 #34517 5,000 5.750% $ 1,000.00 5/15/2013 9:56:07 AM 5,000 units $ 5,000,000.00 #24302 42 5.750% $ 1,000.00 5/15/2013 9:58:34 AM 42 units $ 42,000.00 #34506 250 5.750% $ 1,000.00 5/15/2013 10:52:59 AM 250 units $ 250,000.00 https://www.auctions.zionsdirect.com/auction/9591/results?csrf_tok…9048e70d71dd74b5ce14947&sort=ytw&sort_direction=asc&page=3&pages=4 Page 1 of 3


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Zions Direct Auctions - Results 5/16/13 2:10 PM #34506 250 5.750% $ 1,000.00 5/15/2013 10:52:59 AM 250 units $ 250,000.00 #30763 500 5.750% $ 1,000.00 5/15/2013 11:02:30 AM 500 units $ 500,000.00 #14416 10 5.750% $ 1,000.00 5/15/2013 12:10:40 PM 10 units $ 10,000.00 #34507 1,500 5.750% $ 1,000.00 5/15/2013 12:30:05 PM 1,500 units $ 1,500,000.00 #32977 10,000 5.750% $ 1,000.00 5/15/2013 2:04:07 PM 10,000 units $ 10,000,000.00 #21789 50 5.750% $ 1,000.00 5/15/2013 6:07:34 PM 50 units $ 50,000.00 #32977 2,000 5.750% $ 1,000.00 5/16/2013 9:12:01 AM 2,000 units $ 2,000,000.00 #30376 2,000 5.750% $ 1,000.00 5/16/2013 10:07:43 AM 2,000 units $ 2,000,000.00 #24782 20 5.750% $ 1,000.00 5/16/2013 12:27:08 PM 20 units $ 20,000.00 #25702 250 5.750% $ 1,000.00 5/16/2013 12:49:00 PM 250 units $ 250,000.00 #34349 25,000 5.750% $ 1,000.00 5/16/2013 1:41:29 PM 25,000 units $ 25,000,000.00 #34599 20 5.750% $ 1,000.00 5/16/2013 2:45:58 PM 20 units $ 20,000.00 #25162 5 5.750% $ 1,000.00 5/16/2013 2:51:49 PM 5 units $ 5,000.00 #34498 20 5.750% $ 1,000.00 5/16/2013 3:35:06 PM 20 units $ 20,000.00 #34349 25,000 5.750% $ 1,000.00 5/16/2013 3:46:59 PM 25,000 units $ 25,000,000.00 #30376 7,000 5.750% $ 1,000.00 5/16/2013 3:52:41 PM 7,000 units $ 7,000,000.00 #21599 50 5.750% $ 1,000.00 5/16/2013 3:53:45 PM 50 units $ 50,000.00 #21511 150 5.750% $ 1,000.00 5/16/2013 3:55:05 PM 150 units $ 150,000.00 #31382 3,000 5.750% $ 1,000.00 5/16/2013 3:55:24 PM 3,000 units $ 3,000,000.00 #33645 500 5.750% $ 1,000.00 5/16/2013 3:57:21 PM 500 units $ 500,000.00 #34516 2,000 5.750% $ 1,000.00 5/16/2013 3:59:26 PM 2,000 units $ 2,000,000.00 #18980 5 5.750% $ 1,000.00 5/16/2013 4:00:03 PM 5 units $ 5,000.00 #24505 100 5.750% $ 1,000.00 5/16/2013 4:01:09 PM 100 units $ 100,000.00 #32923 250 5.750% $ 1,000.00 5/16/2013 4:01:30 PM 250 units $ 250,000.00 #30353 1,000 5.800% $ 1,000.00 5/15/2013 9:01:55 AM 1,000 units $ 1,000,000.00 #30376 1,000 5.800% $ 1,000.00 5/16/2013 10:07:43 AM 1,000 units $ 1,000,000.00 #30376 5,000 5.800% $ 1,000.00 5/16/2013 11:26:17 AM 5,000 units $ 5,000,000.00 #32923 575 5.800% $ 1,000.00 5/16/2013 12:45:51 PM 575 units $ 575,000.00 #32989 25 5.800% $ 1,000.00 5/16/2013 12:53:38 PM 25 units $ 25,000.00 #31589 10 5.800% $ 1,000.00 5/16/2013 1:20:25 PM 10 units $ 10,000.00 #34518 400 5.800% $ 1,000.00 5/16/2013 2:47:21 PM 400 units $ 400,000.00 #34233 38,500 5.800% $ 1,000.00 5/16/2013 3:41:39 PM 33,857 units $ 33,857,000.00 #32977 5,000 5.800% $ 1,000.00 5/16/2013 3:47:41 PM Rejected: Timestamp https://www.auctions.zionsdirect.com/auction/9591/results?csrf_tok…9048e70d71dd74b5ce14947&sort=ytw&sort_direction=asc&page=3&pages=4 Page 2 of 3


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Zions Direct Auctions - Results 5/16/13 2:10 PM #32977 1,000 5.800% $ 1,000.00 5/16/2013 3:47:41 PM Rejected: Timestamp #34594 17,000 5.800% $ 1,000.00 5/16/2013 3:57:06 PM Rejected: Timestamp #30353 1,250 5.850% $ 1,000.00 5/15/2013 9:01:55 AM Rejected: Yield #30353 2,000 5.850% $ 1,000.00 5/15/2013 9:01:55 AM Rejected: Yield #30353 2,000 5.850% $ 1,000.00 5/15/2013 9:01:55 AM Rejected: Yield #30353 3,000 5.850% $ 1,000.00 5/15/2013 9:01:55 AM Rejected: Yield #23706 50 5.850% $ 1,000.00 5/15/2013 11:43:32 AM Rejected: Yield #18526 5 5.850% $ 1,000.00 5/15/2013 5:03:46 PM Rejected: Yield #34594 25,000 5.850% $ 1,000.00 5/16/2013 8:48:22 AM Rejected: Yield #34594 25,000 5.850% $ 1,000.00 5/16/2013 8:48:22 AM Rejected: Yield Auction Totals: 250,000 units $ 250,000,000.00 Page 3 of 4 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 May 13, 2013 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, Goldman, Sachs & Co. toll-free at 1-866-471-2526, Keefe, Bruyette & Woods, Inc. toll free at 1-800-966-1559 or Macquarie Capital (USA) Inc. toll-free at 1-888-268-3967. 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. Our Affiliates: 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. https://www.auctions.zionsdirect.com/auction/9591/results?csrf_tok…9048e70d71dd74b5ce14947&sort=ytw&sort_direction=asc&page=3&pages=4 Page 3 of 3