Exhibit 1.3
500,000 NORMAL APEX
NATIONAL CITY PREFERRED CAPITAL TRUST I
12.000% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced
Capital Securities
(liquidation amount $1,000 per security)
fully and unconditionally guaranteed by
NATIONAL CITY CORPORATION
Supplement to Underwriting Agreement
January 24, 2008
Goldman,
Sachs & Co.
85 Broad Street,
New York, New York 10004.
Ladies
and Gentlemen:
Reference
is made to the Underwriting Agreement, dated January 23, 2008
(the “ Underwriting Agreement ”), between
National City Preferred Capital Trust I, a statutory trust created
under the laws of the State of Delaware (the “ Trust
”), National City Corporation, a Delaware corporation (the
“ Guarantor ”), and you (the “
Underwriter ”), with respect to the 12.000%
Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital
Securities, liquidation amount of $1,000 per security, of the
Trust. Capitalized terms are used in this letter (this “
Supplemental Agreement ”) with the meanings assigned
to them in the Underwriting Agreement.
In the
Underwriting Agreement, the Guarantor and the Trust agreed that the
Trust would sell to the Underwriter, and the Underwriter agreed to
purchase from the Trust, at the purchase price set forth in
Schedule I to the Underwriting Agreement, 400,000 Firm Normal
APEX. The Guarantor and the Trust also agreed in the Underwriting
Agreement to grant to the Underwriter the right to purchase at its
election up to 60,000 Optional Normal APEX upon the terms provided
for therein.
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