Free Writing Prospectus

Free Writing Prospectus

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

the preliminary prospectus supplement dated January 28, 2013)

  

Filed Pursuant to Rule 433

Registration Statement No. 333-173299

January 31, 2013

 

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Zions Direct Auctions—Results 1/31/13 1:04 PM

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Results

Zions Bancorporation / Preferred Stock

Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred Stock

Notice: The auction has been extended until 1/31/2013 3:03:22 PM EST.

Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 1/30/2013 9:30 AM EST Coupon 6.300% Auction End: 1/31/2013 3:03 PM EST

Last Update: 1/31/2013 3:04:30 PM EST

Offering Documents

Auction Details

ISSUE INFORMATION BIDDING INFORMATION

CUSIP Number: 989701859 Number of Bidders: 214 Units Offered: 8,000,000 Number of Bids: 295

Bid Multiple: Multiples of 0.05 Amt. of Bids: $ 6,822,043.00

Min. Yield: 5.300% Coverage: 85.28% Max. Yield: 6.300% Highest Bid: $ 25.00 Fixed Price: $ 25.00 Lowest Bid: $ 25.00 Bid Spread: $ 0.00 About the Issuer

Num. Bids Accepted: 294 Num. Bidders with Bids Accepted: 214 Highest Bid Accepted: $ 25.00 Lowest Bid Accepted: $ 25.00

Bids Final Market-Clearing Yield: 6.300%

Amount Bidder Units Yield Fixed Price Timestamp Awarded Due

#7816 560 5.300% $ 25.00 1/30/2013 9:31:16 AM 560 units $ 14,000.00 #32905 6,053 5.300% $ 25.00 1/30/2013 9:31:28 AM 6,053 units $ 151,325.00 #24196 259 5.300% $ 25.00 1/30/2013 9:31:31 AM 259 units $ 6,475.00 #27100 200 5.300% $ 25.00 1/30/2013 9:32:14 AM 200 units $ 5,000.00 #9610 600 5.300% $ 25.00 1/30/2013 9:33:40 AM 600 units $ 15,000.00 #25702 5,000 5.300% $ 25.00 1/30/2013 9:34:27 AM 5,000 units $ 125,000.00 #25433 10,000 5.300% $ 25.00 1/30/2013 9:38:52 AM 10,000 units $ 250,000.00 #25702 7,000 5.300% $ 25.00 1/30/2013 9:41:57 AM 7,000 units $ 175,000.00 #32906 20,000 5.300% $ 25.00 1/30/2013 9:44:30 AM 20,000 units $ 500,000.00 #25433 11,200 5.300% $ 25.00 1/30/2013 9:45:35 AM 11,200 units $ 280,000.00

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Zions Direct Auctions—Results 1/31/13 1:04 PM

#32040 10,000 5.300% $ 25.00 1/30/2013 9:48:42 AM 10,000 units $ 250,000.00 #32041 8,000 5.300% $ 25.00 1/30/2013 9:51:34 AM 8,000 units $ 200,000.00 #32042 2,000 5.300% $ 25.00 1/30/2013 9:54:01 AM 2,000 units $ 50,000.00 #32043 2,000 5.300% $ 25.00 1/30/2013 9:56:41 AM 2,000 units $ 50,000.00 #32044 1,200 5.300% $ 25.00 1/30/2013 9:58:18 AM 1,200 units $ 30,000.00 #32045 800 5.300% $ 25.00 1/30/2013 9:59:38 AM 800 units $ 20,000.00 #32046 400 5.300% $ 25.00 1/30/2013 10:00:42 AM 400 units $ 10,000.00 #32047 400 5.300% $ 25.00 1/30/2013 10:01:41 AM 400 units $ 10,000.00 #32048 800 5.300% $ 25.00 1/30/2013 10:03:06 AM 800 units $ 20,000.00 #32049 600 5.300% $ 25.00 1/30/2013 10:04:17 AM 600 units $ 15,000.00 #18363 400 5.300% $ 25.00 1/30/2013 10:06:32 AM 400 units $ 10,000.00 #13305 500 5.300% $ 25.00 1/30/2013 10:08:47 AM 500 units $ 12,500.00 #32052 500 5.300% $ 25.00 1/30/2013 10:11:00 AM 500 units $ 12,500.00 #13193 6,000 5.300% $ 25.00 1/30/2013 10:14:50 AM 6,000 units $ 150,000.00 #13278 4,000 5.300% $ 25.00 1/30/2013 10:25:06 AM 4,000 units $ 100,000.00 #32053 20,000 5.300% $ 25.00 1/30/2013 10:39:45 AM 20,000 units $ 500,000.00 #25605 300 5.300% $ 25.00 1/30/2013 10:39:55 AM 300 units $ 7,500.00 #13305 200 5.300% $ 25.00 1/30/2013 10:49:30 AM 200 units $ 5,000.00 #30251 800 5.300% $ 25.00 1/30/2013 10:59:30 AM 800 units $ 20,000.00 #32762 32,000 5.300% $ 25.00 1/30/2013 11:25:28 AM 32,000 units $ 800,000.00 #25508 7,000 5.300% $ 25.00 1/30/2013 11:27:14 AM 7,000 units $ 175,000.00 #32762 3,000 5.300% $ 25.00 1/30/2013 11:29:31 AM 3,000 units $ 75,000.00 #32913 320 5.300% $ 25.00 1/30/2013 11:36:28 AM 320 units $ 8,000.00 #32765 2,000 5.300% $ 25.00 1/30/2013 12:11:30 PM 2,000 units $ 50,000.00 #32916 200 5.300% $ 25.00 1/30/2013 12:29:05 PM 200 units $ 5,000.00 #32917 400 5.300% $ 25.00 1/30/2013 12:30:00 PM 400 units $ 10,000.00 #18513 100 5.300% $ 25.00 1/30/2013 12:32:48 PM 100 units $ 2,500.00 #32056 4,000 5.300% $ 25.00 1/30/2013 12:36:27 PM 4,000 units $ 100,000.00 #32057 4,000 5.300% $ 25.00 1/30/2013 12:38:51 PM 4,000 units $ 100,000.00 #28020 100 5.300% $ 25.00 1/30/2013 12:55:29 PM 100 units $ 2,500.00 #32919 4,000 5.300% $ 25.00 1/30/2013 1:07:22 PM 4,000 units $ 100,000.00 #32060 2,588 5.300% $ 25.00 1/30/2013 1:09:05 PM 2,588 units $ 64,700.00 #32061 643 5.300% $ 25.00 1/30/2013 1:14:12 PM 643 units $ 16,075.00

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Zions Direct Auctions—Results 1/31/13 1:04 PM

#32062 606 5.300% $ 25.00 1/30/2013 1:16:49 PM 606 units $ 15,150.00 #32063 772 5.300% $ 25.00 1/30/2013 1:18:43 PM 772 units $ 19,300.00 #32064 290 5.300% $ 25.00 1/30/2013 1:20:34 PM 290 units $ 7,250.00 #31450 300 5.300% $ 25.00 1/30/2013 1:21:32 PM 300 units $ 7,500.00 #32065 290 5.300% $ 25.00 1/30/2013 1:22:16 PM 290 units $ 7,250.00 #32066 288 5.300% $ 25.00 1/30/2013 1:24:09 PM 288 units $ 7,200.00 #32067 288 5.300% $ 25.00 1/30/2013 1:26:32 PM 288 units $ 7,200.00

Auction Totals: 6,788,071 units $ 169,701,775.00

Page 1 of 6

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 January 28, 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 or Goldman, Sachs & Co. toll-free at 1-866-471-2526.

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.

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Zions Direct Auctions—Results 1/31/13 1:05 PM

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Results

Zions Bancorporation / Preferred Stock

Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred Stock

Notice: The auction has been extended until 1/31/2013 3:03:22 PM EST.

Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 1/30/2013 9:30 AM EST Coupon 6.300% Auction End: 1/31/2013 3:03 PM EST

Last Update: 1/31/2013 3:04:48 PM EST

Offering Documents

Auction Details

ISSUE INFORMATION BIDDING INFORMATION

CUSIP Number: 989701859 Number of Bidders: 214 Units Offered: 8,000,000 Number of Bids: 295

Bid Multiple: Multiples of 0.05 Amt. of Bids: $ 6,822,043.00

Min. Yield: 5.300% Coverage: 85.28% Max. Yield: 6.300% Highest Bid: $ 25.00 Fixed Price: $ 25.00 Lowest Bid: $ 25.00 Bid Spread: $ 0.00 About the Issuer

Num. Bids Accepted: 294 Num. Bidders with Bids Accepted: 214 Highest Bid Accepted: $ 25.00 Lowest Bid Accepted: $ 25.00

Bids Final Market-Clearing Yield: 6.300%

Amount Bidder Units Yield Fixed Price Timestamp Awarded Due

#32068 1,011 5.300% $ 25.00 1/30/2013 1:28:28 PM 1,011 units $ 25,275.00 #15643 6,000 5.300% $ 25.00 1/30/2013 1:30:54 PM 6,000 units $ 150,000.00 #31451 6,000 5.300% $ 25.00 1/30/2013 1:35:16 PM 6,000 units $ 150,000.00 #32920 400 5.300% $ 25.00 1/30/2013 1:44:32 PM 400 units $ 10,000.00 #32069 8,628 5.300% $ 25.00 1/30/2013 2:12:04 PM 8,628 units $ 215,700.00 #32850 120 5.300% $ 25.00 1/30/2013 2:20:17 PM 120 units $ 3,000.00 #32852 40 5.300% $ 25.00 1/30/2013 2:22:46 PM 40 units $ 1,000.00 #28276 60 5.300% $ 25.00 1/30/2013 2:25:34 PM 60 units $ 1,500.00 #28279 85 5.300% $ 25.00 1/30/2013 2:28:32 PM 85 units $ 2,125.00 #32050 6,289 5.300% $ 25.00 1/30/2013 2:42:09 PM 6,289 units $ 157,225.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#32119 1,819 5.300% $ 25.00 1/30/2013 2:46:54 PM 1,819 units $ 45,475.00 #32120 8,210 5.300% $ 25.00 1/30/2013 3:17:22 PM 8,210 units $ 205,250.00 #32121 1,000 5.300% $ 25.00 1/30/2013 3:25:45 PM 1,000 units $ 25,000.00 #21545 4,000 5.300% $ 25.00 1/30/2013 3:32:43 PM 4,000 units $ 100,000.00 #13213 200 5.300% $ 25.00 1/30/2013 4:06:31 PM 200 units $ 5,000.00 #24203 200 5.300% $ 25.00 1/30/2013 4:45:55 PM 200 units $ 5,000.00 #32928 120 5.300% $ 25.00 1/30/2013 5:20:51 PM 120 units $ 3,000.00 #18461 100 5.300% $ 25.00 1/30/2013 5:43:41 PM 100 units $ 2,500.00 #29832 200 5.300% $ 25.00 1/30/2013 6:05:26 PM 200 units $ 5,000.00 #32930 200 5.300% $ 25.00 1/30/2013 7:13:09 PM 200 units $ 5,000.00 #19253 1,000 5.300% $ 25.00 1/30/2013 7:57:38 PM 1,000 units $ 25,000.00 #19253 500 5.300% $ 25.00 1/30/2013 7:58:25 PM 500 units $ 12,500.00 #22437 16 5.300% $ 25.00 1/30/2013 8:50:21 PM 16 units $ 400.00 #24505 6,000 5.300% $ 25.00 1/31/2013 10:37:48 AM 6,000 units $ 150,000.00 #27566 2,000 5.300% $ 25.00 1/31/2013 10:44:33 AM 2,000 units $ 50,000.00 #32046 4,615 5.300% $ 25.00 1/31/2013 10:59:01 AM 4,615 units $ 115,375.00 #32047 948 5.300% $ 25.00 1/31/2013 11:09:00 AM 948 units $ 23,700.00 #32116 588 5.300% $ 25.00 1/31/2013 11:12:15 AM 588 units $ 14,700.00 #32123 5,000 5.300% $ 25.00 1/31/2013 11:42:11 AM 5,000 units $ 125,000.00 #32124 4,262 5.300% $ 25.00 1/31/2013 12:01:19 PM 4,262 units $ 106,550.00 #26285 13,900 5.300% $ 25.00 1/31/2013 12:30:11 PM 13,900 units $ 347,500.00 #32943 4,178 5.300% $ 25.00 1/31/2013 12:41:23 PM 4,178 units $ 104,450.00 #24505 4,000 5.300% $ 25.00 1/31/2013 12:48:58 PM 4,000 units $ 100,000.00 #32765 35,500 5.300% $ 25.00 1/31/2013 12:51:23 PM 35,500 units $ 887,500.00 #32944 2,000 5.300% $ 25.00 1/31/2013 1:09:14 PM 2,000 units $ 50,000.00 #25488 1,000 5.300% $ 25.00 1/31/2013 1:12:31 PM 1,000 units $ 25,000.00 #32945 8,771 5.300% $ 25.00 1/31/2013 1:27:46 PM 8,771 units $ 219,275.00 #21789 400 5.300% $ 25.00 1/31/2013 1:32:57 PM 400 units $ 10,000.00 #32947 4,000 5.300% $ 25.00 1/31/2013 1:47:35 PM 4,000 units $ 100,000.00 #31452 200 5.300% $ 25.00 1/31/2013 1:52:00 PM 200 units $ 5,000.00 #32976 200 5.300% $ 25.00 1/31/2013 1:53:32 PM 200 units $ 5,000.00 #32946 7,668 5.300% $ 25.00 1/31/2013 2:04:01 PM 7,668 units $ 191,700.00 #22513 320 5.300% $ 25.00 1/31/2013 2:08:19 PM 320 units $ 8,000.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#32116 120 5.300% $ 25.00 1/31/2013 2:17:43 PM 120 units $ 3,000.00 #32923 34,000 5.300% $ 25.00 1/31/2013 2:17:52 PM 34,000 units $ 850,000.00 #32948 2,000 5.300% $ 25.00 1/31/2013 2:23:02 PM 2,000 units $ 50,000.00 #31453 20,000 5.300% $ 25.00 1/31/2013 2:26:27 PM 20,000 units $ 500,000.00 #32949 5,000 5.300% $ 25.00 1/31/2013 2:52:01 PM 5,000 units $ 125,000.00 #24577 4,000 5.350% $ 25.00 1/31/2013 8:04:42 AM 4,000 units $ 100,000.00 #8026 200 5.500% $ 25.00 1/30/2013 9:31:47 AM 200 units $ 5,000.00

Auction Totals: 6,788,071 units $ 169,701,775.00

Page 2 of 6

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 January 28, 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 or Goldman, Sachs & Co. toll-free at 1-866-471-2526.

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.

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Zions Direct Auctions—Results 1/31/13 1:05 PM

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HOME :: HOME :: AUCTION #8311

Results

Zions Bancorporation / Preferred Stock

Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred Stock

Notice: The auction has been extended until 1/31/2013 3:03:22 PM EST.

Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 1/30/2013 9:30 AM EST Coupon 6.300% Auction End: 1/31/2013 3:03 PM EST

Last Update: 1/31/2013 3:05:10 PM EST

Offering Documents

Auction Details

ISSUE INFORMATION BIDDING INFORMATION

CUSIP Number: 989701859 Number of Bidders: 214 Units Offered: 8,000,000 Number of Bids: 295

Bid Multiple: Multiples of 0.05 Amt. of Bids: $ 6,822,043.00

Min. Yield: 5.300% Coverage: 85.28% Max. Yield: 6.300% Highest Bid: $ 25.00 Fixed Price: $ 25.00 Lowest Bid: $ 25.00 Bid Spread: $ 0.00 About the Issuer

Num. Bids Accepted: 294 Num. Bidders with Bids Accepted: 214 Highest Bid Accepted: $ 25.00 Lowest Bid Accepted: $ 25.00

Bids Final Market-Clearing Yield: 6.300%

Amount Bidder Units Yield Fixed Price Timestamp Awarded Due

#32055 2,000 5.500% $ 25.00 1/30/2013 10:07:25 AM 2,000 units $ 50,000.00 #32051 1,200 5.500% $ 25.00 1/30/2013 10:09:40 AM 1,200 units $ 30,000.00 #32862 10,000 5.500% $ 25.00 1/30/2013 1:29:40 PM 10,000 units $ 250,000.00 #32863 4,000 5.500% $ 25.00 1/30/2013 1:35:52 PM 4,000 units $ 100,000.00 #32864 8,000 5.500% $ 25.00 1/30/2013 1:40:42 PM 8,000 units $ 200,000.00 #32865 30,000 5.500% $ 25.00 1/30/2013 2:18:23 PM 30,000 units $ 750,000.00 #32866 20,000 5.500% $ 25.00 1/30/2013 2:31:05 PM 20,000 units $ 500,000.00 #32867 4,000 5.500% $ 25.00 1/30/2013 2:37:46 PM 4,000 units $ 100,000.00 #32868 4,000 5.500% $ 25.00 1/30/2013 2:42:43 PM 4,000 units $ 100,000.00 #32869 4,000 5.500% $ 25.00 1/30/2013 2:48:39 PM 4,000 units $ 100,000.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#32870 4,000 5.500% $ 25.00 1/30/2013 2:53:43 PM 4,000 units $ 100,000.00 #32871 2,000 5.500% $ 25.00 1/30/2013 3:31:54 PM 2,000 units $ 50,000.00 #32872 10,000 5.500% $ 25.00 1/30/2013 3:35:51 PM 10,000 units $ 250,000.00 #32874 12,000 5.500% $ 25.00 1/30/2013 4:21:02 PM 12,000 units $ 300,000.00 #32875 20,000 5.500% $ 25.00 1/30/2013 4:27:25 PM 20,000 units $ 500,000.00 #32876 60,000 5.500% $ 25.00 1/30/2013 4:33:31 PM 60,000 units $ 1,500,000.00 #32877 28,000 5.500% $ 25.00 1/30/2013 4:46:40 PM 28,000 units $ 700,000.00 #32878 3,000 5.500% $ 25.00 1/30/2013 5:07:18 PM 3,000 units $ 75,000.00 #32879 2,000 5.500% $ 25.00 1/30/2013 5:11:07 PM 2,000 units $ 50,000.00 #21789 1,000 5.500% $ 25.00 1/30/2013 7:35:21 PM 1,000 units $ 25,000.00 #32880 880 5.500% $ 25.00 1/31/2013 10:19:48 AM 880 units $ 22,000.00 #32881 920 5.500% $ 25.00 1/31/2013 10:24:30 AM 920 units $ 23,000.00 #32882 10,000 5.500% $ 25.00 1/31/2013 10:47:59 AM 10,000 units $ 250,000.00 #32883 4,000 5.500% $ 25.00 1/31/2013 11:18:19 AM 4,000 units $ 100,000.00 #32884 8,000 5.500% $ 25.00 1/31/2013 11:32:28 AM 8,000 units $ 200,000.00 #15509 25 5.500% $ 25.00 1/31/2013 11:41:49 AM 25 units $ 625.00 #15509 975 5.500% $ 25.00 1/31/2013 11:43:23 AM 975 units $ 24,375.00 #32885 1,000 5.500% $ 25.00 1/31/2013 11:54:10 AM 1,000 units $ 25,000.00 #32055 2,000 5.500% $ 25.00 1/31/2013 12:19:49 PM 2,000 units $ 50,000.00 #32942 604 5.500% $ 25.00 1/31/2013 12:31:54 PM 604 units $ 15,100.00 #32886 20,000 5.500% $ 25.00 1/31/2013 12:45:19 PM 20,000 units $ 500,000.00 #32887 20,000 5.500% $ 25.00 1/31/2013 12:48:43 PM 20,000 units $ 500,000.00 #32888 16,000 5.500% $ 25.00 1/31/2013 12:56:23 PM 16,000 units $ 400,000.00 #32889 12,000 5.500% $ 25.00 1/31/2013 1:01:55 PM 12,000 units $ 300,000.00 #32890 10,000 5.500% $ 25.00 1/31/2013 1:18:26 PM 10,000 units $ 250,000.00 #32891 3,276 5.500% $ 25.00 1/31/2013 1:21:05 PM 3,276 units $ 81,900.00 #30763 2,000 5.500% $ 25.00 1/31/2013 1:24:38 PM 2,000 units $ 50,000.00 #32892 3,000 5.500% $ 25.00 1/31/2013 1:25:48 PM 3,000 units $ 75,000.00 #32893 8,000 5.500% $ 25.00 1/31/2013 1:28:31 PM 8,000 units $ 200,000.00 #32894 4,000 5.500% $ 25.00 1/31/2013 1:31:48 PM 4,000 units $ 100,000.00 #32895 4,000 5.500% $ 25.00 1/31/2013 1:36:03 PM 4,000 units $ 100,000.00 #32896 6,000 5.500% $ 25.00 1/31/2013 1:38:56 PM 6,000 units $ 150,000.00 #30763 2,000 5.500% $ 25.00 1/31/2013 1:39:11 PM 2,000 units $ 50,000.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#32897 4,000 5.500% $ 25.00 1/31/2013 1:45:00 PM 4,000 units $ 100,000.00 #32898 4,000 5.500% $ 25.00 1/31/2013 1:48:25 PM 4,000 units $ 100,000.00 #32899 4,800 5.500% $ 25.00 1/31/2013 1:51:35 PM 4,800 units $ 120,000.00 #32900 8,000 5.500% $ 25.00 1/31/2013 1:56:13 PM 8,000 units $ 200,000.00 #32901 10,000 5.500% $ 25.00 1/31/2013 1:59:41 PM 10,000 units $ 250,000.00 #30763 2,000 5.500% $ 25.00 1/31/2013 2:05:29 PM 2,000 units $ 50,000.00 #32956 8,000 5.500% $ 25.00 1/31/2013 2:15:14 PM 8,000 units $ 200,000.00

Auction Totals: 6,788,071 units $ 169,701,775.00

Page 3 of 6

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 January 28, 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 or Goldman, Sachs & Co. toll-free at 1-866-471-2526.

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.

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Zions Direct Auctions—Results 1/31/13 1:05 PM

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Results

Zions Bancorporation / Preferred Stock

Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred Stock

Notice: The auction has been extended until 1/31/2013 3:03:22 PM EST.

Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 1/30/2013 9:30 AM EST Coupon 6.300% Auction End: 1/31/2013 3:03 PM EST

Last Update: 1/31/2013 3:05:25 PM EST

Offering Documents

Auction Details

ISSUE INFORMATION BIDDING INFORMATION

CUSIP Number: 989701859 Number of Bidders: 214 Units Offered: 8,000,000 Number of Bids: 295

Bid Multiple: Multiples of 0.05 Amt. of Bids: $ 6,822,043.00

Min. Yield: 5.300% Coverage: 85.28% Max. Yield: 6.300% Highest Bid: $ 25.00 Fixed Price: $ 25.00 Lowest Bid: $ 25.00 Bid Spread: $ 0.00 About the Issuer

Num. Bids Accepted: 294 Num. Bidders with Bids Accepted: 214 Highest Bid Accepted: $ 25.00 Lowest Bid Accepted: $ 25.00

Bids Final Market-Clearing Yield: 6.300%

Amount Bidder Units Yield Fixed Price Timestamp Awarded Due

#32957 4,000 5.500% $ 25.00 1/31/2013 2:30:55 PM 4,000 units $ 100,000.00 #32958 20,000 5.500% $ 25.00 1/31/2013 2:35:49 PM 20,000 units $ 500,000.00 #32959 2,000 5.500% $ 25.00 1/31/2013 2:39:18 PM 2,000 units $ 50,000.00 #32960 640 5.500% $ 25.00 1/31/2013 2:44:03 PM 640 units $ 16,000.00 #32961 6,000 5.500% $ 25.00 1/31/2013 2:47:47 PM 6,000 units $ 150,000.00 #32962 4,000 5.500% $ 25.00 1/31/2013 2:52:53 PM 4,000 units $ 100,000.00 #21438 400 5.500% $ 25.00 1/31/2013 2:57:01 PM 400 units $ 10,000.00 #32966 4,000 5.500% $ 25.00 1/31/2013 2:58:47 PM 4,000 units $ 100,000.00 #32117 10,000 5.550% $ 25.00 1/30/2013 2:14:33 PM 10,000 units $ 250,000.00 #32118 10,000 5.550% $ 25.00 1/30/2013 2:18:13 PM 10,000 units $ 250,000.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#32054 1,400 5.600% $ 25.00 1/30/2013 10:13:10 AM 1,400 units $ 35,000.00 #27050 3,000 5.600% $ 25.00 1/31/2013 1:24:58 PM 3,000 units $ 75,000.00 #21789 1,000 5.700% $ 25.00 1/30/2013 7:35:21 PM 1,000 units $ 25,000.00 #30761 115,600 5.750% $ 25.00 1/30/2013 9:30:35 AM 115,600 units $ 2,890,000.00 #9610 200 5.750% $ 25.00 1/30/2013 9:35:34 AM 200 units $ 5,000.00 #30761 2,000 5.750% $ 25.00 1/30/2013 10:13:42 AM 2,000 units $ 50,000.00 #30757 800 5.750% $ 25.00 1/30/2013 3:25:57 PM 800 units $ 20,000.00 #25654 50,000 5.750% $ 25.00 1/31/2013 12:33:20 PM 50,000 units $ 1,250,000.00 #25654 16,400 5.750% $ 25.00 1/31/2013 12:33:20 PM 16,400 units $ 410,000.00 #25654 133,600 5.750% $ 25.00 1/31/2013 12:35:13 PM 133,600 units $ 3,340,000.00 #32923 77,000 5.750% $ 25.00 1/31/2013 2:17:52 PM 77,000 units $ 1,925,000.00 #15589 1,000 5.800% $ 25.00 1/30/2013 1:24:43 PM 1,000 units $ 25,000.00 #21545 4,000 5.800% $ 25.00 1/30/2013 3:32:43 PM 4,000 units $ 100,000.00 #32765 10,000 5.800% $ 25.00 1/30/2013 4:22:28 PM 10,000 units $ 250,000.00 #32765 90,000 5.800% $ 25.00 1/31/2013 12:51:23 PM 90,000 units $ 2,250,000.00 #32975 100 5.800% $ 25.00 1/31/2013 1:40:25 PM 100 units $ 2,500.00 #30757 1,300 5.800% $ 25.00 1/31/2013 2:24:20 PM 1,300 units $ 32,500.00 #31345 10,000 5.850% $ 25.00 1/31/2013 9:28:46 AM 10,000 units $ 250,000.00 #30297 74,000 5.900% $ 25.00 1/30/2013 9:31:33 AM 74,000 units $ 1,850,000.00 #25702 10,000 5.900% $ 25.00 1/30/2013 9:41:57 AM 10,000 units $ 250,000.00 #18513 100 5.900% $ 25.00 1/30/2013 12:32:48 PM 100 units $ 2,500.00 #30353 10,000 5.900% $ 25.00 1/31/2013 8:13:19 AM 10,000 units $ 250,000.00 #32975 100 5.900% $ 25.00 1/31/2013 1:40:25 PM 100 units $ 2,500.00 #11822 100 5.950% $ 25.00 1/30/2013 5:27:44 PM 100 units $ 2,500.00 #21789 2,000 5.950% $ 25.00 1/30/2013 7:27:54 PM 2,000 units $ 50,000.00 #18373 1,000 5.950% $ 25.00 1/30/2013 8:57:59 PM 1,000 units $ 25,000.00 #19253 500 5.950% $ 25.00 1/30/2013 10:58:37 PM 500 units $ 12,500.00 #32856 80,000 6.000% $ 25.00 1/30/2013 9:30:30 AM 80,000 units $ 2,000,000.00 #30297 20,000 6.000% $ 25.00 1/30/2013 9:31:33 AM 20,000 units $ 500,000.00 #25702 10,000 6.000% $ 25.00 1/30/2013 9:34:27 AM 10,000 units $ 250,000.00 #32763 25,000 6.000% $ 25.00 1/30/2013 9:35:10 AM 25,000 units $ 625,000.00 #30353 14,000 6.000% $ 25.00 1/30/2013 9:41:04 AM 14,000 units $ 350,000.00 #23706 1,000 6.000% $ 25.00 1/30/2013 10:47:24 AM 1,000 units $ 25,000.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#32762 5,000 6.000% $ 25.00 1/30/2013 11:25:28 AM 5,000 units $ 125,000.00 #31449 8,000 6.000% $ 25.00 1/30/2013 11:53:42 AM 8,000 units $ 200,000.00 #32765 100,000 6.000% $ 25.00 1/30/2013 12:40:56 PM 100,000 units $ 2,500,000.00 #30757 400 6.000% $ 25.00 1/30/2013 1:33:43 PM 400 units $ 10,000.00 #32763 15,000 6.000% $ 25.00 1/30/2013 1:50:14 PM 15,000 units $ 375,000.00 #21661 200 6.000% $ 25.00 1/30/2013 2:13:14 PM 200 units $ 5,000.00 #24302 400 6.000% $ 25.00 1/30/2013 3:00:04 PM 400 units $ 10,000.00

Auction Totals: 6,788,071 units $ 169,701,775.00

Page 4 of 6

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 January 28, 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 or Goldman, Sachs & Co. toll-free at 1-866-471-2526.

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.

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Results

Zions Bancorporation / Preferred Stock

Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred Stock

Notice: The auction has been extended until 1/31/2013 3:03:22 PM EST.

Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 1/30/2013 9:30 AM EST Coupon 6.300% Auction End: 1/31/2013 3:03 PM EST

Last Update: 1/31/2013 3:05:35 PM EST

Offering Documents

Auction Details

ISSUE INFORMATION BIDDING INFORMATION

CUSIP Number: 989701859 Number of Bidders: 214 Units Offered: 8,000,000 Number of Bids: 295

Bid Multiple: Multiples of 0.05 Amt. of Bids: $ 6,822,043.00

Min. Yield: 5.300% Coverage: 85.28% Max. Yield: 6.300% Highest Bid: $ 25.00 Fixed Price: $ 25.00 Lowest Bid: $ 25.00 Bid Spread: $ 0.00 About the Issuer

Num. Bids Accepted: 294 Num. Bidders with Bids Accepted: 214 Highest Bid Accepted: $ 25.00 Lowest Bid Accepted: $ 25.00

Bids Final Market-Clearing Yield: 6.300%

Amount Bidder Units Yield Fixed Price Timestamp Awarded Due

#31345 5,000 6.000% $ 25.00 1/30/2013 4:43:07 PM 5,000 units $ 125,000.00 #27449 1,000 6.000% $ 25.00 1/30/2013 5:49:57 PM 1,000 units $ 25,000.00 #30353 75,000 6.000% $ 25.00 1/31/2013 8:13:19 AM 58,028 units $ 1,450,700.00 #30297 17,000 6.000% $ 25.00 1/31/2013 8:31:26 AM 17,000 units $ 425,000.00 #32937 20,000 6.000% $ 25.00 1/31/2013 10:14:08 AM 20,000 units $ 500,000.00 #31345 5,000 6.000% $ 25.00 1/31/2013 11:36:29 AM 5,000 units $ 125,000.00 #32767 25,000 6.000% $ 25.00 1/31/2013 12:55:47 PM 25,000 units $ 625,000.00 #32975 100 6.000% $ 25.00 1/31/2013 1:40:25 PM 100 units $ 2,500.00 #22528 200 6.000% $ 25.00 1/31/2013 1:51:15 PM 200 units $ 5,000.00 #32941 20,000 6.000% $ 25.00 1/31/2013 2:17:29 PM 20,000 units $ 500,000.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#32923 29,000 6.000% $ 25.00 1/31/2013 2:17:52 PM 29,000 units $ 725,000.00 #31454 400 6.000% $ 25.00 1/31/2013 2:36:28 PM 400 units $ 10,000.00 #32978 600 6.000% $ 25.00 1/31/2013 2:40:35 PM 600 units $ 15,000.00 #30376 1,220,000 6.000% $ 25.00 1/31/2013 2:42:02 PM 1,220,000 units $ 30,500,000.00 #31455 5,200 6.000% $ 25.00 1/31/2013 2:45:56 PM 5,200 units $ 130,000.00 #13193 2,000 6.050% $ 25.00 1/30/2013 3:07:22 PM 2,000 units $ 50,000.00 #32856 20,000 6.100% $ 25.00 1/30/2013 9:30:48 AM 20,000 units $ 500,000.00 #32908 800,000 6.100% $ 25.00 1/30/2013 10:07:25 AM 800,000 units $ 20,000,000.00 #32975 100 6.100% $ 25.00 1/31/2013 1:40:25 PM 100 units $ 2,500.00 #32762 8,000 6.150% $ 25.00 1/30/2013 11:25:28 AM 8,000 units $ 200,000.00 #11822 100 6.150% $ 25.00 1/30/2013 5:27:44 PM 100 units $ 2,500.00 #30763 7,000 6.150% $ 25.00 1/31/2013 2:05:29 PM 7,000 units $ 175,000.00 #29836 7,000 6.150% $ 25.00 1/31/2013 2:07:22 PM 7,000 units $ 175,000.00 #29836 10,000 6.150% $ 25.00 1/31/2013 2:51:08 PM 10,000 units $ 250,000.00 #32977 50,000 6.150% $ 25.00 1/31/2013 2:53:32 PM 50,000 units $ 1,250,000.00 #30297 17,000 6.200% $ 25.00 1/30/2013 9:31:33 AM 17,000 units $ 425,000.00 #32666 1,750 6.200% $ 25.00 1/30/2013 9:33:43 AM 1,750 units $ 43,750.00 #30353 17,000 6.200% $ 25.00 1/30/2013 9:41:04 AM Rejected: Bid Limit #32542 700,000 6.200% $ 25.00 1/30/2013 9:42:16 AM 700,000 units $ 17,500,000.00 #23706 1,000 6.200% $ 25.00 1/30/2013 10:48:51 AM 1,000 units $ 25,000.00 #32873 4,000 6.200% $ 25.00 1/30/2013 1:24:41 PM 4,000 units $ 100,000.00 #11822 100 6.200% $ 25.00 1/30/2013 5:27:44 PM 100 units $ 2,500.00 #23549 500 6.200% $ 25.00 1/31/2013 1:22:09 AM 500 units $ 12,500.00 #30297 17,000 6.200% $ 25.00 1/31/2013 8:31:26 AM 17,000 units $ 425,000.00 #30763 160,000 6.200% $ 25.00 1/31/2013 1:10:36 PM 160,000 units $ 4,000,000.00 #30376 120,000 6.200% $ 25.00 1/31/2013 1:47:42 PM 120,000 units $ 3,000,000.00 #32941 20,000 6.200% $ 25.00 1/31/2013 2:17:29 PM 20,000 units $ 500,000.00 #25322 1,000 6.200% $ 25.00 1/31/2013 2:18:18 PM 1,000 units $ 25,000.00 #30376 120,000 6.200% $ 25.00 1/31/2013 2:35:23 PM 120,000 units $ 3,000,000.00 #32977 20,000 6.200% $ 25.00 1/31/2013 2:59:51 PM 20,000 units $ 500,000.00 #32762 12,000 6.250% $ 25.00 1/30/2013 11:25:28 AM 12,000 units $ 300,000.00 #23085 100 6.250% $ 25.00 1/30/2013 11:38:12 AM 100 units $ 2,500.00 #30240 50,000 6.250% $ 25.00 1/30/2013 12:12:55 PM 50,000 units $ 1,250,000.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#30757 1,200 6.250% $ 25.00 1/30/2013 1:33:43 PM 1,200 units $ 30,000.00 #22926 100 6.250% $ 25.00 1/30/2013 4:23:23 PM 100 units $ 2,500.00 #13585 500 6.250% $ 25.00 1/30/2013 5:00:33 PM 500 units $ 12,500.00 #11822 100 6.250% $ 25.00 1/30/2013 5:27:44 PM 100 units $ 2,500.00 #23079 800 6.250% $ 25.00 1/30/2013 11:03:41 PM 800 units $ 20,000.00 #30757 2,000 6.250% $ 25.00 1/31/2013 12:24:20 PM 2,000 units $ 50,000.00 #32767 20,000 6.250% $ 25.00 1/31/2013 12:55:47 PM 20,000 units $ 500,000.00

Auction Totals: 6,788,071 units $ 169,701,775.00

Page 5 of 6

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 January 28, 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 or Goldman, Sachs & Co. toll-free at 1-866-471-2526.

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.

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Results

Zions Bancorporation / Preferred Stock

Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred Stock

Notice: The auction has been extended until 1/31/2013 3:03:22 PM EST.

Auction Status: CLOSED Security Type: Preferred Stock Auction Start: 1/30/2013 9:30 AM EST Coupon 6.300% Auction End: 1/31/2013 3:03 PM EST

Last Update: 1/31/2013 3:05:47 PM EST

Offering Documents

Auction Details

ISSUE INFORMATION BIDDING INFORMATION

CUSIP Number: 989701859 Number of Bidders: 214 Units Offered: 8,000,000 Number of Bids: 295

Bid Multiple: Multiples of 0.05 Amt. of Bids: $ 6,822,043.00

Min. Yield: 5.300% Coverage: 85.28% Max. Yield: 6.300% Highest Bid: $ 25.00 Fixed Price: $ 25.00 Lowest Bid: $ 25.00 Bid Spread: $ 0.00 About the Issuer

Num. Bids Accepted: 294 Num. Bidders with Bids Accepted: 214 Highest Bid Accepted: $ 25.00 Lowest Bid Accepted: $ 25.00

Bids Final Market-Clearing Yield: 6.300%

Amount Bidder Units Yield Fixed Price Timestamp Awarded Due

#25162 200 6.250% $ 25.00 1/31/2013 1:22:17 PM 200 units $ 5,000.00 #32941 20,000 6.250% $ 25.00 1/31/2013 2:17:29 PM 20,000 units $ 500,000.00 #32923 10,000 6.250% $ 25.00 1/31/2013 2:17:52 PM 10,000 units $ 250,000.00 #32977 15,000 6.250% $ 25.00 1/31/2013 2:30:50 PM 15,000 units $ 375,000.00 #30376 400,000 6.250% $ 25.00 1/31/2013 2:35:23 PM 400,000 units $ 10,000,000.00 #30762 100,000 6.250% $ 25.00 1/31/2013 2:53:12 PM 100,000 units $ 2,500,000.00 #32679 120,000 6.300% $ 25.00 1/30/2013 9:32:17 AM 120,000 units $ 3,000,000.00 #31714 1,000 6.300% $ 25.00 1/30/2013 9:53:02 AM 1,000 units $ 25,000.00 #26997 1,000 6.300% $ 25.00 1/30/2013 9:56:38 AM 1,000 units $ 25,000.00 #21599 4,000 6.300% $ 25.00 1/30/2013 10:48:09 AM 4,000 units $ 100,000.00

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Zions Direct Auctions—Results 1/31/13 1:05 PM

#23706 1,000 6.300% $ 25.00 1/30/2013 10:50:00 AM 1,000 units $ 25,000.00 #28429 2 6.300% $ 25.00 1/30/2013 10:58:59 AM 2 units $ 50.00 #31343 500 6.300% $ 25.00 1/30/2013 11:08:17 AM 500 units $ 12,500.00 #3534 100 6.300% $ 25.00 1/30/2013 12:05:41 PM 100 units $ 2,500.00 #21511 10,000 6.300% $ 25.00 1/30/2013 1:17:41 PM 10,000 units $ 250,000.00 #16703 1,000 6.300% $ 25.00 1/30/2013 2:01:36 PM 1,000 units $ 25,000.00 #18915 6 6.300% $ 25.00 1/30/2013 2:11:02 PM 6 units $ 150.00 #26656 10,000 6.300% $ 25.00 1/30/2013 3:14:58 PM 10,000 units $ 250,000.00 #31986 400 6.300% $ 25.00 1/30/2013 4:03:30 PM 400 units $ 10,000.00 #28020 100 6.300% $ 25.00 1/30/2013 4:20:22 PM 100 units $ 2,500.00 #21446 1,000 6.300% $ 25.00 1/30/2013 5:14:56 PM 1,000 units $ 25,000.00 #21363 1,200 6.300% $ 25.00 1/30/2013 5:40:10 PM 1,200 units $ 30,000.00 #27449 1,000 6.300% $ 25.00 1/30/2013 5:49:57 PM 1,000 units $ 25,000.00 #7863 500 6.300% $ 25.00 1/30/2013 6:32:38 PM 500 units $ 12,500.00 #23549 100 6.300% $ 25.00 1/31/2013 1:25:21 AM 100 units $ 2,500.00 #32921 6,000 6.300% $ 25.00 1/31/2013 8:49:39 AM 6,000 units $ 150,000.00 #32021 150,000 6.300% $ 25.00 1/31/2013 9:51:27 AM 150,000 units $ 3,750,000.00 #22941 400 6.300% $ 25.00 1/31/2013 10:07:06 AM 400 units $ 10,000.00 #27617 400 6.300% $ 25.00 1/31/2013 10:18:22 AM 400 units $ 10,000.00 #31343 500 6.300% $ 25.00 1/31/2013 11:22:48 AM 500 units $ 12,500.00 #30758 20,000 6.300% $ 25.00 1/31/2013 12:00:01 PM 20,000 units $ 500,000.00 #32461 2,000 6.300% $ 25.00 1/31/2013 12:14:42 PM 2,000 units $ 50,000.00 #32767 10,000 6.300% $ 25.00 1/31/2013 12:55:47 PM 10,000 units $ 250,000.00 #26997 2,500 6.300% $ 25.00 1/31/2013 1:04:45 PM 2,500 units $ 62,500.00 #26997 500 6.300% $ 25.00 1/31/2013 1:11:18 PM 500 units $ 12,500.00 #31418 800 6.300% $ 25.00 1/31/2013 1:16:01 PM 800 units $ 20,000.00 #18536 4,000 6.300% $ 25.00 1/31/2013 1:17:19 PM 4,000 units $ 100,000.00 #13278 4,000 6.300% $ 25.00 1/31/2013 1:27:04 PM 4,000 units $ 100,000.00 #14281 2,000 6.300% $ 25.00 1/31/2013 1:48:52 PM 2,000 units $ 50,000.00 #22580 40 6.300% $ 25.00 1/31/2013 2:13:05 PM 40 units $ 1,000.00 #32923 2,500 6.300% $ 25.00 1/31/2013 2:17:52 PM 2,500 units $ 62,500.00 #29091 1,000 6.300% $ 25.00 1/31/2013 2:25:54 PM 1,000 units $ 25,000.00 #32493 400,000 6.300% $ 25.00 1/31/2013 2:57:04 PM 400,000 units $ 10,000,000.00

https://www.auctions.zionsdirect.com/auction/8311/results?csrf_tok…25cb412419d5743801a3850&sort=ytw&sort_direction=asc&page=6&pages=6 Page 2 of 3


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Zions Direct Auctions—Results 1/31/13 1:05 PM

#32921 2,000 6.300% $ 25.00 1/31/2013 2:57:34 PM 2,000 units $ 50,000.00

#32767 137,500 6.300% $ 25.00 1/31/2013 3:01:22 PM 137,500 units $ 3,437,500.00

Auction Totals: 6,788,071 units $ 169,701,775.00

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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 January 28, 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 or Goldman, Sachs & Co. toll-free at 1-866-471-2526.

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