Abstract: A retaining clip is used to locate and secure a downspout lateral extension without the use of any tools or fastening hardware. The clip has a pair of free legs that are joined by a coil section. The coil section has an aperture through which the downspout extension can be matingly received. The legs are inserted into the ground, or other base material, to retain the clip and extension in place. Preferably the legs are splayed outwardly from each other at a neutral position and can be resiliently compressed towards each other to narrow the aperture and create a compression force that securely grips and holds the extension. Preferably the clip is formed from a unitary material that is rust and corrosion resistant, durable, and paintable, such as cold-rolled brass, copper, or stainless steel wire.