Bond Truist Corporation 3.7% ( US05531FBE25 ) in USD

Issuer Truist Corporation
Market price 99.927 %  ▲ 
Country  United States
ISIN code  US05531FBE25 ( in USD )
Interest rate 3.7% per year ( payment 2 times a year)
Maturity 04/06/2025 - Bond has expired



Prospectus brochure of the bond Truist Financial Corp US05531FBE25 in USD 3.7%, expired


Minimal amount 1 000 USD
Total amount 1 000 000 000 USD
Cusip 05531FBE2
Standard & Poor's ( S&P ) rating A- ( Upper medium grade - Investment-grade )
Moody's rating Baa1 ( Lower medium grade - Investment-grade )
Detailed description Truist Financial Corporation is a financial services holding company formed through the merger of BB&T and SunTrust Banks, offering a wide range of banking, investment, and mortgage services to individual and corporate clients across the southeastern and mid-Atlantic United States.

The Bond issued by Truist Corporation ( United States ) , in USD, with the ISIN code US05531FBE25, pays a coupon of 3.7% per year.
The coupons are paid 2 times per year and the Bond maturity is 04/06/2025

The Bond issued by Truist Corporation ( United States ) , in USD, with the ISIN code US05531FBE25, was rated Baa1 ( Lower medium grade - Investment-grade ) by Moody's credit rating agency.

The Bond issued by Truist Corporation ( United States ) , in USD, with the ISIN code US05531FBE25, was rated A- ( Upper medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.







424B2
424B2 1 d586490d424b2.htm 424B2
Filed Pursuant to Rule 424(b)(2)
Registration No. 333-219092

PRICING SUPPLEMENT No. 2, dated May 31, 2018
(To prospectus, dated May 25, 2018, and
prospectus supplement, dated May 25, 2018)


BB&T CORPORATION
Medium-Term Notes, Series G (Senior)


This pricing supplement supplements the terms and conditions in the prospectus, dated May 25, 2018, as supplemented by the prospectus supplement, dated May 25, 2018 (the "prospectus supplement" and together
with the prospectus, dated May 25, 2018, and all documents incorporated herein by reference, the "prospectus"), and relates to the offering and sale of $500,000,000 aggregate principal amount of 3.200% Senior Notes due
September 3, 2021 (the "Three-Year Fixed Rate Notes") and $1,000,000,000 aggregate principal amount of 3.700% Senior Notes due June 5, 2025 (the "Seven-Year Fixed Rate Notes" and, together with the Three-Year Fixed
Rate Notes, the "Notes"). Unless otherwise defined in this pricing supplement, terms used herein have the same meanings as are given to them in the prospectus.

Term

Three-Year Fixed Rate Notes

Seven-Year Fixed Rate Notes
CUSIP / ISIN Nos.
05531FBD4 / US05531FBD42
05531FBE2 / US05531FBE25
Series
Series G (Senior)
Series G (Senior)
Form of Note
Book-Entry
Book-Entry
Principal Amount
$500,000,000
$1,000,000,000
Trade Date
May 31, 2018
May 31, 2018
Original Issue Date
June 5, 2018 (T+3)
June 5, 2018 (T+3)
Maturity Date
September 3, 2021
June 5, 2025
Redemption Date
August 3, 2021
May 5, 2025
Redemption Terms
Redeemable in whole or in part on or after the Redemption Date at
Redeemable in whole or in part on or after the Redemption Date at
100% of the principal amount of the Three-Year Fixed Rate Notes (par), 100% of the principal amount of the Seven-Year Fixed Rate Notes
plus accrued and unpaid interest thereon to, but excluding, the date of
(par), plus accrued and unpaid interest thereon to, but excluding, the
redemption. We shall provide 10 to 60 calendar days' notice of
date of redemption. We shall provide 10 to 60 calendar days' notice
redemption to the registered holder of the Three-Year Fixed Rate
of redemption to the registered holder of the Seven-Year Fixed Rate
Notes.
Notes.
Base Rate
Not applicable
Not applicable
Distribution
Underwritten basis
Underwritten basis
Authorized Denomination
$2,000, or any amount in excess of $2,000 which is an integral multiple
$2,000, or any amount in excess of $2,000 which is an integral
of $1,000
multiple of $1,000
Issue Price
$499,405,000 / 99.881%
$997,980,000 / 99.798%
Net Proceeds (Before Expenses) to the Company
$499,005,000
$996,680,000
Interest Rate
3.200%
3.700%
Initial Interest Rate
Not applicable
Not applicable
Interest Payment Dates
March 3 and September 3 of each year, commencing March 3, 2019
June 5 and December 5 of each year, commencing December 5, 2018
Regular Record Dates
15 calendar days prior to each Interest Payment Date
15 calendar days prior to each Interest Payment Date
Interest Determination Dates
Not applicable
Not applicable
Interest Reset Dates
Not applicable
Not applicable
Index Source
Not applicable
Not applicable
Index Maturity
Not applicable
Not applicable
Spread
Not applicable
Not applicable
Spread Multiplier
Not applicable
Not applicable
Maximum Interest Rate
Not applicable
Not applicable
Day Count
30/360
30/360
Minimum Interest Rate
Not applicable
Not applicable
Original Issue Discount Notes
Not applicable
Not applicable
The Notes are unsecured and will rank equally with our other unsecured and unsubordinated debt obligations.
The Notes are not deposits or other obligations of a bank and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.


Investing in the Notes involves risk. See "Risk Factors" beginning on page S -2 of the prospectus supplement and page 16 of our Annual Report on Form 10-K for the year ended December 31, 2017, which
is incorporated herein by reference.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined that this pricing supplement, the attached prospectus
supplement or the attached prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Per Three-
Per Seven-
Year Fixed
Year Fixed


Rate Note(1)

Total

Rate Note(1)

Total

Price to Public


99.881%
$499,405,000

99.798%
$997,980,000
Underwriters' Discounts


0.080%
$
400,000

0.130%
$
1,300,000
Net Proceeds (Before Expenses) to Us


99.801%
$499,005,000

99.668%
$996,680,000
(1) Plus accrued interest, if any, from June 5, 2018, if settlement occurs after that date.
We expect to deliver the Notes to investors through the book-entry delivery system of The Depository Trust Company and its direct participants on or about June 5, 2018.


Joint Book-Running Managers

BB&T Capital Markets

Credit Suisse

Goldman Sachs & Co. LLC

Morgan Stanley
Co-Managers

Academy Securities, Inc.

The Williams Capital Group, L.P.
May 31, 2018
USE OF PROCEEDS
We intend to use the net proceeds from the sale of the Notes for general corporate purposes, which may include the acquisition of other companies,
repurchasing outstanding shares of our common stock, repayment of maturing obligations and refinancing of outstanding indebtedness and extending credit
https://www.sec.gov/Archives/edgar/data/92230/000119312518181902/d586490d424b2.htm[6/4/2018 9:59:49 AM]


424B2
to, or funding investments in, our subsidiaries. The precise amounts and timing of our use of the net proceeds will depend upon our and our subsidiaries'
funding requirements and the availability of other funds. Pending our use of the net proceeds from the sale of the Notes as described above, we will use the
net proceeds to reduce our short-term indebtedness or for temporary investments.
CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
The consolidated ratios of earnings to fixed charges for us and our subsidiaries for the periods indicated below were as follows:

For the Three
Months


Ended March 31,
For the Year Ended December 31,



2018
2017
2017
2016
2015
2014
2013
Earnings to fixed charges:







Including interest on deposits
4.20x 3.78x 4.62x 5.16x 4.57x 4.72x 4.40x
Excluding interest on deposits
6.20x 5.34x 6.79x 6.93x 5.99x 6.19x 5.93x
For purposes of computing these ratios, earnings represent income before income taxes plus fixed charges and distributions from equity method
investees, less capitalized interest and income (loss) from equity method investees. Fixed charges represent interest expense, capitalized interest and the
interest portion of rent expense. Interest on deposits is subtracted from both the numerator and denominator in the calculation of the "excluding interest on
deposits" ratio. We refer you to Exhibit 12 of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 for additional information.

PS-2
SUPPLEMENTAL INFORMATION CONCERNING THE PLAN OF DISTRIBUTION
We have entered into a syndicated underwriting agreement, dated May 31, 2018 (the "terms agreement"), with the underwriters named below.
Subject to the terms and conditions set forth in the terms agreement, we have agreed to sell to the underwriters, and the underwriters have agreed, severally
and not jointly, to purchase, the principal amount of Notes set forth opposite their respective names below:

Principal
Principal
Amount of
Amount of
Three-Year
Seven-Year
Fixed Rate
Fixed Rate
Underwriter

Notes

Notes

BB&T Capital Markets, a division of BB&T Securities, LLC

$ 121,250,000
$
242,500,000
Credit Suisse Securities (USA) LLC

121,250,000

242,500,000
Goldman Sachs & Co. LLC

121,250,000

242,500,000
Morgan Stanley & Co. LLC

121,250,000

242,500,000
Academy Securities, Inc.


7,500,000

15,000,000
The Williams Capital Group, L.P.


7,500,000

15,000,000








Total

$ 500,000,000
$
1,000,000,000








We have been advised by the underwriters that they propose initially to offer the Notes to the public at the public offering prices set forth on page
one of this pricing supplement. After the initial public offerings, the public offering prices may be changed from time to time.
The Notes are a new issue of securities with no established trading market. The underwriters have advised us that they intend to make a market in the
Notes, as applicable laws and regulations permit, but the underwriters are not obligated to do so and may discontinue any market making at any time
without notice. No assurance can be given as to the liquidity of any trading market for these Notes.
The terms agreement provides that the obligations of the underwriters are subject to certain conditions precedent and that the underwriters will
purchase all the Notes if any are purchased.
The underwriters expect to deliver the Notes to purchasers on or about June 5, 2018, which will be the third business day following the date of
pricing of the Notes (such settlement cycle being herein referred to as "T + 3"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market
generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to
trade the Notes on the date of pricing will be required, by virtue of the fact that the Notes initially will settle in T + 3, to specify an alternate settlement
cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes on the date of pricing of the Notes
should consult their own advisor.
To facilitate the offering of these Notes, the underwriters may engage in transactions that stabilize, maintain or otherwise affect the price of these
Notes. Specifically, the underwriters may overallot in connection with any offering of these Notes, creating a short position in these Notes for their own
accounts. In addition, to cover overallotments or to stabilize the price of these Notes, the underwriters may bid for, and purchase, these Notes in the open
https://www.sec.gov/Archives/edgar/data/92230/000119312518181902/d586490d424b2.htm[6/4/2018 9:59:49 AM]


424B2
market. Finally, in any offering through a syndicate of underwriters, the underwriting syndicate may reclaim selling concessions allowed to an underwriter
or a dealer for distributing these Notes in the offering if the syndicate repurchases previously distributed Notes in transactions to cover syndicate short
positions, in stabilization transactions or otherwise. Any of these activities may stabilize or maintain the market price of these Notes above independent
market levels. The underwriters are not required to engage in these activities, and may end any of these activities at any time.

PS-3
We and the underwriters have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act, or to contribute
to payments made in respect of those liabilities. We have also agreed to reimburse the underwriters for specified expenses.
We estimate that the total offering expenses for the Notes, excluding the underwriters' discounts, will be approximately $750,000.
In the course of their business, the underwriters and certain of their affiliates have engaged and may in the future engage in commercial banking
and/or investment banking transactions with us and with our affiliates. The underwriters and their affiliates may also be customers of, engage in
transactions with and perform services for us, including our subsidiaries, in the ordinary course of business. They have received and may continue to
receive customary fees and commissions for these transactions.
In the ordinary course of their various business activities, the underwriters and their respective affiliates have made or held, and may in the future
make or hold, a broad array of investments including serving as counterparties to certain derivative and hedging arrangements, and may have actively
traded, and, in the future may actively trade, debt and equity securities (or related derivative securities), and financial instruments (including bank loans)
for their own account and for the accounts of their customers and may have in the past and at any time in the future hold long and short positions in such
securities and instruments. Such investment and securities activities may have involved, and in the future may involve, our securities and instruments.
If any of the underwriters or their affiliates have a lending relationship with us, certain of those underwriters or their affiliates routinely hedge, and
certain other of those underwriters or their affiliates may hedge, their credit exposure to us consistent with their customary risk management
policies. Typically, these underwriters and their affiliates would hedge such exposure by entering into transactions, which consist of either the purchase of
credit default swaps or the creation of short positions in our securities, including potentially the notes offered hereby. Any such credit default swaps or short
positions could adversely affect future trading prices of the notes offered hereby. The underwriters and their affiliates may also make investment
recommendations and/or publish or express independent research views in respect of such securities or financial instruments and may hold, or recommend
to clients that they acquire, long and/or short positions in such securities and instruments.
Conflicts of Interest
Our affiliate, BB&T Capital Markets, a division of BB&T Securities, LLC, is a participating joint book-running manager. Because BB&T Capital
Markets, a division of BB&T Securities, LLC, has a conflict of interest pursuant to Financial Industry Regulatory Authority ("FINRA"), this offering is
being conducted in compliance with FINRA Rule 5121. Pursuant to that rule, the appointment of a qualified independent underwriter is not necessary in
connection with this offering, as the offering is of a class of securities rated Baa or better by Moody's rating service or BBB or better by Standard & Poor's
rating service or rated in a comparable category by another rating service acceptable to FINRA.

PS-4
https://www.sec.gov/Archives/edgar/data/92230/000119312518181902/d586490d424b2.htm[6/4/2018 9:59:49 AM]


Document Outline