Obbligazione TruistCorp 2.05% ( US05531FAV58 ) in USD

TruistCorp

100 USD ▲

Stati Uniti

US05531FAV58 ( in USD )

2.05% per anno ( pagato 2 volte l'anno)

10/05/2021 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Truist Financial US05531FAV58 in USD 2.05%, scaduta

1 000 USD

1 250 000 000 USD

05531FAV5

N/A

Truist Financial Corporation è una società di servizi finanziari statunitense nata dalla fusione di BB&T e SunTrust Banks nel 2019, offrendo una vasta gamma di servizi bancari, di investimento e di gestione patrimoniale a clienti individuali e aziende.

The Obbligazione issued by TruistCorp ( United States ) , in USD, with the ISIN code US05531FAV58, pays a coupon of 2.05% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 10/05/2021

424B2
424B2 1 d183581d424b2.htm 424B2

Filed Pursuant to Rule 424(b)(2)
Registration No. 333-197375
CALCULATION OF REGISTRATION FEE

Proposed
Maximum
Amount of
Title of each Class of
Aggregate
Registration
Securities to be Registered

Offering Price

Fee(1)
$1,250,000,000 2.050% Senior Notes due May 10, 2021

$1,250,000,000
$125,875

(1)
Calculated in accordance with Rule 457(r) of the Securities Act of 1933, as amended.

PRICING SUPPLEMENT No. 3 dated May 5, 2016
(To prospectus dated July 11, 2014 and
prospectus supplement dated August 4, 2014)

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

This pricing supplement supplements the terms and conditions in the prospectus, dated July 11, 2014, as supplemented by the prospectus
supplement, dated August 4, 2014 (the "prospectus supplement" and together with the prospectus, dated July 11, 2014, and with all documents
incorporated herein by reference, the "prospectus"), and relates to the offering and sale of $1,250,000,000 aggregate principal amount of 2.050%
Senior Notes due May 10, 2021 (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

Notes
CUSIP / ISIN Nos.
05531FAV5 / US05531FAV58
Series
Series E (Senior)
Form of Note
Book-Entry
Principal Amount
$1,250,000,000
Trade Date
May 5, 2016
Original Issue Date
May 10, 2016
Maturity Date
May 10, 2021
Redemption Date
April 9, 2021
Redemption Terms
Redeemable in whole or in part on or after the Redemption Date at
100% of the principal amount of the Notes (par), plus accrued and
unpaid interest thereon to the date of redemption. We shall provide 10
to 60 calendar days' notice of redemption to the registered holder of
the Notes.
Base Rate
Not applicable
Distribution
Underwritten basis
Authorized Denomination
$2,000, or any amount in excess of $2,000 which is an integral
multiple of $1,000
Issue Price (Dollar Amount and Percentage of Principal Amount)
$1,248,700,000 / 99.896%
Net Proceeds (Before Expenses) to the Company
$1,246,825,000
Interest Rate
2.050%
Initial Interest Rate
Not applicable
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424B2
Interest Payment Dates
May 10 and November 10 of each year, commencing November 10,
2016
Regular Record Dates
15 calendar days prior to each Interest Payment Date
Interest Determination Dates
Not applicable
Interest Reset Dates
Not applicable
Index Source
Not applicable
Index Maturity
Not applicable
Spread
Not applicable
Spread Multiplier
Not applicable
Maximum Interest Rate
Not applicable
Day Count
30/360
Minimum Interest Rate
Not applicable
Original Issue Discount Notes
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 17 of our
Annual Report on Form 10-K for the year ended December 31, 2015, 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 Note(1)
Total

Price to Public

99.896%
$1,248,700,000
Underwriters' Commissions or Discounts

0.150%
$
1,875,000
Net Proceeds (Before Expenses) to Us

99.746%
$1,246,825,000

(1)
Plus accrued interest, if any, from May 10, 2016, 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 May 10, 2016.

Joint Book-Running Managers

BB&T Capital Markets

Deutsche Bank Securities

Goldman, Sachs & Co.

Wells Fargo Securities

Co-Managers

Drexel Hamilton

Mischler Financial Group, Inc.

Ramirez & Co., Inc.
May 5, 2016
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 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.
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424B2
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:

Three Months
Ended

March 31,

Year Ended December 31,

2016 2015 2015 2014 2013 2012 2011
Earnings to Fixed Charges:

Including interest on deposits
4.80x 4.90x 4.57x 4.72x 4.40x 3.61x 2.20x
Excluding interest on deposits
6.41x 6.36x 5.99x 6.19x 5.93x 5.21x 3.09x
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 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, 2016 for
additional information.

PS-3
SUPPLEMENTAL INFORMATION CONCERNING
CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES
The following supplemental information concerning the Notes is intended to be read in conjunction with the statements under "Certain
United States Federal Income Tax Consequences" in the accompanying prospectus supplement, which the following information supplements and,
if there are any inconsistencies, supersedes.
Foreign Account Tax Compliance Act
The Foreign Account Tax Compliance Act ("FATCA") generally imposes a 30% withholding tax on interest payments and proceeds of sale
of interest-bearing obligations for payments made after the relevant effective date to certain foreign financial institutions that fail to certify their
FATCA status, and investment funds and non-financial foreign entities if certain disclosure requirements related to direct and indirect United
States shareholders and/or United States accountholders are not satisfied.
Under applicable Treasury regulations and IRS guidance (including Notice 2015-66), a withholding tax of 30% will generally be imposed,
subject to certain exceptions, on payments of (i) interest on notes and (ii) on or after January 1, 2019, gross proceeds from the sale or other
disposition of notes. In the case of payments made to a "foreign financial institution" (generally including an investment fund), as a beneficial
owner or as an intermediary, the tax generally will be imposed, subject to certain exceptions, unless such institution (i) enters into (or is otherwise
subject to) and complies with an agreement with the U.S. government (a "FATCA Agreement") or (ii) is required by and complies with applicable
foreign law enacted in connection with an intergovernmental agreement between the United States and a foreign jurisdiction (an "IGA"), in either
case to, among other things, collect and provide to the U.S. or other relevant tax authorities certain information regarding U.S. account holders of
such institution. In the case of payments made to a foreign entity that is not a financial institution (as a beneficial owner), the tax generally will be
imposed, subject to certain exceptions, unless such entity provides the withholding agent with a certification that it does not have any "substantial"
U.S. owner (generally, any specified U.S. person that directly or indirectly owns more than a specified percentage of such entity) or that identifies
its "substantial" U.S. owners. If the notes are held through a foreign financial institution that enters into (or is otherwise subject to) a FATCA
Agreement, such foreign financial institution (or, in certain cases, a person paying amounts to such foreign financial institution) generally will be
required, subject to certain exceptions, to withhold such tax on payments of dividends and proceeds described above made to (x) a person
(including an individual) that fails to comply with certain information requests or (y) a foreign financial institution that has not entered into (and is
not otherwise subject to) a FATCA Agreement and is not required to comply with FATCA pursuant to applicable foreign law enacted in
connection with an IGA. Coordinating rules may limit duplicative withholding in cases where the withholding described in the Prospectus in
"Non-U.S. Holders" or "Backup Withholding and Information Reporting" also applies.
If any amount of, or in respect of, U.S. withholding tax were to be deducted or withheld from payments on the notes as a result of a failure by
an investor (or by an institution through which an investor holds the notes) to comply with FATCA, neither the issuer nor any paying agent nor any
other person would, pursuant to the terms of the notes, be required to pay additional amounts with respect to any notes as a result of the deduction
or withholding of such tax. Each Non-U.S. holder should consult its own tax advisor regarding the application of FATCA to the ownership and
disposition of the notes.

PS-4
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424B2
SUPPLEMENTAL INFORMATION CONCERNING THE PLAN OF DISTRIBUTION
We have entered into a syndicated underwriting agreement, dated May 5, 2016 (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 to
purchase, the principal amount of Notes set forth opposite their respective names below:

Principal
Amount of
Underwriter

Notes

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

$ 293,750,000
Deutsche Bank Securities Inc.

$ 293,750,000
Goldman, Sachs & Co.

$ 293,750,000
Wells Fargo Securities, LLC

$ 293,750,000
Drexel Hamilton, LLC

$
25,000,000
Mischler Financial Group, Inc.

$
25,000,000
Samuel A. Ramirez & Company, Inc.

$
25,000,000

Total

$1,250,000,000

We have been advised by the underwriters that they propose initially to offer the Notes to the public at the public offering price set forth on
page one of this pricing supplement. After the initial public offering, the public offering price 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.
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 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.
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.

PS-5
Selling Restrictions
Canada
The Notes may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined in
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424B2
National Instrument 45-106 Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in
National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the Notes must be made in
accordance with an exemption from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.
Securities legislation in certain provinces or territories of Canada may provide a purchaser with remedies for recission or damages if this
pricing supplement (including any amendment thereto) contains a misrepresentation, provided that the remedies for recission or damages are
exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser's province or territory. The purchaser
should refer to any applicable provisions of the securities legislation of the purchaser's province or territory for particulars of these rights or consult
with a legal advisor.
Pursuant to section 3A.3 of National Instrument 33-105 Underwriting Conflicts (NI 33-105), the underwriters are not required to comply
with the disclosure requirements of NI 33-105 regarding the underwriter conflicts of interest in connection with this offering.
European Economic Area
In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive, as defined below (each, a
"Relevant Member State"), each underwriter has represented and agreed that with effect from and including the date on which the Prospectus
Directive is implemented in that Relevant Member State (the "Relevant Implementation Date") it has not made and will not make an offer of
Notes which are the subject of the offering contemplated by this pricing supplement to the public in that Relevant Member State other than:
(a) to any legal entity which is a qualified investor as defined in the Prospectus Directive;
(b) to fewer than 100 or, if the Relevant Member State has implemented the relevant provision of the 2010 PD Amending Directive, 150,
natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus Directive,
subject to obtaining the prior consent of the underwriters; or
(c) in any other circumstances falling within Article 3(2) of the Prospectus Directive, provided that no such offer of Notes shall require the
issuer or any underwriter to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to
Article 16 of the Prospectus Directive.
For the purposes of this provision, the expression an "offer of Notes to the public" in relation to any Notes in any Relevant Member State
means the communication in any form and by any means of sufficient information on the terms of the offer and the Notes to be offered so as to
enable an investor to decide to purchase or subscribe the Notes, as the same may be varied in that Member State by any measure implementing the
Prospectus Directive in that Member State, the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto,
including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing
measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU.
United Kingdom
Each underwriter has represented and warranted that:
(a) it has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation or
inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000 (the
"FSMA")) received by it in connection with the offer of the Notes in circumstances in which Section 21(1) of the FSMA does not apply to
us; and
(b) it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the Notes
in, from or otherwise involving the United Kingdom.

PS-6
Hong Kong
The Notes may not be offered or sold by means of any document other than (i) in circumstances which do not constitute an offer to the public
within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), (ii) to "professional investors" within the meaning of the
Securities and Futures Ordinance (Cap.571, Laws of Hong Kong) and any rules made thereunder, or (iii) in other circumstances which do not result
in the document being a "prospectus" within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), and no advertisement,
invitation or document relating to the Notes may be issued or may be in the possession of any person for the purpose of issue (in each case whether
in Hong Kong or elsewhere), which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if
permitted to do so under the Laws of Hong Kong) other than with respect to Notes which are or are intended to be disposed of only to persons
outside Hong Kong or only to "professional investors" within the meaning of the Securities and Futures Ordinance (Cap.571, Laws of Hong Kong)
and any rules made thereunder.
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424B2
Japan
The Notes have not been and will not be registered under the Financial Instruments and Exchange Law of Japan (as amended, the "FIEL").
The Notes may not be offered or sold, directly or indirectly, in Japan or to or for the benefit of any resident of Japan or Japanese corporation,
except in accordance with the provisions of, or pursuant to an exemption available under, the applicable laws and regulations of Japan including the
FIEL. For the purpose hereof, "resident of Japan" means an individual whose address is in Japan, and "Japanese corporation" means a legal entity
organized under the laws of Japan.
Conflicts of Interest
Because BB&T Capital Markets, a division of BB&T Securities, LLC, our affiliate, is a participating joint book-running manager, this
offering is being conducted in compliance with Financial Industry Regulatory Authority ("FINRA") Rule 5121, as administered by FINRA.
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-7
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Document Outline

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