Obligation TruistCorp 0% ( US05531FAT03 ) en USD

TruistCorp

100 % ⇌

Etas-Unis

US05531FAT03 ( en USD )

15/01/2020 - Obligation échue

Prospectus brochure de l'obligation Truist Financial US05531FAT03 en USD 0%, échue

2 000 USD

200 000 000 USD

05531FAT0

N/A

Truist Financial Corporation est une société de services financiers américaine résultant de la fusion de BB&T et de SunTrust Banks en 2019, offrant une gamme complète de services bancaires aux particuliers, aux entreprises et aux institutions.

L'Obligation émise par TruistCorp ( Etas-Unis ) , en USD, avec le code ISIN US05531FAT03, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/01/2020

424B2
424B2 1 d821601d424b2.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)

$1,300,000,000 2.45% Senior Notes due January 15, 2020

$1,300,000,000
$ 151,060
$200,000,000 Senior Floating Rate Notes due January 15, 2020

$ 200,000,000
$
23,240

(1)
Calculated in accordance with Rule 457(r) of the Securities Act of 1933, as amended.
PRICING SUPPLEMENT No. 1 dated December 3, 2014
(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 $1,300,000,000 aggregate principal amount of 2.450% Senior Notes due January 15, 2020 (the "Fixed Rate Notes") and $200,000,000
aggregate principal amount of Senior Floating Rate Notes due January 15, 2020 (the "Floating Rate Notes" and, together with the 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

Fixed Rate Notes

Floating Rate Notes
CUSIP / ISIN Nos.

05531FAS2/US05531FAS20
05531FAT0/US05531FAT03
Series

Series E (Senior)
Series E (Senior)
Form of Note

Book-Entry
Book-Entry
Principal Amount

$1,300,000,000
$200,000,000
Trade Date

December 3, 2014
December 3, 2014
Original Issue Date

December 8, 2014
December 8, 2014
Maturity Date

January 15, 2020
January 15, 2020
Redemption Date

December 15, 2019
December 15, 2019
Redemption Terms
Redeemable in whole or in part on or after the
Redeemable in whole or in part on or after the
Redemption Date at 100% of the principal amount of
Redemption Date at 100% of the principal amount
the Fixed Rate Notes (par), plus accrued and unpaid
of the Floating Rate Notes (par), plus accrued and
interest thereon to the date of redemption. We shall
unpaid interest thereon to the date of redemption.
provide 10 to 60 calendar days' notice of redemption to We shall provide 10 to 60 calendar days' notice of
the registered holder of the Fixed Rate Notes.
redemption to the registered holder of the Floating

Rate Notes.
Base Rate

Fixed Rate Note
LIBOR Note
Distribution

Underwritten basis
Underwritten basis
Authorized Denomination
$2,000, or any amount in excess of $2,000 which is an
$2,000, or any amount in excess of $2,000 which is

integral multiple of $1,000
an integral multiple of $1,000
Issue Price (Dollar Amount and Percentage of Principal
Amount)

$1,298,115,000 / 99.855%
$200,000,000 / 100%
Net Proceeds (Before Expenses) to the Company

$1,296,165,000
$199,700,000
Interest Rate
2.450%
3-month LIBOR determined on the Interest

Determination Date plus the Spread
Initial Interest Rate
Not applicable
3-month LIBOR determined two London business

days prior to December 8, 2014, plus 0.715%
Interest Payment Dates
January 15, and July 15 of each year, commencing July January 15, April 15, July 15, and October 15 of

15, 2015
each year, commencing April 15, 2015
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
Two London business days prior to each Interest

Reset Date
Interest Reset Dates
Not applicable
January 15, April 15, July 15, and October 15 of
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424B2

each year
Index Source

Not applicable
Reuters Page LIBOR01
Index Maturity

Not applicable
3 month
Spread

Not applicable
0.715%
Spread Multiplier

Not applicable
Not applicable
Maximum Interest Rate

Not applicable
Maximum rate permitted by New York law
Day Count

30/360
Actual/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 on page 21 of our Annual
Report on Form 10-K for the year ended December 31, 2013.
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 Fixed
Per Floating

Rate Note(1)

Total

Rate Note(1)

Total

Price to Public

99.855%
$1,298,115,000

100.000%
$200,000,000
Underwriters' Commissions or Discounts

0.150%
$
1,950,000

0.150%
$
300,000
Net Proceeds (Before Expenses) to Us

99.705%
$1,296,165,000

99.850%
$199,700,000

(1) Plus accrued interest, if any, from December 8, 2014, 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
December 8, 2014.

Joint Book-Running Managers

BB&T Capital Markets

Deutsche Bank Securities
Morgan Stanley
Mischler Financial Group, Inc.

Ramirez & Co., Inc.
December 3, 2014
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.
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:

Nine Months
Ended

September 30,
Year Ended December 31,

2014 2013 2013 2012 2011 2010 2009
Earnings to Fixed Charges:

Excluding interest on deposits
5.53x 5.44x 5.62x 4.91x 2.91x 1.99x 2.21x
Including interest on deposits
4.25x 4.03x 4.18x 3.43x 2.10x 1.50x 1.48x
For purposes of computing these ratios, earnings represent income from continuing operations before extraordinary items and cumulative
effects of changes in accounting principles plus income taxes and fixed charges (excluding capitalized interest and dividends on our preferred
stock, less earnings attributable to noncontrolling interest). Fixed charges, excluding interest on deposits, represent interest (other than on deposits,
but including capitalized interest), one-third of rents (the proportion representative of the interest factor) and all amortization of debt issuance costs.
Fixed charges, including interest on deposits, represent all interest, one-third of rents (the proportion representative of the interest factor) and all
amortization of debt issuance costs.

PS-2
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424B2
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, a withholding tax of 30% will generally be imposed, subject to certain exceptions, on payments of
(a) interest on notes on or after July 1, 2014, and (b) gross proceeds from the sale or other disposition of notes on or after January 1, 2017. 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-3
SUPPLEMENTAL INFORMATION CONCERNING THE PLAN OF DISTRIBUTION
We have entered into a syndicated underwriting agreement, dated as of December 3, 2014 (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
Principal
Amount of
Amount of
Fixed Rate
Floating Rate
Underwriter

Notes

Notes

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

$
407,300,000
$ 62,660,000
Deutsche Bank Securities Inc.

407,400,000
62,680,000
Morgan Stanley & Co. LLC

407,300,000
62,660,000
Mischler Financial Group, Inc.

39,000,000

6,000,000
Samuel A. Ramirez & Company, Inc.

39,000,000

6,000,000

Total

$ 1,300,000,000
$ 200,000,000

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.
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424B2
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.

PS-4
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.
Selling Restrictions
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.
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424B2
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.
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

PS-5
(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.
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-6
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Document Outline

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