Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
December 22 2016 - 4:25PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-197375
December 22, 2016
BB&T Corporation
Pricing Term Sheet
December 22, 2016
Medium-Term Notes, Series E (Senior)
$850,000,000
Senior Floating Rate
Notes due June 15, 2020
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Issuer
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BB&T Corporation
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Security
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Senior Floating Rate Notes due June 15, 2020
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Ratings
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A2 (Moody’s) / A- (S&P) / A+ (Fitch) / AH (DBRS)
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Currency
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USD
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Size
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$850,000,000
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Security Type
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SEC Registered Medium-Term Notes, Series E (Senior)
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Maturity
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June 15, 2020
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Benchmark
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USD 3 month LIBOR
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Benchmark Spread
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57 bps
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Interest Rate
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3-month USD LIBOR + 57 bps
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Payment Frequency
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Semi-Annually
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Reset Frequency
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Quarterly
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Day Count Convention
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Actual/360, modified following
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Redemption Date
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Not applicable
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Redemption Terms
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Not applicable
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Price to Public
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100% of face amount
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Proceeds (Before Expenses) to Issuer
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$849,575,000 (99.95%)
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Interest Payment Dates
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June 15 and December 15 of each year, commencing June 15, 2017
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Interest Reset Dates
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March 15, June 15, September 15, and December 15. All interest accrued for the periods from, and including, each December 15 (or December 27 for the year 2016) to, but excluding, the following March 15, and from, and including,
June 15 to, but excluding, the following September 15, shall separately accrue additional interest at an interest rate per annum of LIBOR as determined on the “Interest Determination Dates” (as defined in the Preliminary Pricing
Supplement) for the interest reset dates of March 15 and September 15, respectively.
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Trade Date
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December 22, 2016
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Settlement Date
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December 27, 2016 (T+2)
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Denominations
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$2,000 x $1,000
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CUSIP / ISIN
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05531FAW3/ US05531FAW32
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Joint Bookrunners
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BB&T Capital Markets, a division of BB&T Securities, LLC
Deutsche Bank Securities Inc.
J.P. Morgan Securities
LLC
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Note: A securities rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any
other rating. The rating may be subject to revision or withdrawal at any time by the assigning rating organization.
The issuer has filed a
registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC
for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will
arrange to send you the prospectus if you request it by calling BB&T Capital Markets, a division of BB&T Securities, LLC toll-free at (804)-787-8221, Deutsche Bank Securities Inc. toll-free at (800) 503-4611, and J.P. Morgan Securities
LLC toll-free at (866) 669-7629.
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