Filed Pursuant to Rule 433
Registration No. 333-197375
December 3, 2014
BB&T Corporation
Pricing Term Sheet
Medium-Term Notes, Series E (Senior)
$200,000,000
Senior Floating Rate Notes due 2020
| Issuer |
BB&T Corporation |
| Security |
Senior Floating Rate Notes due January 15, 2020 |
| Ratings |
A2 (Moody’s) / A- (S&P) / A+ (Fitch) / AH (DBRS) |
| Currency |
USD |
| Size |
$200,000,000 |
| Security Type |
SEC Registered Medium-Term Notes, Series E (Senior) |
| Maturity |
January 15, 2020 |
| Benchmark |
USD 3-month LIBOR |
| Benchmark Spread |
+71.5 bps |
| Coupon |
3-month USD LIBOR +71.5 bps |
| Payment Frequency |
Quarterly |
| Day Count Convention |
Actual/360 |
| Redemption Date |
December 15, 2019 |
| 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. BB&T Corporation shall provide 10 to 60 calendar days’ notice of redemption to the registered holder of the Senior Notes. |
| Price to Public |
100% of face amount |
| Net Proceeds (Before Expenses) to Issuer |
$199,700,000 (99.85%) |
| Interest Payment Dates |
January 15, April 15, July 15 and October 15 of each year, commencing April 15, 2015 |
| Trade Date |
December 3, 2014 |
| Settlement Date |
December 8, 2014 (T+3) |
| Denominations |
$2,000 x $1,000 |
| CUSIP / ISIN |
05531FAT0 / US05531FAT03 |
| Joint Bookrunners |
BB&T Capital Markets, a division of BB&T Securities, LLC |
| Deutsche Bank Securities Inc. |
| Morgan Stanley & Co. LLC |
| Co-Managers |
Mischler Financial Group, Inc. |
| Samuel A. Ramirez & Company, Inc. |
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 pricing supplement, a prospectus supplement and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read those documents and the 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 website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the pricing supplement, the prospectus supplement and the prospectus if you request them by calling BB&T Capital Markets, a division of BB&T Securities, LLC at 804-787-8221, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.