Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)

Filed Pursuant to Rule 433

Registration No. 333-197375

March 16, 2017

 

BB&T Corporation

Pricing Term Sheet

March 16, 2017

Medium-Term Notes, Series E (Senior)

$350,000,000

Senior Floating Rate Notes due April 1, 2022

 

Issuer		BB&T Corporation
Security		Senior Floating Rate Notes due April 1, 2022
Ratings		A2 (Moody’s) / A- (S&P) / A+ (Fitch) / AH (DBRS)
Currency		USD
Size		$350,000,000
Security Type		SEC Registered Medium-Term Notes, Series E (Senior)
Maturity		April 1, 2022
Benchmark		3-month USD LIBOR
Benchmark Spread		65 bps
Interest Rate		3-month USD LIBOR + 65 bps
Payment Frequency		Quarterly
Reset Frequency		Quarterly
Day Count Convention		Actual/360, modified following
Redemption Date		March 1, 2022
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, but excluding, the date of redemption. BB&T Corporation shall provide 10 to 60 calendar days’ notice of redemption to the registered holder of the Senior Floating Rate Notes.
Price to Public		100% of face amount
Proceeds (Before Expenses) to Issuer		$349,510,000 (99.86%)
Interest Payment Dates		January 1, April 1, July 1 and October 1, commencing July 1, 2017
Interest Reset Dates		January 1, April 1, July 1 and October 1 of each year.

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Trade Date		March 16, 2017
Settlement Date		March 21, 2017 (T+3)
Denominations		$2,000 x $1,000
CUSIP / ISIN		05531FAY9 / US05531FAY97
Joint Bookrunners		BB&T Capital Markets, a division of BB&T Securities, LLC Merrill Lynch, Pierce, Fenner & Smith                      Incorporated Goldman, Sachs & Co. Morgan Stanley & Co. LLC
Co-Managers		Mischler Financial Group, Inc. The Williams Capital Group, L.P.

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 [phone], Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at [phone], Goldman, Sachs & Co. toll-free at [phone] or Morgan Stanley & Co. LLC toll-free at [phone].