FWP

Filed Pursuant to Rule 433

Registration No. 333-197375

March 16, 2017

 

LOGO

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.


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 (844) 499-2713, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322, Goldman, Sachs & Co. toll-free at (866)471-2526 or Morgan Stanley & Co. LLC toll-free at (866) 718-1649.