SunTrust plans five-year leveraged notes with buffer tied to the Dow

By Susanna Moon

Chicago, May 15 – SunTrust Banks, Inc. plans to price 0% Leveraged Index Return Notes due May 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 101% to 121% of any index gain.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.

BofA Merrill Lynch is the agent.

The notes will price in May and settle in June.

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