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SunTrust Banks plans Leveraged Index Return Notes tied to Euro Stoxx
By Sarah Lizee
Olympia, Wash., Oct. 8 – SunTrust Banks, Inc. plans to price 0% Leveraged Index Return Notes due October 2021 tied to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 140% to 160% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
BofA Merrill Lynch is the agent.
The notes will price in October and settle in November.
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