New Issue: SunTrust prices $1.1 million fixed-to-contingent coupon notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 14 - SunTrust Banks, Inc. priced $1.1 million of fixed-to-contingent coupon notes due March 16, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually. The interest rate is fixed at 3% for years one and two. For years three through five, the notes will pay a coupon of 5% per year if the index closes at or above the initial level on the semiannual observation date. Otherwise, the coupon will be 1% per year for that interest period.

The payout at maturity will be par.

SunTrust Robinson Humphrey Inc. is the agent.

Issuer:	SunTrust Banks, Inc.
Issue:	Fixed-to-contingent coupon notes
Underlying index:	S&P 500
Amount:	$1,098,000
Maturity:	March 16, 2016
Coupon:	3% for first two years; after that, 5% if index closes at or above initial level on an annual observation date or 1% if it does not; payable semiannually
Price:	Par
Payout at maturity:	Par
Initial index level:	1,295.11
Pricing date:	March 10
Settlement date:	March 16
Agent:	SunTrust Robinson Humphrey Inc.
Fees:	2%
Cusip:	86802WAD0

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