| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for SunTrust Banks, Inc. > News item |
SunTrust to price floored and capped floating-rate notes due 2018
By Angela McDaniels
Tacoma, Wash., April 2 - SunTrust Banks, Inc. plans to price floored and capped floating-rate notes due April 30, 2018, according to an FWP filing with the Securities and Exchange Commission.
The interest rate will be one-month Libor plus 50 basis points, subject to a minimum rate of 1.2% per year and a maximum rate of 7% per year. Interest will be payable monthly.
The payout at maturity will be par.
SunTrust Robinson Humphrey, Inc. is the agent.
The notes are expected to price April 25 and settle April 30.
The Cusip number is 86802WAU2.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.