Filed pursuant to Rule 433
Registration Statement No. 333-152543
April 27, 2009
BB&T Corporation
Pricing Term Sheet
Medium-Term Notes, Series A (Senior)
6.85% Senior Notes due 2019
| Issuer: |
BB&T Corporation | |
| Security: |
6.85% Notes due 2019 | |
| Ratings of this series of Notes: |
A1 (Moody’s)/A+ (S&P)/AA- (Fitch) | |
| Currency: |
USD | |
| Size: |
$400,000,000 | |
| Security Type: |
SEC Registered Medium-Term Notes, Series A (Senior). This debt is not guaranteed under the Federal Deposit Insurance Corporation’s Temporary Liquidity Guarantee Program. | |
| Maturity Date: |
April 30, 2019 | |
| Coupon: |
6.85% | |
| Payment Frequency: |
Semi-Annually | |
| Day Count Convention: |
30/360 | |
| Benchmark Treasury: |
2.750% US Treasury due 02/19 | |
| Spread to Benchmark Treasury: |
+395 bps | |
| Benchmark Treasury Spot and Yield: |
98-17; 2.923% | |
| Price to Public: |
99.837% of face amount | |
| Yield to maturity: |
6.873% | |
| Proceeds (Before Expenses) to Issuer: |
$397,548,000 (99.387%) | |
| Interest Payment Dates: |
April 30 and October 30 of each year, commencing October 30, 2009 | |
| Trade Date: |
April 27, 2009 | |
| Settlement Date: |
May 4, 2009 (T+5) | |
| Minimum Denominations: |
$1,000 x $1,000 | |
| CUSIP: |
05531FAB9 | |
| Joint Bookrunners: |
Barclays Capital Inc. J.P. Morgan Securities Inc. BB&T Capital Markets, a division of Scott & Stringfellow, LLC | |
Note: A securities rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. A 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 pricing supplement, a prospectus supplement and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read those documents and the 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 website at www.sec.gov. Alternatively, the issuer, any agent or any dealer participating in the offering will arrange to send you the pricing supplement, the prospectus supplement and the prospectus if you request it by calling Barclays Capital Inc. at 1-888-227-2275 (ext. 2663), J.P. Morgan Securities Inc. at 1-212-834-4533 or BB&T Capital Markets, a division of Scott & Stringfellow, LLC at 804-787-8221.