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Preferred Stock

Reviewed and refreshed October 1, 2023.

 

Security CUSIP, ISIN Ticker Depositary Share Ownership Interest Issue Date Annual Dividend Rate Dividend Payment Dates Callable on or after Redemption Price Legacy issuer / series
Series I Non-Cumulative Perpetual Preferred Stock 89832Q810, US89832Q8107 TFC PrI 1/4,000 12/6/20191 Greater of 4.00% or [(3-month CME Term SOFR + 0.26161%) + 0.530%]2 3/15, 6/15, 9/15, 12/15 First dividend on or after 12/15/2024 $25 per depositary share SunTrust series A
Series J Non-Cumulative Perpetual Preferred Stock 86800XAA6, US86800XAA63 TFC PrJ 1/100 12/6/20191 Greater of 4.00% or [(3-month CME Term SOFR + 0.26161%) + 0.645%]2 3/15, 6/15, 9/15, 12/15 First dividend on or after 12/15/2024 $1,000 per depositary share SunTrust series B
Series L Non-Cumulative Perpetual Preferred Stock 89832QAB5, US89832QAB59 Not listed 1/100 12/6/20191 5.050% until 6/15/2022, then [(3-month CME Term SOFR + 0.26161%) + 3.102%]2 6/15 and 12/15 through 6/15/2022; then 3/15, 6/15, 9/15, and 12/15 beginning 9/15/2022 On any dividend payment date on or after 12/15/2024 $1,000 per depositary share SunTrust series G
Series M Non-Cumulative Perpetual Preferred Stock 89832QAC3, US89832QAC33 Not listed 1/100 12/6/20191 5.125% until 12/15/2027, then [(3-month CME Term SOFR + 0.26161%) + 2.786%]2 6/15 and 12/15 until 12/15/2027, then 3/15, 6/15, 9/15, 12/15 On any dividend payment date on or after 12/15/2027 $1,000 per depositary share SunTrust series H
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock 89832QAD1, US89832QAD16 Not listed 1/25 7/29/2019 4.800% until 9/1/2024, then 5Y Treasury + 3.003% 3/1, 9/1 9/1/2024 $1,000 per depositary share BB&T series N
Series O Non-Cumulative Perpetual Preferred Stock 89832Q745, US89832Q7455 TFC PrO 1/1,000 5/27/2020 5.250% 3/1, 6/1, 9/1, 12/1 6/1/2025 $25 per depositary share n/a
Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock 89832QAE9, US89832QAE98 Not listed 1/25 6/1/2020 4.950% until 12/1/2025, then 5Y Treasury + 4.605% 6/1, 12/1 12/1/2025 $1,000 per depositary share n/a
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock 89832QAF6, US89832QAF63 Not listed 1/25 6/19/2020 5.100% until 9/1/2030, then 10Y Treasury + 4.349% 3/1, 9/1 9/1/2030 $1,000 per depositary share n/a
Series R Non-Cumulative Perpetual Preferred Stock 89832Q695, US89832Q6952 TFC PrR 1/1,000 8/3/2020 4.750% 3/1, 6/1, 9/1, 12/1 9/1/2025 $25 per depositary share n/a

 

Notes
1 Converted security from previously-issued SunTrust preferred stock 
2 The dividend rate for this security previously referenced 3-month LIBOR. Due to the cessation of LIBOR, the dividend rate now incorporates the replacement rate of 3-month CME Term SOFR plus a 3-month tenor spread adjustment of 0.26161% per annum for dividend periods with reference rate determination dates that occur after June 30, 2023. For more information, please refer to the related press release, available online at: https://media.truist.com/2023-05-26-Truist-Financial-Corporation-Announces-CME-Term-SOFR-as-Replacement-Reference-Rate-for-Outstanding-U-S-Dollar-Libor-Linked-Securities