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FIFTH THIRD BANCORP — Capital/Financing Update 2017
Jun 13, 2017
30331_rns_2017-06-13_796d78d7-8e4b-429a-96a9-ba33bdfdc8cc.zip
Capital/Financing Update
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FWP 1 d365067dfwp.htm FWP FWP
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-210429
Dated June 12, 2017
Term Sheet
$700,000,000
2.600% Senior Notes due 2022
| Issuer: | Fifth Third Bancorp |
|---|---|
| Security: | 2.600% Senior Notes due June 15, 2022 |
| Expected Ratings*: | Baa1 (Moodys) / BBB+ (S&P) / A (Fitch) |
| Currency: | USD |
| Size: | $700,000,000 |
| Security Type: | SEC Registered Senior Notes |
| Maturity: | June 15, 2022 |
| Coupon: | 2.600% |
| Payment Frequency: | Semi-Annually |
| Day Count Convention: | 30/360 |
| Optional Redemption: | The notes are not subject to repayment at the option of the holders prior to the maturity date. The Issuer may redeem the Senior Notes, in whole or in part, on or after the date that is 30 days prior to the maturity date at a |
| redemption price equal to 100% of the principal amount of the Senior Notes redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date. | |
| Benchmark Treasury: | 1.750% US Treasury due May 31, 2022 |
| Benchmark Treasury Spot and Yield: | 99-28; 1.776% |
| Spread to Benchmark Treasury: | +83 bps |
| Yield to Maturity: | 2.606% |
| Price to Public: | 99.972% of face amount |
| Proceeds (Before Expenses) to Issuer: | $697,354,000 |
| Interest Payment Dates: | June 15 and December 15 of each year, commencing December 15, 2017 |
| Trade Date: | June 12, 2017 |
|---|---|
| Settlement Date: | June 15, 2017 (T+3) |
| Denominations: | $2,000 x $1,000 |
| CUSIP/ISIN: | 316773 CU2 / US316773CU23 |
| Joint Book-Running Managers: | Morgan Stanley & Co. LLC Citigroup |
| Global Markets Inc. Credit Suisse Securities (USA) LLC Fifth | |
| Third Securities, Inc. | |
| Co-Managers: | Academy Securities, Inc. The Williams Capital |
| Group, L.P. |
*** Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.**
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and 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 Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Morgan Stanley & Co. LLC toll free at 1-866-718-1649, Citigroup Global Markets Inc. toll free at 1-800-831-9146, Credit Suisse Securities (USA) LLC at Credit Suisse Prospectus Department toll free at 1-800-221-1037, or Fifth Third Securities, Inc. toll free at 1-800-950-4623.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.