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SYNOVUS FINANCIAL CORP — Capital/Financing Update 2012
Feb 8, 2012
30812_rns_2012-02-08_3d702d83-f4d5-49ad-b1da-1ede033f7aa0.zip
Capital/Financing Update
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Free Writing Prospectus (To the Preliminary Prospectus Supplement dated February 7, 2012) Filed Pursuant to Rule 433 under the Securities Act Registration Statement No. 333-166300
Dated: February 8, 2012
Pricing Term Sheet
$300,000,000 7.875% Senior Notes due 2019
| Issuer: | Synovus Financial Corp. |
|---|---|
| Expected Ratings (Moodys/S&P):* | B2/B (Stable/Stable) |
| Trade Date: | February 8, 2012 |
| Settlement Date: | February 13, 2012 (T+3) |
| Principal Amount: | $300,000,000 |
| Maturity Date: | February 15, 2019 |
| Coupon: | 7.875% per annum |
| Benchmark Treasury: | 1.250% due 2019 |
| Issue Price (Price to Public): | 99.339% of face amount |
| Yield to Maturity: | 8.000% |
| Payment Frequency: | Semi-Annually |
| Interest Payment Dates: | February 15 and August 15, commencing August 15, 2012 |
| Make-Whole Call: | 50 basis points |
| Denominations: | $2,000 x $1,000 |
| CUSIP/ISIN: | 87161C AJ4/US87161CAJ45 |
| Sole Book-Running Manager: | J.P. Morgan Securities LLC |
| Co-Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated Sandler ONeill + Partners, 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.
Synovus Financial Corp. (Synovus) has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the applicable prospectus supplement and other documents that Synovus has filed with the SEC for more complete information about Synovus and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Synovus, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities LLC collect at (212) 834-4533.
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.