Banker First Horizon National Corporation (FHN) has announced the pricing of their new preferred stock.
The coupon will be 6.50%. The issue is non-cumulative and is rated BB- by Fitch and Ba2 by Moodys–not investment grade.
The permanent ticker will be FHN-E when it finally trades on the NYSE.
As of this moment the OTC grey market ticker has not been announced.
The pricing term sheet can be read here.