Coupon Floats at 3 month Libor or a minimum of 4%.
Was originally SunTrust which merged with BB&T to form Truist Financial
Sector: Banking
SunTrust Banks, 5.875% Perpetual Preferred Stock, Series E
State Street Corp., 5.90% Fixed-to-Floating Non-Cumulutive Preferred Stock Series D
Coupon is fixed at 5.90% until 3/15/2024 after which it floats at the rate of 3 month Libor plus a spread of 3.108%
Redemption can only occur on a dividend payment date
State Street Corp., 5.35% Fixed-to-Floating Non-Cumulative Preferred Stock Series G
Coupon will be fixed at 5.35% until 3/15/2026 after which it will float at a rate of 3 month Libor plus a spread of 3.709%.
Redemption can only occur on a dividend payment date
State Street Corp., 5.25% Non-Cumulative Perpetual Preferred Stock, Series C
Redemption can only occur on a dividend payment