Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration StatementNo. 333-232886
January 28, 2020
Huntington Bancshares Incorporated
2.550% Senior Notes Due February 4, 2030 (the “Notes”)
SUMMARYOF TERMS DATED JANUARY 28, 2020
Issuer | Huntington Bancshares Incorporated | |
Security | 2.550% Senior Notes Due 2030 | |
Note Type | Senior Notes | |
Legal Format | SEC Registered (Registration StatementNo. 333-232886) | |
Aggregate Principal Amount Offered | $750,000,000 | |
Minimum Denominations | $2,000 | |
Minimum Increments | $1,000 | |
Trade Date | January 28, 2020 | |
Settlement Date | February 4, 2020 (T+5) | |
Maturity Date | February 4, 2030 | |
Interest Payment Dates | Each February 4 and August 4, commencing on August 4, 2020 | |
Reference Benchmark | UST 1.75% Notes, due November 15, 2029 | |
Benchmark Yield | 1.646% | |
Spread to Benchmark | T + 95 basis points | |
Reoffer Yield | 2.596% | |
Coupon | 2.550% | |
Redemption Provision | The notes may not be redeemed by the Issuer prior to August 2, 2020 (180 days after February 4, 2020 (or, if additional notes are issued thereafter, prior to 180 days after such additional issuance)). The notes may be redeemed by the Issuer, at its option, in whole or in part, at any time thereafter and prior to November 4, 2029, at a redemption price equal to 100% of the aggregate principal amount of notes to be redeemed, plus a “make-whole amount” at T+0.15%, plus accrued and unpaid interest to the date of redemption.
The Issuer has the option, at any time on or after November 4, 2029 (three months prior to the maturity date of the notes), to redeem the notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest thereon to the redemption date. | |
Price to Investors | 99.597% of the face amount | |
Underwriting Discount | 0.450% of the face amount | |
Listing | None | |
Joint Book-Running Managers | Morgan Stanley & Co. LLC Credit Suisse Securities (USA) LLC The Huntington Investment Company J.P. Morgan Securities LLC RBC Capital Markets, LLC | |
Co-Managers | Academy Securities, Inc. Raymond James & Associates, Inc. Robert W. Baird & Co. Incorporated | |
CUSIP Number | 446150 AS3 | |
ISIN Number | US446150AS35 | |
The Issuer has filed a registration statement (File Number333-232886) (including a prospectus) and a preliminary prospectus supplement with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement related to that registration statement and other documents that the Issuer has filed with the Securities and Exchange Commission for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the website of the Securities and Exchange Commission at www.sec.gov. Copies of the prospectus, preliminary prospectus supplement and any subsequently filed prospectus supplement relating to the offering may be obtained from Morgan Stanley & Co. LLC at Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; telephone:866-805-4128,e-mail: syndicate@sandleroneill.com, Credit Suisse Prospectus Department, Eleven Madison Avenue, New York, NY 10010;telephone: 1-800-221-1037,e-mail:usa.prospectus@credit-suisse.com, The Huntington Investment Company, telephone:613-480-5676, J.P. Morgan Securities LLC, telephone:1-212-834-4533, RBC Capital Markets, LLC, telephone:1-866-375-6829.
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