A $200 million issue of SunTrust Banks Inc.'s 7.375% notes, due July 1, 2002, was priced at 99.62 to yield 7.42%, or a yield spread of 50 basis points over comparable U.S. Treasury securities.

Rated A1 by Moody's Investors Service Inc. and A-plus by Standard & Poor's Corp., the issue will be sold through underwriters led by Lehman Brothers Inc.

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