American International Group, Inc. (NYSE:AIG) today announced
the pricing for two series of debt securities issued by AIG subject
to its previously announced cash Tender Offers, pursuant to its
offer to purchase dated June 18, 2015 (the “Offer to
Purchase”).
Title of Security and
Security Identifier
Reference Yield
Reference Security /
Interpolated Swap
Fixed Spread (basis
points)
Total
Consideration(1)
5.450% Medium-Term Notes, Series MP,
Matched Investment Program, Due May 18, 2017CUSIP: 02687QBW7ISIN:
US02687QBW78
0.676%
0.625% U.S.Treasury dueMay 31, 2017
60 USD 1,076.62
5.000 per cent. notes due
2017*ISIN: XS0307512722
0.121%
June 2017InterpolatedSwap Rate
18 EUR 1,092.15 ________ * Listed on the Official List of
the Irish Stock Exchange and traded on its regulated market.
(1) Assuming payment is made on July 7, 2015. Per USD 1,000 or EUR
1,000 principal amount of notes.
The Reference Yield for the 5.450% Medium-Term Notes corresponds
to the bid-side price of the 0.625% U.S. Treasury due May 31, 2017,
as of 10:00 a.m., New York City time, today. The Reference Yield
for the 5.000 per cent. notes corresponds to the June 2017
Interpolated Swap Rate, as described in further detail in the Offer
to Purchase, as of 3:00 p.m., London time, today. The Reference
Yields will be used to determine the consideration paid for the
5.450% Medium-Term Notes and the 5.000 per cent. notes that are
accepted for purchase after expiration of the Tender Offers.
The Expiration Date of the Tender Offers is 5:00 p.m., New York
City time, today, unless extended. Holders who have not already
tendered their securities may continue to do so at any time prior
to 5:00 p.m., New York City time, today, in accordance with the
procedures described in the Offer to Purchase and the related
letter of transmittal. Holders who validly tender and do not
withdraw their 5.450% Medium-Term Notes or their 5.000 per cent.
notes prior to 5:00 p.m., New York City time, today, unless
extended, and whose notes are accepted for purchase pursuant to the
Tender Offers, will receive the applicable Total Consideration set
forth above. Tenders of notes may be validly withdrawn at any time
at or prior to 5:00 p.m., New York City time, today, but not
thereafter. AIG expects to accept all notes validly tendered and
not withdrawn (including notes accepted for purchase pursuant to
the guaranteed delivery procedures, if any) and to make payment on
or about July 7, 2015.
The complete terms of the Tender Offers, including capitalized
terms used but not defined herein, are set forth in the Offer to
Purchase, the related letter of transmittal and the notice of
guaranteed delivery.
Copies of the Offer to Purchase, the related letter of
transmittal and the notice of guaranteed delivery are available at
the following web address: http://www.gbsc-usa.com/aig/.
This press release is qualified in its entirety by the Offer to
Purchase, related letter of transmittal and the notice of
guaranteed delivery.
AIG has retained Barclays Bank PLC, Barclays Capital Inc.,
Credit Suisse Securities (Europe) Limited and Credit Suisse
Securities (USA) LLC as the Joint Lead Dealer Managers. Global
Bondholder Services Corporation is the Information Agent and
Depositary. For additional information regarding the terms of the
Tender Offers, please contact: Barclays Bank PLC at +44 (0)
207 773 8990 (international); Barclays Capital Inc. at (800)
438-3242 (toll-free) or (212) 528-7581 (collect); Credit Suisse
Securities (Europe) Limited at +44 (0) 207 888 5564; or Credit
Suisse Securities (USA) LLC at (800) 820-1653 (toll-free) or (212)
538-2147 (collect). Requests for documents and questions regarding
the tendering of Securities may be directed to Global Bondholder
Services Corporation by telephone at (212) 430-3774 (for banks and
brokers only), (866) 924-2200 (for all others toll-free) or +001
(212) 430-3774 (international), by email at aig@gbsc-usa.com or to
the Joint Lead Dealer Managers at their respective telephone
numbers.
This news release does not constitute an offer or an invitation
by AIG to participate in the Tender Offers in any jurisdiction in
which it is unlawful to make such an offer or solicitation in such
jurisdiction.
Certain statements in this press release, including those
describing the completion of the Tender Offers, constitute
forward-looking statements. These statements are not historical
facts but instead represent only AIG’s belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside AIG’s control. It is possible that actual results will
differ, possibly materially, from the anticipated results indicated
in these statements. Factors that could cause actual results to
differ, possibly materially, from those in the forward-looking
statements are discussed throughout AIG’s periodic filings with the
SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global
insurance organization serving customers in more than 100 countries
and jurisdictions. AIG companies serve commercial, institutional,
and individual customers through one of the most extensive
worldwide property-casualty networks of any insurer. In addition,
AIG companies are leading providers of life insurance and
retirement services in the United States. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn:
http://www.linkedin.com/company/aig.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
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version on businesswire.com: http://www.businesswire.com/news/home/20150701006097/en/
American International Group, Inc.Investors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Jennifer Hendricks
Sullivan, 212-770-3141jennifer.sullivan@aig.com
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