American International Group, Inc. (NYSE:AIG) today announced
the pricing of certain debt securities issued by AIG subject to its
previously announced cash tender offers, pursuant to its offer to
purchase dated March 17, 2015. The debt securities for which
pricing information was provided are AIG’s 5.450% Medium-Term
Notes, Series MP, Matched Investment Program, Due May 18, 2017, and
its 5.000 per cent. Notes due 2017.
The reference yield for the 5.450% Medium-Term Notes corresponds
to the bid-side price of the 0.50% U.S. Treasury due February 28,
2017, as of 10:00 a.m., New York City time, today. The reference
yield for the 5% Notes corresponds to the June 2017 Interpolated
Swap Rate, as described in further detail in the offer to purchase,
as of 2:00 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% 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 5% Notes prior to 5:00
p.m., New York City time, today, unless extended, and whose 5.450%
Medium-Term Notes or 5% Notes are accepted for purchase pursuant to
the tender offers, will receive the total consideration set forth
below. Tenders of securities may be validly withdrawn at any time
at or prior to 5:00 p.m., New York City time, today, but not
thereafter.
The complete terms of the tender offers, including certain
capitalized terms used but not defined herein, are set forth in the
offer to purchase and the related letter of transmittal.
AIG has retained Barclays Bank PLC, Barclays Capital Inc., BofA
Merrill Lynch, Goldman, Sachs & Co. and Goldman Sachs
International 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); BofA Merrill Lynch at +44
(0) 20 7995 2929 (international), (888) 292-0070 (toll-free) or
(980) 387-3907 (collect); Goldman, Sachs & Co. at (800)
828-3182 (toll-free) or (212) 902-5183 (collect); or Goldman Sachs
International at +44 (0) 207 774 9862 (international). 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: @AIG_LatestNews | 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.
Any and All Tender Offers—Fixed Spread
Securities
Title of Security and
Security Identifier
Issuer Reference Yield
Reference
Security /Interpolated Rate
Fixed Spread Total Consideration(1)
5.450% Medium-Term Notes, Series MP,
Matched Investment Program, Due May 18, 2017CUSIP:
02687QBW7ISIN: US02687QBW78
AIG
0.563%
0.50% U.S. Treasury due February 28, 2017 47
USD 1,092.95
5.000 per cent. notes due 2017
ISIN: XS0307512722 AIG
0.101%
June 2017 Interpolated Swap Rate 10
EUR 1,107.19
________
(1) Assuming payment is made on March 30, 2015. Per USD 1,000 or
EUR 1,000, as applicable.
AIGInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Jennifer Hendricks
Sullivan, 212-770-3141jennifer.sullivan@aig.com
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