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AIG Commences Tender Offers For Up To $1.25 Billion Purchase Price Of Certain Debt Securities

Stocks in this article: AIG

Following consummation of the tender offer for the SAFG Securities, SAFG will cause the trusts to be dissolved and the SAFG Debentures to be distributed to the holders of their capital securities. Securities that are accepted (or the SAFG Debentures distributed in respect thereof) in any of the tender offers will be purchased, retired and cancelled by the relevant issuer.

The Securities subject to purchase and other information relating to the tender offers are listed in the table below:

Title of Security and Security Identifier Issuer

Applicable Call / Maturity Date

Principal or Liquidation Amount Outstanding

Authorized Denomination

Early Participation Amount (1)

Minimum Spread

Maximum/ Base Spread

Reference Security

Reference Page

(millions) (basis points)
Sterling and Euro Debentures

8.625% Series A-8 Junior Subordinated Debentures

ISIN: XS0365317113 (144A) / XS0365314284 (Reg S)

AIG May 22, 2018 £527.7 £50,000, and integral multiples thereof £50 225 275 5.00% UK Gilt Treasury due March 7, 2018



8.000% Series A-7 Junior Subordinated Debentures

ISIN: XS0365324838 (144A) / XS0365323608 (Reg S)

AIG May 22, 2018 €750.0 €50,000, and integral multiples thereof €50 315 365 4.00% German Bunds dueJanuary 4, 2018


Dollar Debentures

6.25% Series A-1 Junior Subordinated Debentures

CUSIP: 026874BE6 ISIN: US026874BE68

AIG March 15, 2037 $687.6 $100,000, and integral multiples of $1,000 in excess thereof $50 230 260 2.75% U.S. Treasury Bonds due November 15, 2042



8.175% Series A-6 Junior Subordinated Debentures


026874BS5 (Unrestricted)

U02687BW7 (Reg S)026874BR7 (144A)

ISIN: USU02687BW75 (Reg S)

US026874BR71 (144A)

AIG May 15, 2038 $4,000.0 $1,000, and integral multiples thereof $50 250 280 2.75% U.S. Treasury Bonds due November 15, 2042


SAFG Securities

8 1/2% Capital Trust Pass-Through Securities

CUSIP: 026351BB1

ISIN: US026351BB14

AG Capital II (2) July 1, 2030 $300.0 $1,000, and integral multiples thereof $50 230 260 2.75% U.S. Treasury Bonds due November 15, 2042



7.57% Capital Securities, Series A

CUSIP: 02637VAA6

ISIN: US02637VAA61

AG Institutional Capital A (2) December 1, 2045 $500.0 $100,000, and integral multiples of $1,000 in excess thereof $50 260 290 2.75% U.S. Treasury Bonds due November 15, 2042



8 1/8 % Capital Securities, Series B

CUSIP: 02637XAA2

ISIN: US02637XAA28

AG Institutional Capital B (2) March 15, 2046 $500.0 $100,000, and integral multiples of $1,000 in excess thereof $50 265 295 2.75% U.S. Treasury Bonds due November 15, 2042



5.60% Senior Debentures due July 2097

CUSIP: 866930AG5

ISIN: US866930AG50

SunAmerica (3) July 31, 2097 $175.0 $1,000, and integral multiples thereof $50 255 285 2.75% U.S. Treasury Bonds due November 15, 2042




(1) The Total Consideration payable for each £1,000, €1,000 or $1,000 principal or liquidation amount, as applicable, of Securities validly tendered on or prior to the Early Participation Date and accepted for purchase by us includes the Early Participation Amount.

(2) Guaranteed by AIG.
(3) All obligations of SunAmerica under the 5.60% Senior Debentures due July 2097 were assumed by AIG in 1999.

This press release, including the following, is qualified in its entirety by the Offer to Purchase, and, where applicable, the Letter of Transmittal.

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