This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

AIG Announces Reference Yield For Its Tender Offers For Certain U.S. Dollar Denominated Debt Securities

American International Group, Inc. (NYSE: AIG) today announced that the reference yield, based on the bid-side price of the 2.75% U.S. Treasury Bonds due November 15, 2042 as displayed today on Bloomberg Page PX1 at 2:00 p.m., New York City time, for its previously announced modified “Dutch Auction” cash tender offers pursuant to its offer to purchase dated February 19, 2013 (the “Offer to Purchase”) for the securities set forth below (the “Dollar Securities”) is 3.096%. The complete terms of the tender offers are set forth in the Offer to Purchase, including certain capitalized terms used but not defined herein, and, as applicable, the related letter of transmittal (the “Letter of Transmittal”). The reference yield will be used to determine the consideration paid for each series of Dollar Securities that are accepted for purchase after expiration of the tender offers.

Title of Security     Issuer    

 

Security Identifier

 
Dollar Debentures
6.25% Series A-1 Junior Subordinated Debentures AIG

CUSIP: 026874BE6

ISIN: US026874BE68

8.175% Series A-6 Junior Subordinated Debentures AIG

CUSIP :

026874BS5 (Unrestricted) /

U02687BW7 (Reg S) /

026874BR7 (144A)

ISIN:

USU02687BW75 (Reg S) /

US026874BR71 (144A)

 
SAFG Securities
8 1/2% Capital Trust Pass-Through Securities AG Capital II

CUSIP: 026351BB1

ISIN:US026351BB14

7.57% Capital Securities, Series A AG Institutional Capital A

CUSIP: 02637VAA6

ISIN: US02637VAA61

8 1/8 % Capital Securities, Series B AG Institutional Capital B

CUSIP: 02637XAA2

ISIN: US02637XAA28

5.60% Senior Debentures due July 2097 SunAmerica

CUSIP: 866930AG5

ISIN: US866930AG50

The expiration date of the tender offers is 11:59 p.m., New York City time, on March 18, 2013, unless extended (the “Expiration Date”). Holders who have not already tendered their Dollar Securities may continue to do so at any time prior to the Expiration Date, in accordance with the procedures described in the Offer to Purchase and Letter of Transmittal. Holders who validly tender and do not withdraw their Dollar Securities on or prior to 5:00 p.m., New York City time, on March 4, 2013, unless extended (the “Early Participation Date”), and whose Dollar Securities are accepted for purchase pursuant to the tender offers, will receive the Total Consideration, which includes an early participation amount of $50.00 per $1,000 principal or liquidation amount of Dollar Securities validly tendered and accepted for purchase (the “Early Participation Amount”). Holders validly tendering their Dollar Securities after the Early Participation Date and on or prior to the Expiration Date will not be entitled to receive the Early Participation Amount. Tenders of Dollar Securities may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, on March 4, 2013, but not thereafter.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,193.88 -85.86 -0.50%
S&P 500 1,994.24 -16.16 -0.80%
NASDAQ 4,518.8470 -60.9420 -1.33%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs