Principal Financial Group Announces Pricing Of 6.05% Tender Offer

Principal Financial Group, Inc. (NYSE: PFG) (the " Company" or " Principal") today announced the consideration payable in connection with its previously announced tender offer (the " 6.05% Tender Offer") to purchase for cash its 6.05% Senior Notes due 2036 (the " Notes") in an aggregate principal amount of $150,000,000 (the " Maximum Tender Amount").

The table below sets forth the Total Consideration (as defined below) for the Notes.
                   

 
           

Title of Security
 

CUSIP Number
 

Principal Amount Outstanding
 

Maximum Tender Amount
 

U.S. Treasury Reference Security
 

Bloomberg Reference Page
 

Fixed Spread (basis points)
 

Early Tender Payment
 

Total Consideration (1)(2)

6.05%SeniorNotes due2036
  74251VAA0   $600,000,000   $150,000,000  

2.500% USTdue 5/15/46
  FIT1  

145bps
  $50   $1,208.01
               

(1) Per $1,000 principal amount.(2) Total Consideration calculated on the basis of pricing for the applicable U.S. Treasury Reference Security as of 2:00 p.m., New York City time, on November 17, 2016, and is inclusive of the Early Tender Payment as set forth in the table above.

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