New Issue: Nomura prices $5 million CMS curve notes for AIG

By Angela McDaniels

Tacoma, Wash., Feb. 5 - American International Group, Inc. priced $5 million of CMS curve notes due Feb. 28, 2028 via Nomura Securities International, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually and, for the first year, will accrue at 9% annually. Beginning Feb. 28, 2009, interest will equal 9% per year multiplied by the proportion of days on which the 30-year Constant Maturity Swap (CMS) rate is greater than or equal to the 10-year CMS rate.

The notes will become callable at par on any interest payment date beginning Feb. 28, 2009.

Issuer:	American International Group, Inc.
Issue:	CMS curve notes
Amount:	$5 million
Maturity:	Feb. 28, 2028
Coupon:	9% for first year; beginning Feb. 28, 2009, 9% multiplied by the proportion of days on which the 30-year CMS rate is greater than or equal to the 10-year CMS rate; payable semiannually
Price:	Par
Payout at maturity:	Par
Call:	At par on interest payment dates beginning Feb. 28, 2009
Pricing date:	Feb. 4
Settlement date:	Feb. 28
Underwriter:	Nomura Securities International, Inc.
Fees:	None

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