By Laura Lutz
Des Moines, Feb. 8 - American International Group, Inc. priced $48.5 million of zero-coupon principal-protected notes due June 8, 2009 linked to a basket of Asian currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Indian rupee, the Singaporean dollar and the South Korean won, all against the dollar.
The payout at maturity will be par plus 105% of any gain on the basket. Investors will receive at least par.
Merrill Lynch & Co. is the underwriter.
| Issuer: | American International Group, Inc.
|
| Issue: | Principal-protected notes
|
| Underlying basket: | Equal weights of Indian rupee, Singaporean dollar and South Korean won, all against dollar
|
| Amount: | $48.5 million
|
| Maturity: | June 8, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 105% of any basket gain; floor of par
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 8
|
| Underwriter: | Merrill Lynch & Co.
|
| Fees: | 1%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
