New Issue: AIG sells $1 billion 4.125% notes due 2024 at 150 bps over Treasuries

By Aleesia Forni

Virginia Beach, Sept. 25 - American International Group Inc. priced $1 billion 4.125% notes (Baa1/A-/) due Feb. 15, 2024 with a spread of Treasuries plus 150 basis points, according to an FWP filing with the Securities and Exchange Commission.

Pricing was at 99.937 to yield 4.133%.

Proceeds will be used for general corporate purposes.

Barclays, Deutsche Bank Securities Inc., Goldman Sachs & Co. and Morgan Stanley & Co. LLC were the joint bookrunners.

The insurance company is based in New York City.

Issuer:	American International Group Inc.
Amount:	$1 billion
Description:	Senior notes
Maturity:	Feb. 15
Bookrunners:	Barclays, Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC
Joint lead managers:	BNP Paribas Securities Corp., RBC Capital Markets LLC
Co-managers:	ANZ Securities Inc., Lloyds Securities Inc., nabSecurities LLC, Santander Investment Securities Inc.
Junior co-managers:	CastleOak Securities LP, Drexel Hamilton LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, Mischler Financial Group Inc., Williams Capital Group LP
Coupon:	4.125%
Price:	99.937
Yield:	4.133%
Spread:	Treasuries plus 150 bps
Trade date:	Sept. 25
Settlement date:	Oct. 2
Ratings:	Moody's: Baa1
	Standard & Poor's: A-
Make-whole call:	Treasuries plus 25 bps

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