New Issue: Ameriprise Financial prices $500 million 4.5% senior notes due 2032 at 153 bps spread

By Marisa Wong

Los Angeles, May 10 – Ameriprise Financial Inc. priced $500 million of 4.5% 10-year senior notes (expected: A3/A-/A-/A.M. Best: a-) on Tuesday, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.976 to yield 4.503%, or a spread of 153 basis points over Treasuries.

The notes feature a make-whole call and then a par call.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the joint bookrunners.

Proceeds will be used for general corporate purposes, according to a prior 424B5 filing with the SEC.

The diversified financial services company is based in Minneapolis.

Issuer:	Ameriprise Financial, Inc.
Amount:	$500 million
Issue:	Senior notes
Maturity:	May 13, 2032
Bookrunners:	BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
Co-managers:	Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and U.S. Bancorp Investments, Inc.
Trustee:	U.S. Bank Trust Co., NA
Counsel to issuer:	Faegre Drinker Biddle & Reath LLP
Counsel to underwriters:	Simpson Thacher & Bartlett LLP
Coupon:	4.5%
Price:	99.976
Yield:	4.503%
Spread:	Treasuries plus 153 bps
Call features:	Make-whole call at Treasuries plus 25 bps at any time prior to Feb. 13, 2032; par call after that
Pricing date:	May 10
Settlement date:	May 13
Expected ratings:	Moody’s: A3
	S&P: A-
	Fitch: A-
	A.M. Best: a-
Cusip:	03076CAL0

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