Ameriprise Financial plans to price fixed-rate senior notes

By Marisa Wong

Los Angeles, Nov. 7 – Ameriprise Financial, Inc. is offering fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will feature an optional make-whole call, followed by an optional par call.

Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are joint bookrunners for the offering.

U.S. Bank Trust Co., NA is the trustee.

Faegre Drinker Biddle & Reath LLP will act as counsel to the issuer, and Simpson Thacher & Bartlett LLP will be counsel to the underwriters.

Proceeds will be used for general corporate purposes, which may include the repayment of the company’s 3.7% senior notes due 2024.

Ameriprise is a diversified financial services company based in Minneapolis.

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