By Aleesia Forni
Virginia Beach, Nov. 7 - Ameriprise Financial Inc. priced a $150 million tap of its existing 4% senior notes due Oct. 15, 2023 with a spread of Treasuries plus 115 basis points, according to an FWP filed with the Securities and Exchange Commission.
The notes (A3/A/) priced at 101.955 to yield 3.761%.
Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the joint bookrunners.
The original $600 million issue priced with a spread of Treasuries plus 120 basis points on Sept. 3.
The proceeds will be used for general corporate purposes.
The financial planning and services company is based in Minneapolis.
| Issuer: | Ameriprise Financial Inc.
|
| Amount: | $150 million
|
| Description: | Add-on to existing 4% notes due 2023
|
| Maturity: | Oct. 15, 2023
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Wells Fargo Securities LLC
|
| Co-managers: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc., BofA Merrill Lynch, UBS Securities LLC, U.S. Bancorp Investments Inc.
|
| Coupon: | 4%
|
| Price: | 101.955
|
| Yield: | 3.761%
|
| Spread: | Treasuries plus 115 bps
|
| Trade date: | Nov. 7
|
| Settlement date: | Nov.13
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Make-whole call: | Treasuries plus 20 bps
|
| Total issue size: | $750 million, including $600 million priced Sept. 3
|
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