New Issue: Ameriprise sells $600 million 4% senior notes at Treasuries plus 120 bps

By Aleesia Forni

Virginia Beach, Va., Sept. 3 - Ameriprise Financial Inc. priced $600 million of 4% notes (A3/A/) due Oct. 15, 2023 with a spread of Treasuries plus 120 basis points, according to a FWP filing with the Securities and Exchange Commission.

Pricing was at 99.518 to yield 4.058%,

Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the joint bookrunners.

The proceeds will be used for general corporate purposes, which may include the repayment of the company's 5.65% senior notes due 2015 and 7.75% senior notes due 2039.

The financial planning and services company is based in Minneapolis.

Issuer:	Ameriprise Financial Inc.
Amount:	$600 million
Proceeds:	$593,208,000
Description:	Senior notes
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:	99.518
Yield:	4.058%
Spread:	Treasuries plus 120 bps
Make-whole call: Treasuries plus 20 bps
Trade date:	Sept. 3
Settlement date:	Sept. 6
Ratings:	Moody's: A3
	Standard & Poor's: A
Distribution:	SEC registered

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