New Issue: Ameriprise sells $500 million 2.875% 10-year notes with 130 bps spread

By Cristal Cody

Eureka Springs, Ark., Aug. 8 – Ameriprise Financial, Inc. sold $500 million of 2.875% 10-year senior notes at a spread of 130 basis points over Treasuries on Monday, according to a FWP filing with the Securities and Exchange Commission.

The notes due Sept. 15, 2026 (A3/A/) priced at 99.893 to yield 2.887%.

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

Proceeds will be used for general corporate purposes.

Ameriprise Financial is a financial services company based in Minneapolis.

Issuer:	Ameriprise Financial, Inc.
Amount:	$500 million
Description:	Senior notes
Maturity:	Sept. 15, 2026
Bookrunners:	Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
Co-managers:	Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., BofA Merrill Lynch and U.S. Bancorp Investments, Inc.
Coupon:	2.875%
Price:	99.893
Yield:	2.887%
Spread:	Treasuries plus 130 bps
Trade date:	Aug. 8
Settlement date:	Aug. 11
Call feature:	Make-whole call before June 15, 2026 at Treasuries plus 20 bps; on or after June 15, 2026 at par
Ratings:	Moody’s: A3
	Standard & Poor’s: A
Distribution:	SEC registered

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