By Cristal Cody
Tupelo, Miss., March 12 – Ameriprise Financial, Inc. sold $500 million of 3% senior notes due March 22, 2022 (A3/A) on Tuesday at 99.733 to yield 3.094%, according to an FWP filing with the Securities and Exchange Commission.
The notes priced with a spread of 68 basis points over Treasuries.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch were the bookrunners.
Proceeds will be used for general corporate purposes, including repayment or redemption of the company’s $300 million outstanding of 7.3% notes due June 28, 2019.
Ameriprise Financial is a financial services company based in Minneapolis.
| Issuer: | Ameriprise Financial, Inc.
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | March 22, 2022
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch
|
| Co-managers: | Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC
|
| Coupon: | 3%
|
| Price: | 99.733
|
| Yield: | 3.094%
|
| Spread: | Treasuries plus 68 bps
|
| Call features: | Make-whole call at Treasuries plus 15 bps
|
| Trade date: | March 12
|
| Settlement date: | March 22
|
| Ratings: | Moody’s: A3
|
| S&P: A
|
| Distribution: | SEC registered
|
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