By Andrea Heisinger
Omaha, May 20 - Prudential Financial, Inc. priced $100 million five-year medium-term notes at an inflation index adjustment plus 195 basis points, according to a 424B3 filing with the Securities and Exchange Commission.
The inflation-linked retail notes (A3/A+) are priced at par.
The inflation index adjustment is based on the percentage change in the U.S. Consumer Price Index and is adjusted monthly. The annualized interest rate for any period may not be less than zero.
Morgan Stanley & Co., Inc. was the agent.
The insurance and financial company is based in Newark, N.J.
| Issuer: | Prudential Financial, Inc.
|
| Issue: | Inflation-linked retail medium-term notes
|
| Amount: | $100 million
|
| Maturity: | June 10, 2013
|
| Agent: | Morgan Stanley & Co., Inc.
|
| Coupon: | Inflation index adjustment plus 195 bps, reset monthly
|
| Price: | Par
|
| Yield: | Inflation index adjustment plus 195 bps
|
| Trade date: | May 16
|
| Settlement date: | June 2
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A+
|
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