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Press release from Business Wire

AIG Announces Reference Yield for Its Tender Offers for Certain U.S. Dollar Denominated Debt Securities

Monday, March 04, 2013

AIG Announces Reference Yield for Its Tender Offers for Certain U.S. Dollar Denominated Debt Securities14:44 EST Monday, March 04, 2013 NEW YORK (Business Wire) -- American International Group, Inc. (NYSE: AIG) today announced that the reference yield, based on the bid-side price of the 2.75% U.S. Treasury Bonds due November 15, 2042 as displayed today on Bloomberg Page PX1 at 2:00 p.m., New York City time, for its previously announced modified “Dutch Auction” cash tender offers pursuant to its offer to purchase dated February 19, 2013 (the “Offer to Purchase”) for the securities set forth below (the “Dollar Securities”) is 3.096%. The complete terms of the tender offers are set forth in the Offer to Purchase, including certain capitalized terms used but not defined herein, and, as applicable, the related letter of transmittal (the “Letter of Transmittal”). The reference yield will be used to determine the consideration paid for each series of Dollar Securities that are accepted for purchase after expiration of the tender offers. Title of Security     Issuer       Security Identifier   Dollar Debentures6.25% Series A-1 Junior Subordinated Debentures AIG CUSIP: 026874BE6 ISIN: US026874BE68 8.175% Series A-6 Junior Subordinated Debentures AIG CUSIP: 026874BS5 (Unrestricted) / U02687BW7 (Reg S) / 026874BR7 (144A) ISIN: USU02687BW75 (Reg S) / US026874BR71 (144A)   SAFG Securities8 1/2% Capital Trust Pass-Through Securities AG Capital II CUSIP: 026351BB1 ISIN:US026351BB14 7.57% Capital Securities, Series A AG Institutional Capital A CUSIP: 02637VAA6 ISIN: US02637VAA61 8 1/8 % Capital Securities, Series B AG Institutional Capital B CUSIP: 02637XAA2 ISIN: US02637XAA28 5.60% Senior Debentures due July 2097 SunAmerica CUSIP: 866930AG5 ISIN: US866930AG50 The expiration date of the tender offers is 11:59 p.m., New York City time, on March 18, 2013, unless extended (the “Expiration Date”). Holders who have not already tendered their Dollar Securities may continue to do so at any time prior to the Expiration Date, in accordance with the procedures described in the Offer to Purchase and Letter of Transmittal. Holders who validly tender and do not withdraw their Dollar Securities on or prior to 5:00 p.m., New York City time, on March 4, 2013, unless extended (the “Early Participation Date”), and whose Dollar Securities are accepted for purchase pursuant to the tender offers, will receive the Total Consideration, which includes an early participation amount of $50.00 per $1,000 principal or liquidation amount of Dollar Securities validly tendered and accepted for purchase (the “Early Participation Amount”). Holders validly tendering their Dollar Securities after the Early Participation Date and on or prior to the Expiration Date will not be entitled to receive the Early Participation Amount. Tenders of Dollar Securities may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, on March 4, 2013, but not thereafter. AIG has retained Credit Suisse Securities (USA) LLC, J.P. Morgan and Morgan Stanley as the Joint Lead Dealer Managers, BNP PARIBAS, HSBC, RBC Capital Markets and Standard Chartered Bank as Co-Dealer Managers and ANZ Securities, Lloyds Securities, nabSecurities, LLC, Santander, SOCIETE GENERALE and UniCredit Capital Markets as Junior Co-Dealer Managers, for the tender offers. Global Bondholder Services Corporation is the Information Agent and Depositary for the tender offers. For additional information regarding the terms of the tender offers, please contact: Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll-free) or (212) 538-2147 (collect), J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-2494 (collect) or Morgan Stanley & Co. Incorporated at (800) 624-1808 (toll-free) or (212) 761-1057 (collect). Requests for documents and questions regarding the tendering of Securities may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only), (866) 470-4100 (for all others toll-free) or +001-212-430-3774 (international), by email at aig@gbsc-usa.com and online at www.gbsc-usa.com/aig. This news release does not constitute an offer or an invitation by AIG to participate in the tender offers in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction. Certain statements in this press release, including those describing the completion of the tender offer, constitute forward-looking statements. These statements are not historical facts but instead represent only AIG's belief regarding future events, many of which, by their nature, are inherently uncertain and outside AIG's control. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in these statements. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements are discussed throughout AIG's periodic filings with the SEC pursuant to the Securities Exchange Act of 1934. American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIG_LatestNews | LinkedIn: http://www.linkedin.com/company/aig AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all jurisdictions, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds. AIGMedia:Jon Diat, 917-239-9241jon.diat@aig.comorJim Ankner, 917-882-7677james.ankner@aig.comorInvestors:Liz Werner, 212-770-7074elizabeth.werner@aig.com