Trade Date:
|
November 14, 2006 | |
Settlement Date:
|
November 21, 2006 | |
Issuer:
|
American International Group, Inc. (the “Issuer”) | |
Issuer Bond Rating:
|
Aa2 (Stable) / AA (Stable) / AA (Stable) | |
Type of Security:
|
LIBOR Floating Rate Notes (as defined in the prospectus). | |
Principal Amount:
|
$20,000,000 | |
Interest Payment Period:
|
Quarterly | |
Interest Payment Dates:
|
Quarterly on the 27th of February, May, August and November, commencing February 27, 2007 | |
Interest Reset Dates:
|
Quarterly on the 27th of February, May, August and November | |
Interest Determination Dates:
|
On the second business day prior to each Interest Reset Date. | |
Maturity:
|
November 27, 2046 | |
Redemption of the Notes:
|
The Notes may not be redeemed, at the option of the Issuer, prior to November 27, 2036. On that date and thereafter the Notes may be redeemed semi-annually on interest payment dates, at the option of the Company, in whole or in part, upon a written notice of a minimum of 30 calendar days. The Notes will be redeemable on the redemption dates and redemption prices (in each case expressed as a percentage of the principal amount) set forth in the following table, together with any accrued interest to the redemption date: | |
Redemption Date
|
Redemption Price | |
November 27, 2036
|
105.000% | |
November 27, 2037
|
104.500% | |
November 27, 2038
|
104.000% | |
November 27, 2039
|
103.500% | |
November 27, 2040
|
103.000% | |
November 27, 2041
|
102.500% | |
November 27, 2042
|
102.000% | |
November 27, 2043
|
101.500% | |
November 27, 2044
|
101.000% | |
November 27, 2045, thereafter to, but excluding maturity
|
100.500% | |
Repayment at Option of Holder:
|
The Notes will be repayable at the option of the holder, in whole or in part, on or after November 27, 2016. The Notes will be repayable semi-annually on interest payment dates upon written notice of a minimum of 30 calendar days. The Notes will be repayable based on the repayment dates and at the repayment prices (in each case expressed as a percentage of the principal amount) set forth in the following table, together with any accrued interest to the redemption date: | |
Repayment Date
|
Repayment Price | |
November 27, 2016
|
98.500% | |
November 27, 2017
|
98.688% | |
November 27, 2018
|
98.875% | |
November 27, 2019
|
99.063% | |
November 27, 2020
|
99.250% | |
November 27, 2021
|
99.438% | |
November 27, 2022
|
99.625% | |
November 27, 2023
|
99.813% | |
November 27, 2024 and thereafter
|
100.000% | |
Public Offering Price:
|
100.0000% | |
Gross Fees:
|
1.00000% | |
Final Proceeds:
|
$19,800,000 | |
Interest Rate:
|
The interest rate will be reset quarterly based on the three-month LIBOR rate which appears on Telerate page 3750. The first coupon will be set on November 17, 2006 | |
Coupon:
|
3 month Libor -16 bps | |
Day Count:
|
Actual/360 | |
Initial Interest Rate:
|
TBD | |
MTN Agent:
|
Bear, Stearns & Co. Inc. | |
CUSIP:
|
TBD |