Issuer:
|
American International Group, Inc. | |
Security:
|
Floating Rate Notes due December 5, 2046 (Series AIG-FP) | |
Cusip:
|
02687QBG2 | |
Ratings:
|
Aa2/AA/AA (Stable/Stable/Stable) | |
Note Type:
|
Senior unsecured, SEC registered | |
Trade Date:
|
November 28, 2006 | |
Settlement Date (T+5):
|
December 5, 2006 | |
Maturity Date:
|
December 5, 2046 | |
Aggregate Principal Amount
Offered:
|
$28,050,000.00 | |
Price to Public (Issue Price):
|
100.00% | |
Gross Fees:
|
1.00% | |
All-in Price (Net of
Underwriting Discount):
|
99.00% | |
Net Proceeds:
|
$27,769,500.00 | |
Benchmark:
|
Three-month LIBOR | |
Spread to Benchmark:
|
minus 25 basis points | |
Interest Rate:
|
LIBOR – 0.25% | |
Index Maturity:
|
Three months | |
Interest Reset Period:
|
Quarterly | |
Interest Determination Dates:
|
2 London business days preceding each applicable Interest Reset Date |
Interest Payment / Reset Dates:
|
March 5, June 5, September 5 and December 5, commencing on March 5, 2007 | |
Day Count:
|
Actual/360 | |
Form:
|
DTC, Book-entry | |
Initial Interest Rate:
|
LIBOR Telerate – 0.25%, LIBOR will be determined as of 11:00am on December 1, 2006 | |
Denominations:
|
Minimum of $1,000 with increments of $1,000 thereafter; each owner of a beneficial interest in a Note will be required to hold such beneficial interest in a minimum principal amount of $1,000 | |
Redemption:
|
The notes will be redeemable, in whole or in part, at the option of the Issuer, upon written notice of a minimum of 30 and a maximum of 60 calendar days, on each of the redemption dates and at the corresponding 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 | |||
December 5, 2036 |
105.00 | % | ||
December 5, 2037 |
104.50 | % | ||
December 5, 2038 |
104.00 | % | ||
December 5, 2039 |
103.50 | % | ||
December 5, 2040 |
103.00 | % | ||
December 5, 2041 |
102.50 | % | ||
December 5, 2042 |
102.00 | % | ||
December 5, 2043 |
101.50 | % | ||
December 5, 2044 |
101.00 | % | ||
December 5, 2045 |
100.50 | % | ||
Repayment:
|
The notes will be repayable, in whole or in part, at the option of the holder, upon written notice of a minimum of 30 and a maximum of 60 calendar days, on each of the repayment dates and at the corresponding 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 repayment date: |
| Repayment Date | Repayment Price | |||
December 5, 2009 |
97.500 | % | ||
December 5, 2010 |
97.625 | % | ||
December 5, 2011 |
97.750 | % | ||
December 5, 2012 |
97.875 | % | ||
December 5, 2013 |
98.000 | % | ||
December 5, 2014 |
98.125 | % | ||
December 5, 2015 |
98.2500 | % | ||
December 5, 2016 |
98.375 | % | ||
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| Repayment Date | Repayment Price | |||
December 5, 2017 |
98.500 | % | ||
December 5, 2018 |
98.625 | % | ||
December 5, 2019 |
98.750 | % | ||
December 5, 2020 |
98.875 | % | ||
December 5, 2021 |
99.000 | % | ||
December 5, 2022 |
99.125 | % | ||
December 5, 2023 |
99.250 | % | ||
December 5, 2024 |
99.375 | % | ||
December 5, 2025 |
99.500 | % | ||
December 5, 2026 |
99.625 | % | ||
December 5, 2027 |
99.750 | % | ||
December 5, 2028 |
99.875 | % | ||
December 5, 2029 |
100.00 | % | ||
And each December 5th
thereafter to, and including maturity |
100.00 | % | ||
| In the event that a date in the table above is not a business day, the repayment date will be the next succeeding business day. | ||
Underwriters:
|
Banc of America Securities LLC Citigroup Global Markets Inc. |
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