AIG to Redeem 4.90% Callable Notes Due July 17, 2045

By a News Reporter-Staff News Editor at Insurance Business Weekly -- American International Group, Inc. (NYSE: AIG) announced that it will redeem all of its outstanding 4.90% Callable Notes Due July 17, 2045 (ISIN No. XS1257785938) (the "Notes") on July 17, 2017 (the "Redemption Date"). On the Redemption Date, AIG will pay to the registered holders of the Notes a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the Redemption Date. As of June 14, 2017, $290,000,000 aggregate principal amount of the Notes were outstanding.

This press release does not constitute a notice of redemption of the Notes. Holders of the Notes should refer to the notice of redemption delivered to the registered holders of the Notes by The Bank of New York Mellon, the trustee with respect to the Notes.

Keywords for this news article include: Financial Companies, Property and Casualty Insurance Companies.