AIG to Redeem 8.000% and 8.625% Junior Subordinated Debentures Due 2038

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 8.000% Series A-7 Junior Subordinated Debentures due May 22, 2038 (ISIN No. XS0365324838 (144A)/XS0365323608 (Reg. S)) (the "Series A-7 Junior Subordinated Debentures") and all of its outstanding 8.625% Series A-8 Junior Subordinated Debentures due May 22, 2038 (ISIN No. XS0365317113 (144A)/XS0365314284 (Reg. S)) (the "Series A-8 Junior Subordinated Debentures" and, together with the Series A-7 Junior Subordinated Debentures, the "Debentures") on May 22, 2018 (the "Redemption Date"). On the Redemption Date, AIG will pay to the registered holders of each series of Debentures a redemption price equal to 100% of the principal amount outstanding, plus accrued and unpaid interest to, but not including, the Redemption Date. As of April 20, 2018, €12,350,000 aggregate principal amount of the Series A-7 Junior Subordinated Debentures were outstanding and £5,500,000 aggregate principal amount of the Series A-8 Junior Subordinated Debentures were outstanding.

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

Keywords for this news article include: Business, American International Group Inc..

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