New Issue: Ameriprise prices upsized $550 million 3.7% 10-year notes at Treasuries plus 115 bps

By Aleesia Forni

Virginia Beach, Sept. 15 – Ameriprise Financial Inc. sold $550 million of 3.7% senior notes (A3/A/) due 2024 at Treasuries plus 115 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.

The notes sold in line with guidance.

Pricing was at 99.656 to yield 3.741%.

Barclays, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC were the bookrunners.

Proceeds will be used for general corporate purposes.

The financial planning and services company is based in Minneapolis.

Issuer:	Ameriprise Financial Inc.
Amount:	$550 million, upsized from $500 million
Description:	Senior notes
Maturity:	Oct. 15, 2024
Bookrunners:	Barclays, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC
Co-managers:	Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., BofA Merrill Lynch, Mischler Financial Group, Inc.
Coupon:	3.7%
Price:	99.656
Yield:	3.741%
Spread:	Treasuries plus 115 bps
Trade date:	Sept. 15
Settlement date:	Sept. 18
Ratings:	Moody’s: A3
	Standard & Poor's: A
Price talk:	Treasuries plus 115 bps area
Make-whole call:	Treasuries plus 20 bps

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