AIG to price fixed-rate notes via three global coordinators

By Marisa Wong

Los Angeles, March 23 – American International Group, Inc. is offering fixed-rate notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will feature an optional make-whole call, followed by an optional par call.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and BofA Securities, Inc. are the joint global coordinators.

Bank of New York Mellon is the trustee.

Sullivan & Cromwell LLP will act as counsel for the issuer. Cleary Gottlieb Steen & Hamilton LLP will be counsel for the underwriters.

Proceeds will be used for general corporate purposes, including the repurchase of common stock and the retirement of debt.

AIG is a New York-based insurance company.

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