8-KMaterial AgreementsOther EventsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Material Agreement (Jun 8, 2009)

Filed June 8, 2009For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on June 8, 2009, to report the successful issuance of $300 million in 7.30% Senior Notes due 2019. This transaction, completed on June 8, 2009, was executed under an Underwriting Agreement with J.P. Morgan Securities Inc. and UBS Securities LLC acting as representatives for the underwriters. The notes are senior unsecured obligations, ranking equally with other senior unsecured debt and senior to subordinated debt, with interest payable semi-annually.

Key Highlights

  • 1Ameriprise Financial successfully issued $300 million of 7.30% Senior Notes due 2019.
  • 2The issuance was conducted on June 8, 2009, under an Underwriting Agreement with J.P. Morgan Securities Inc. and UBS Securities LLC.
  • 3The Senior Notes are unsecured and rank equally with other senior unsecured indebtedness of the company.
  • 4Interest on the notes is set at 7.30% per annum and will be paid semi-annually.
  • 5The company has the option to redeem the notes, in whole or in part, with specific redemption price conditions.
  • 6The filing also includes customary representations, warranties, covenants, and indemnification provisions related to the underwriting agreement.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the material definitive agreement entered into for the issuance of $300 million in 7.30% Senior Notes due 2019, and to disclose the subsequent issuance of these notes.

The new Senior Notes have a principal amount of $300 million, a coupon rate of 7.30% per annum, and mature in 2019. Interest is paid semi-annually, and the notes are senior unsecured obligations of Ameriprise Financial.

Yes, Ameriprise Financial has the option to redeem the notes, in whole or in part, at its discretion. The redemption price is determined based on a calculation involving the principal amount or the present value of remaining payments, discounted at the Treasury rate plus 50 basis points.

J.P. Morgan Securities Inc. and UBS Securities LLC acted as the representatives of the several underwriters for this offering.