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PRICING SUPPLEMENT NO. MP-1
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FILED PURSUANT TO RULE 424(b)(2) |
DATED OCTOBER 13, 2006
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REGISTRATION NO. 333-106040 |
TO PROSPECTUS DATED JULY 24, 2006 |
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AND PROSPECTUS SUPPLEMENT DATED OCTOBER 12, 2006 |
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AMERICAN INTERNATIONAL GROUP, INC.
5.375% MEDIUM-TERM NOTES, SERIES MP, MATCHED INVESTMENT PROGRAM, DUE OCTOBER 18, 2011
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Principal Amount: U.S.$600,000,000
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Original Issue Date: October 18, 2006 |
Agents Discount or Commission: U.S.$1,500,000
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Stated Maturity: October 18, 2011 |
Net Proceeds to Issuer: U.S.$598,290,000
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Interest Rate: 5.375% |
Form: þ Book Entry o Certificated
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CUSIP No.: 02687QBE7 |
Specified Currency (If other than U.S. dollars): N/A
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Authorized Denominations (If other
than U.S.$1,000 and integral multiples of U.S.$1,000 in excess thereof): N/A |
The notes are being placed through or purchased by the Agents listed below:
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Lehman
Brothers Inc. |
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U.S.$ |
170,000,000 |
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Capacity: |
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o Agent |
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þ Principal |
Morgan Stanley & Co. Incorporated |
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U.S.$ |
170,000,000 |
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Capacity: |
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o Agent |
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þ Principal |
Wachovia Capital Markets, LLC |
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U.S.$ |
170,000,000 |
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Capacity: |
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o Agent |
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þ Principal |
Citigroup
Global Markets Inc. |
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U.S.$ |
22,500,000 |
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Capacity: |
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o Agent |
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þ Principal |
Credit Suisse Securities (USA) LLC |
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U.S.$ |
22,500,000 |
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Capacity: |
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o Agent |
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þ Principal |
Deutsche Bank Securities Inc. |
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U.S.$ |
22,500,000 |
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Capacity: |
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o Agent |
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þ Principal |
HSBC Securities (USA) Inc. |
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U.S.$ |
22,500,000 |
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Capacity: |
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o Agent |
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þ Principal |
If as Agent: The notes are being offered at a fixed initial public offering price of % of principal amount.
If as Principal:
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o |
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The notes are being offered at varying prices related to prevailing market prices at
the time of resale. |
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þ |
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The notes are being offered at a fixed initial public offering price of 99.965% of
principal amount. |
Interest Payment Dates: Semi-annually on every April 18 and October 18, commencing April 18, 2007
Redemption Provisions:
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The notes cannot be redeemed prior to the Stated Maturity. |
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o |
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The notes may be redeemed prior to the Stated Maturity. |
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Initial Redemption Date: |
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Initial Redemption Percentage: % |
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Annual Redemption Percentage Reduction: % |
Optional Repayment Provisions:
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þ |
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The notes cannot be repaid prior to the Stated Maturity. |
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o |
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The notes can be repaid prior to the Stated Maturity at the option of the holder of the notes. |
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Optional Repayment Date(s): |
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Use of Proceeds:
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We intend to use the net proceeds from the sale of the notes to fund the AIG
Matched Investment Program, American International Group, Inc.s principal spread-based investment
activity. |
Other Provisions: None
We are offering notes on a continuing basis through AIG Financial Securities Corp., ABN AMRO
Incorporated, Banca IMI S.p.A., Banc of America Securities LLC,
Barclays Capital Inc., Bear, Stearns & Co. Inc., BMO Capital
Markets Corp., BNP
Paribas Securities Corp., BNY Capital Markets, Inc., Calyon Securities (USA) Inc., Citigroup Global
Markets Inc., Credit Suisse Securities (USA) LLC, Daiwa Securities America Inc., Daiwa Securities
SMBC Europe Limited, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Greenwich Capital
Markets, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc., Lehman Brothers Inc.,
McDonald Investments Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mitsubishi UFJ
Securities International plc, Morgan Stanley & Co. Incorporated, RBC Capital Markets Corporation,
Santander
Investment Securities Inc., Scotia Capital (USA) Inc., SG Americas Securities, LLC, TD Securities
(USA) LLC, UBS Securities LLC, and Wachovia Capital Markets, LLC, as agents, each of which has
agreed to use its best efforts to solicit offers to purchase notes. We may also accept offers to
purchase notes through other agents. See Plan of Distribution in the accompanying prospectus
supplement. To date, including the notes described by this pricing supplement, we have accepted
offers to purchase $1,750,000,000 aggregate principal amount (or its equivalent in one or more
foreign currencies) of notes described in the accompanying prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of the notes or determined if the prospectus, the prospectus supplement or this pricing
supplement is truthful or complete. Any representation to the contrary is a criminal offense.