ISSUER FREE WRITING PROSPECTUS
(RELATING TO THE PRELIMINARY PROSPECTUS
SUPPLEMENT DATED NOVEMBER 7, 2023 AND
THE PROSPECTUS DATED FEBRUARY 26, 2021)
FILED PURSUANT TO RULE 433
REGISTRATION NO. 333-253603
$600,000,000 5.700% Senior Notes due 2028
Final Term Sheet dated November 7, 2023
| Issuer: | Ameriprise Financial, Inc. |
| Securities: | 5.700% Senior Notes due 2028 (the “Notes”) |
| Principal Amount: | $600,000,000 |
| Pricing Date: | November 7, 2023 |
| Settlement Date: | November 9, 2023 (T+2) |
| Maturity Date: | December 15, 2028 |
| Coupon: | 5.700% per annum |
| Benchmark Treasury: | UST 4.875% due October 31, 2028 |
| Benchmark Treasury Price and Yield: | 101-15 ¾; 4.536% |
| Spread to Benchmark Treasury: | +120 basis points |
| Yield to Maturity: | 5.736% |
| Price to Public: | 99.833% of principal amount |
| Proceeds (after underwriting discount and before expenses) to the Issuer: | $595,398,000 (99.233% of principal amount) |
| Interest Payment Dates: | Interest will accrue from and including November 9, 2023 to but excluding the maturity date or any earlier redemption date, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 15, 2024. |
| Record Dates: | June 1 and December 1 |
| Day Count Convention: | 30/360 |
2
| Optional Redemption: Make-Whole Call: |
At any time prior to November 15, 2028, in full or in part on one or more occasions, at a discount rate of Treasury plus 20 basis points or, if greater, 100% of the principal amount of the Notes to be redeemed, as further described in the Preliminary Prospectus Supplement. |
| Par Call: | On or after November 15, 2028, as further described in the Preliminary Prospectus Supplement. |
| Anticipated Security Ratings (Outlook) (Moody’s / S&P / Fitch / A.M. Best)*: | A3 (Stable) / A- (Stable) / A- (Stable) / a- (Stable) |
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof |
| CUSIP/ISIN: | 03076CAN6 / US03076CAN65 |
| Joint Book-Running Managers: |
Citigroup Global Markets Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Goldman Sachs & Co. LLC Wells Fargo Securities, LLC
|
| Co-Managers: | Academy Securities, Inc. Barclays Capital Inc. BNP Paribas Securities Corp. HSBC Securities (USA) Inc. Morgan Stanley & Co. LLC |
*Note: An explanation of the significance of ratings may be obtained from the rating agencies. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. The ratings of the notes should be evaluated independently from similar ratings of other securities. A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.
The issuer has filed a registration statement (including a prospectus and related preliminary prospectus supplement) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the preliminary prospectus supplement and prospectus for this offering in that registration statement, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by EDGAR at the SEC web site at www.sec.gov. Alternatively, you may obtain a copy of the prospectus and related preliminary prospectus supplement by calling Citigroup Global Markets Inc. toll free at (800) 831-9146, BofA Securities, Inc. toll free at (800) 294-1322 or J.P. Morgan Securities LLC collect at (212) 834-4533.
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