Corebridge Financial, Inc. 6.375% Junior Subordinated Notes due 12/15/2064 (CRBD)
NYSE · · CUSIP 21871X208
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Security Details

Coupon Rate
6.38%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
12/15/2029
Maturity Date
12/15/2064
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.59375
Distribution Dates
3/15, 6/15, 9/15 & 12/15
Credit Ratings
Moody's Baa3 · S&P BBB- (11/19/2024)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
21871X208
IPO
11/18/2024 · $25/share
Parent Company
Corebridge Financial, Inc (AIG)
Business: Corebridge Financial, Inc. 6.375% Junior Subordinated Notes due 12/15/2064, redeemable at the issuer's option on or after 12/15/2029 at $25 per note plus accrued and unpaid interest, and maturing 12/15/2064. <p> Interest distributions of 6.375% per annum ($1.59375) per annum or $0.3984375 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be (__) (NOTE: the ex-dividend date is the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> This security is possibly subject to an early call before 12/15/2029 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 90 days of a tax event; before 12/15/2029 at $25.50 (102%) of their principal amount plus accrued and unpaid interest within 90 days of the occurrence of a rating agency event (see prospectus for further information). <p> This security was rated as Baa3 by Moody’s and BBB- by S&P at the date of its IPO. This security was rated as BBB- by Fitch Raings Co. at the date of its IPO. The Notes are unsecured, junior subordinated obligations of the company and are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, junior to unsecured, subordinated indebtedness of the company and will rank equally with all existing and future unsecured, junior subordinated of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 6 6.375% Junior Subordinated Notes were issued on 11/19/2024 and are expected to begin trading on the NYSE within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.

Company Contact

CEO
Kevin Hogan
CFO
Elias Habayeb
Headquarters
2919 Allen Parkway, Woodson Tower, Houston, TX 77019
Phone
818-324-0387
Investor Relations
Işıl Müderrisoğlu · 818-324-0387 · InvestorRelations@corebridgefinancial.com
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