F&G Annuities & Life, Inc. 7.30% Junior Subordinated Notes due 1/15/2065 (FGSN)
NYSE · · CUSIP 30190A609
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Security Details

Coupon Rate
7.30%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
1/15/2030
Maturity Date
1/15/2065
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.825
Distribution Dates
1/15, 4/15, 7/15 & 10/15
Credit Ratings
Moody's Ba1 · S&P BB (1/7/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
30190A609
IPO
1/6/2025 · $25.00/share
Parent Company
F&G Annuities & Life, Inc (FG)
Business: F&G Annuities & Life, Inc. 7.300% Junior Subordinated Notes due 2065, redeemable at the issuer's option on or after 01/15/2030 at $25 per note plus accrued and unpaid interest, and maturing 01/15/2065. <p> Interest distributions of 7.30% per annum ($1.825 per annum or $0.45625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 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 as a result of the occurrence of a Tax Event or Regulatory Capital Event. Upon the occurrence of a change of control the holder will have the right to require the Issuer to redeem within 90 days to redeem the Notes at $25.25 (101%) per note plus accrued and unpaid interest (see prosectus for more details). This security is possibly subject before 01/15/2030 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> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was rated Ba1 by Moody’s and rated BB by S&P at the date of its IPO. This security was rated as BB by Fitch Ratings 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 7.30% Junior Subordinated Notes were issued on 01/06/2025 but are not yet trading on the stock markets. They have been assigned the temporary ticker symbol TEMP65 by Quantum Online until they start trading on the NYSE or on the Other OTC market and their ticker symbol is known. The shares are expected to start trading on the NYSE within 30 days of their issue date and could, but not necessarily will, start trading on the Other OTC market at any time on an interim basis.

Company Contact

CEO
Chris Blunt
CFO
Wendy JB Young
Headquarters
801 Grand Avenue, Suite 2600, Des Moines, IA 50309
Phone
515-330-3340
Investor Relations
Lisa Foxworthy-Parker · 515-330-3340 · Investor.relations@fglife.com
SEC EDGAR Filings
View filings »