Business: Reinsurance Group of America Inc., 7.125% Reset Rate Subordinated Debentures due 2052, issued in $25 denominations, redeemable at the issuer's option on or after 10/15/2027 at $25 per share plus accrued and unpaid interest, and maturing 10/15/2052. <p> Interest distributions will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on 1/1, 4/1, 7/1 & 10/1 prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 7.125% until the first redemption date, then it will be equal to the sum of the U.S. Five-Year Treasury Rate on the applicable fixed rate calculation date plus 3.456%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details). (NOTE: the ex-dividend date is one business day prior to 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> The issuer has the discretion to defer interest payments on the Debentures, for one or more interest periods, of up to five consecutive years (but not beyond the maturity date). <p> This security is possibly subject to an early call before 10/15/2027 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 90 days of a tax event; before 10/15/2027 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 as Baa2 by Moody’s and BBB+ by S&P 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.