| ISSUER: |
|
Allianz SE |
| SECURITIES: |
|
8.375% Undated Subordinated Callable
Bonds |
| EXPECTED RATINGS: |
|
A3 / A+ |
| FORMAT: |
|
SEC Registered (Global) |
| SIZE: |
|
US$1,750,000,000 |
| NUMBER OF SECURITIES: |
|
70,000,000 |
| OVER-ALLOTMENT OPTION: |
|
Yes (15 days) US$250,000,000
(10,000,000 securities) |
| TRADE DATE: |
|
June 3, 2008 |
| MATURITY: |
|
Perpetual |
| SETTLEMENT: |
|
June 10, 2008 (T+5) |
| PRICE TO PUBLIC: |
|
US$25 (per security plus accrued
interest if any from June 10, 2008) |
| COUPON: |
|
8.375% per annum, payable quarterly
in arrears. |
| |
|
|
| NET PROCEEDS TO ISSUER: |
|
$1,696,436,815 (assuming an underwriting
compensation of $0.7875 on all sales to retail, $0.50 on all sales to institutions) |
| INTEREST PAYMENT DATES: |
|
March 15, June 15, September
15 and December 15 of each year commencing on September 15, 2008, unless
the obligation to pay some or all of the interest is otherwise deferred |
| |
|
|
| DAY COUNT: |
|
30/360 |
| RECORD DATES: |
|
15 days before the Interest Payment
Date, whether or not a business day |
| |
|
|
| REDEMPTION AT ISSUER OPTION: |
|
On June 15, 2013 or any time
thereafter in whole or in part at par plus Deferred Interest Payments
and accrued and unpaid interest |
| |
|
|
| REDEMPTION AT ISSUER OPTION FOR
SPECIAL EVENT: |
|
Early redemption in whole at
(1) a specified Early Redemption Amount due to loss of certain regulatory
capital treatment and (2) par plus Deferred Interest Payments and
accrued and unpaid interest, due to certain tax events, including imposition
of withholding tax (see preliminary prospectus supplement for more information
on early redemption events) |
| |
|
|
| EARLY REDEMPTION AMOUNT: |
|
Calculated using treasury rate
plus 50 basis points |
| |
|
|
| JOINT BOOKRUNNERS: |
|
Citigroup Global Markets Inc.
Merrill Lynch Pierce, Fenner & Smith Incorporated |
| SENIOR CO-MANAGERS: |
|
Morgan Stanley & Co. Incorporated
UBS Securities LLC
Wachovia
Capital Markets, LLC |
| CO-MANAGERS: |
|
Banc of America Securities LLC
RBC Capital Markets Corporation |
| JUNIOR CO-MANAGERS: |
|
Deutsche Bank Securities Inc.
HSBC Securities (USA) Inc. |
| LISTING |
|
Application will be made to list
the Securities on the New York Stock Exchange. If approved for listing,
trading is expected to commence within 30 days of issuance. |
| CUSIP: |
|
018805200 |
| ISIN: |
|
US0188052007 |
| |
|
|
| Note: An explanation
of the significance of ratings may be obtained from the rating agencies.
Generally, rating agencies base their ratings on such materials and information,
and such of their own investigate. The ratiations, studies and assumptions,
as they deem appropring of the Undated Subordinated Callable Bonds 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) with the SEC for the offering
to which this communication relates. Before you invest, you should read
the prospectus 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 visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer participating in
the offering will arrange to send you the prospectus if you request it by
calling toll-free: |
| |
|
|
| CITIGROUP GLOBAL
MARKETS INC.: 1 877 858 5407 |
| |
|
|
| MERRILL LYNCH, PIERCE,
FENNER & SMITH INCORPORATED: 1 866 500 5408 |
