The debentures will bear interest (i) from and including the date of original issue to, but excluding, March 15, 2027, at the fixed rate of 5.875% per annum and (ii) from, and including, March 15, 2027, during each Reset Period (as defined below), at a rate per annum equal to the Five-Year Treasury Rate (as defined below) as of the most recent Reset Interest Determination Date (as defined below) plus 4.140% to be reset on each Reset Date (as defined below). We will pay interest on the debentures quarterly on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2022. We may defer interest payments during one or more deferral periods for up to five consecutive years each as described in this prospectus supplement. See “Description of Debentures—Option to Defer Interest Payments.” The debentures will mature on March 15, 2062.
Brighthouse Financial Inc 4.625% Non-Cumulative Preferred Stock, Series D
SiriusPoint Ltd 8% Resettable Fixed Rate Preference Stock, Series B
Coupon is fixed at 8% until 2/26/2026 at which time it will reset to a coupon of the 5 year treasury plus a spread of 7.298%–resetting on every 5th anniversary. Issue is redeemable starting 2/26/2026 and on each 5th anniversary
Affiliated Managers Group 4.20% Junior Subordinated Notes due 2061
We may defer interest payments on the Notes on one or more occasions for up to 20 consecutive quarterly periods per deferral period as described in this prospectus supplement. Deferred interest payments will accrue additional interest at a rate equal to the interest rate then applicable to the Notes, compounded quarterly, to the extent permitted by applicable law.
RenaissanceRE Holdings LTD 4.20% Series G Preference Stock
Globe Life Inc. 4.25% Junior Subordinated Debentures Due 2061