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American Equity Investment Life Holding Company 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A

The coupon will be fixed until 12/1/2024 at 5.95% after which point the rate will be reset at the 5 year treasury plus a spread of 4.322% and there after reset every 5 years

Ticker: AEL-A

Parent Ticker: AEL

OTC Grey Market Temporary Ticker: AQYVL

Issuance Date: 11/14/2019

1st Call Date: 12/01/2024

Maturity Date: None

Shares Issued: 16,000,000

Overallotment Shares: 0

Coupon: 5.95%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.372

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 1

S&P Rating: BB

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: BB

Egan-Jones Rating: NR

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