Issuer: | The Chubb Corporation | |||
Ratings: | A2 / A / A+ (Moodys / S&P / Fitch) | |||
Title of Security: | 6% Senior Notes due 2037 (Senior Notes) | |||
Aggregate Principal Amount: | $800,000,000 | |||
Trade Date: | May 8, 2007 | |||
Settlement Date: | May 11, 2007 (T + 3) | |||
Maturity Date: | May 11, 2037 | |||
Interest Rate: | 6% per annum, payable semi-annually | |||
Interest Payment Dates: | Each May 11th and November 11th | |||
First Interest Payment Date: | November 11, 2007 | |||
Day Count: | 30/360 | |||
Treasury Benchmark: | UST 4.500% due 2/2036 | |||
Treasury Yield: | 4.823% | |||
Re-offer Spread to Benchmark: | + 118bp | |||
Re-offer Yield: | 6.003% | |||
Price to Public: | 99.958% | |||
Defeasance: | Applicable. | |||
Optional Redemption: | The Senior Notes are redeemable in whole at any time or in part from time to time at the option of the Issuer at a redemption price equal to the greater of: | |||
| 100% of the principal amount of the Senior Notes being redeemed and | |||
| the sum of the present values of the
remaining scheduled payments of principal
and interest on the Senior Notes (exclusive
of accrued and unpaid interest to the
redemption date) discounted to the
redemption date on a semi-annual basis
(assuming a 360-day year consisting of
twelve 30-day months) at a discount rate
equal to the treasury rate plus 0.20%,
in each case, plus accrued and unpaid interest to the redemption date |
|||
Minimum Denominations/Multiples: | $1,000/multiples of $1,000 in excess thereof | |||
CUSIP/ISIN: | 171232AQ4/US171232AQ41 | |||
Joint Book-Running Managers: | Citigroup Global Markets Inc. Goldman, Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated |
|||
Co-Managers: | Bear, Stearns & Co. Inc. Deutsche Bank Securities Inc. Blaylock & Company, Inc. Credit Suisse Securities (USA) LLC Lehman Brothers Inc. Morgan Stanley & Co. Incorporated UBS Securities LLC Utendahl Capital Partners, L.P. |
Citigroup Global Markets Inc. | (877) 858-5407 | |||||
Goldman, Sachs & Co. | (866) 471-2526 | |||||
Merrill Lynch, Pierce, Fenner & Smith Incorporated |
(866) 500-5408 |