-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GykWQn4a9LDUJFj6grBo3zZLYFgRfPgB0NNBA9Mjz+9pxjaJp0o47mfYYIPvxKf7 xnS19nZDTIZHwjt9V9V8nA== 0001104659-08-040222.txt : 20080617 0001104659-08-040222.hdr.sgml : 20080617 20080617073314 ACCESSION NUMBER: 0001104659-08-040222 CONFORMED SUBMISSION TYPE: 424B2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080617 DATE AS OF CHANGE: 20080617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENWORTH LIFE & ANNUITY INSURANCE CO CENTRAL INDEX KEY: 0001156124 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 540283385 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: 1933 Act SEC FILE NUMBER: 333-128718 FILM NUMBER: 08901984 BUSINESS ADDRESS: STREET 1: 6610 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: 804-281-6000 MAIL ADDRESS: STREET 1: 6610 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 FORMER COMPANY: FORMER CONFORMED NAME: GE LIFE & ANNUITY ASSURANCE CO DATE OF NAME CHANGE: 20010731 SERIAL COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Genworth Global Funding Trust 2008-32 CENTRAL INDEX KEY: 0001437720 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: 1933 Act SEC FILE NUMBER: 333-128718-49 FILM NUMBER: 08901985 BUSINESS ADDRESS: STREET 1: 6610 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: 804-281-6000 MAIL ADDRESS: STREET 1: 6610 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 424B2 1 a08-16793_1424b2.htm 424B2

Filed pursuant to Rule 424(b)(2)

Registration Statement No. 333-128718

 

Pricing Supplement No. 037 Dated June 16, 2008

(To Prospectus dated December 9, 2005, and

Prospectus Supplement dated December 9, 2005)

 

CUSIP: 37248JBN1

ISIN: US37248JBN19

 

Genworth Life and Annuity Insurance Company

Genworth DirectNotesSM

Issued Through

Genworth Global Funding Trust 2008-32 (the “Trust”)

 

                The description in this pricing supplement of the particular terms of the Genworth DirectNotesSM offered hereby, and the Funding Agreement (specified below) issued by Genworth Life and Annuity Insurance Company (“GLAIC”) to the Trust, supplements the description of the general terms and provisions of the notes and the funding agreements set forth in the accompanying prospectus and prospectus supplement, to which reference is hereby made.

 

1.             The Notes

 

Principal Amount:

 

TBD

 

Agent(s) Discount:

 

1.00%

Issue Price:

 

100.00%

 

Original Issue Date:

 

June 26, 2008

Net Proceeds to the Trust:

 

TBD

 

Stated Maturity Date:

 

June 15, 2013

 

Specified Currency:  U.S. Dollars

 

Interest Payment Dates: The 15th day of each June and December; provided, however, that the first Interest Payment Date shall be the Initial Interest Payment Date; provided, further, that the final Interest Payment Date shall be the Stated Maturity Date.

 

Initial Interest Payment Date: December 15, 2008

Regular Record Date: 15 calendar days prior to the Interest Payment Date

 

Type of Interest Rate:

 

x

Fixed Rate

o

Floating Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Rate Notes:

x

Yes

o

No.  If Yes,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate: 5.50%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discount Notes:

 

o

Yes

x

No.  If Yes,

 

 

 

 

Total Amount of Discount:

 

Initial Accrual Period of Discount:

 

Additional/Other Terms:

 

 

 

 

 

 

 

 

 

 

 

 

Survivor’s Option:

 

x 

Yes

o

No.  If Yes,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annual Put Limitation:

x

$1,000,000 or 1%; or

 

 

 

 

 

 

 

 

o

$          or            %

 

 

 

 

 

Individual Put Limitation:

x

$250,000; or

 

 

 

 

 

 

 

 

o

$              

 

 

 

 

 

Trust Put Limitation:

x

1%; or $             

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Redemption Provisions:

o

Yes

x

No.  If Yes,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Initial Redemption Date:

 

 

 

 

 

 

 

 

Initial Redemption Percentage:

 

 

 

 

 

 

 

 

Annual Redemption Percentage Reduction (if any):

 

 

 

 

 

Redemption:

o

In whole only and not in part

 

 

 

 

 

 

 

o

May be in whole or in part

 

 

 

 

 

                Additional/Other Terms: Any such redemption will be made on an Interest Payment Date occurring on or after the Initial Redemption Date and notwithstanding anything in the prospectus or the prospectus supplement to the contrary, notice of any such redemption will be given not more than 75 and not less than 30 calendar days prior to the date of such redemption.

 

1


 

Repayment:

 

o  Yes

 

x  No.  If Yes,

Repayment Date(s):

 

 

Repayment Price:

 

 

Repayment:

o  In whole only and not in part

 

 

o  May be in whole or in part

 

 

Additional/Other Terms:

 

 

 

Sinking Fund  (not applicable unless specified):

Additional Amounts to be Paid for Withholding Tax  (not applicable unless specified):

 

Securities Exchange Listing:     o Yes        x No.       If Yes, Name of Exchange:

 

Authorized Denominations:  $1,000 and any integral multiple of $1,000 in excess thereof

 

Ratings:  The Notes issued under the Program are rated AA- by Standard & Poor’s, a division of the McGraw-Hill Companies, Inc. (“S&P”).  GLAIC expects the Notes to be rated Aa3 by Moody’s Investors Service, Inc. (“Moody’s”).

 

Agent(s) Purchasing Notes as Principal:   x Yes       o No.  If Yes,

 

Agent(s)

Principal Amount

Incapital LLC

TBD

Total:

TBD

 

Jurisdiction of Organization of the Trust:  Illinois

 

Additional/Other Terms, if any: Not Applicable

 

Special Tax Considerations, if any: Not Applicable

 

Incapital LLC will serve as Lead Retail Agent for the $5,000,000,000 Genworth DirectNotessm program established pursuant to the Prospectus and Prospectus Supplement, each dated December 9, 2005.

 

2.             The Funding Agreement

 

Funding Agreement Issuer: Genworth Life and Annuity Insurance Company

 

Funding Agreement No.: GS-R6048

 

Deposit Amount: TBD

 

Issue Price: 100.00%

 

Net Deposit Amount: TBD

 

Effective Date: June 26, 2008

 

Stated Maturity Date: June 15, 2013

 

Specified Currency: U.S. Dollars

 

Interest Payment Dates: The 15th day of each June and December; provided, however, that the first Interest Payment Date shall be the Initial Interest Payment Date; provided, further, that the final Interest Payment Date shall be the Stated Maturity Date.

 

Initial Interest Payment Date:  December 15, 2008

 

Type of Interest Rate:

x

Fixed Rate

o

Floating Rate

 

Fixed Rate Funding Agreement:

x

Yes

 

o No.  If Yes,

 

                                Interest Rate: 5.50%

 

2


 

Discount Funding Agreement:

o

Yes

x

No.  If Yes,

Total Amount of Discount:

 

 

Initial Accrual Period of Discount:

 

 

Additional/Other Terms:

 

 

 

Redemption Provisions:

o

Yes

x

No.  If Yes,

Initial Redemption Date:

 

 

 

Initial Redemption Percentage:

 

 

 

Annual Redemption Percentage Reduction (if any):

 

 

 

Redemption:

o

In whole only and not in part

 

 

o

May be in whole or in part

 

 

 

                Additional/Other Terms: Any such redemption will be made on an Interest Payment Date occurring on or after the Initial Redemption Date.

 

Repayment:

o

Yes

 

x No.  If Yes,

Repayment Date(s):

 

 

Repayment Price:

 

 

Repayment:

o

In whole only and not in part

 

o

May be in whole or in part

 

 

 

                Additional/Other Terms:

 

Survivor’s Option: Under the Funding Agreement, Genworth Life and Annuity Insurance Company x is o is not required to provide the Trust with amounts it needs to honor valid exercises of the Survivor’s Option.

 

Sinking Fund (not applicable unless specified): Not Applicable

 

Additional Amounts to be Paid For Withholding Tax (not applicable unless specified): Not Applicable

 

Ratings:  The Funding Agreement issued under the Program is rated AA- by S&P.   GLAIC expects the Funding Agreement to be rated Aa3 by Moody’s.

 

Additional/Other Terms, if any:  Not Applicable

 

Special Tax Considerations, if any:  Not Applicable

 

3

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