FWP 1 c19241f2fwp.htm FREE WRITING PROSPECTUS fwp
 

FREE WRITING PROSPECTUS, DATED OCTOBER 9, 2007
FILED PURSUANT TO RULE 433
(REGISTRATION STATEMENT NO. 333-123457)
FINAL SUMMARY OF TERMS
ING USA Global Funding Trusts
$750,000,000
Floating Rate Senior Notes Due 2009
     
 
    
Issuer:
  ING USA Global Funding Trust 5
 
    
Anticipated Ratings:
  Aa3 (Moody’s) / AA (S&P)
 
    
Securities:
  Floating Rate Notes due 2009 (the “Notes”)
 
    
Principal Amount:
  $750,000,000
 
    
Issue Price:
  100% of principal amount
 
    
Underwriting Fees:
  $675,000
 
    
Proceeds to Issuer:
  $749,325,000
 
    
Type of Transaction
  SEC Registered
 
    
Settlement Date:
  October 11, 2007 (T+2)
 
    
Stated Maturity Date:
  October 9, 2009
 
    
Authorized Denominations:
  $1,000 and integral multiples of $1,000 in excess thereof
 
    
Interest Rate:
  Base Rate + Spread
 
    
Interest Payment Dates:
  The 9th of each month, beginning November 9, 2007, subject to the modified following business day convention.
 
    
Base Rate:
  USD 1-month LIBOR: Reuters Page LIBOR01
 
    
Spread:
  0.36%
 
    
Interest Determination Date:
  The second London Banking Day prior to the Interest Reset Date
 
    
Business Day Convention:
  Modified Following
 
    
Interest Reset Period:
  The first Interest Reset Period will be the period from and including the Issue Date to but excluding the immediately succeeding Interest Reset Date. Thereafter, the Interest Reset Periods will be the periods from and including an Interest Reset Date to but excluding the immediately succeeding Interest Reset Date
 
    
Interest Reset Dates:
  The 9th of each month, subject to the modified following business day convention.
 
    
Day Count:
  Actual/360
 
    
CUSIP:
  44982XAD9
 
    
Underwriters:
  Banc of America Securities LLC
Deutsche Bank Securities Inc.
Morgan Stanley & Co. Incorporated
***ING USA Annuity and Life Insurance Company (“ING USA”), as statutory issuer and depositor, has filed a registration statement (including a prospectus and prospectus supplement) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents ING USA has filed with the SEC for more complete information about ING USA and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, ING USA or Morgan Stanley & Co. Incorporated will arrange to send you the prospectus and prospectus supplement if you request it by calling Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649.