ACE Limited Announces Pricing of $800M Senior Notes Offering by Subsidiary

ACE Limited

announced today that its subsidiary, ACE INA Holdings Inc., has agreed to sell $800 million of 3.15% senior notes due March 2025. The notes are guaranteed by ACE Limited. Net proceeds from the sale of the notes plus available cash will be used to repay at maturity $500 million of the company's 5.70% senior notes maturing in February 2017 and $300 million of the company's 5.80% notes maturing in March 2018. Pending such application, the company may make the net proceeds available to its subsidiaries or invest them in marketable securities. The joint book-running managers for the offering are Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities, nor will there be any sale of the senior notes or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus supplement and accompanying prospectus. When available, copies of these documents may be obtained from: Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, N.Y. 11717, by email: prospectus@citi.com or by calling 1-800-831-9146; or Morgan Stanley & Co. LLC, 180 Varick Street, New York, N.Y. 10014, Attention: Prospectus Department, by email: prospectus@morganstanley.com or by calling 1-866-718-1649. Alternatively, the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the U.S. Securities and Exchange Commission (SEC) website at www.sec.gov.