Filed Pursuant to Rule 433
Registration Statements No. 333-130378 and 333-130378-02
$450,000,000
ACE INA Holdings Inc.
5.600% Senior Notes due 2015
Fully and Unconditionally Guaranteed by
ACE Limited
FINAL TERM SHEET
Dated: May 12, 2008
| Issuer: | ACE INA Holdings Inc. | |
| Guarantor: | ACE Limited | |
| Issue Ratings: | A3 / A- / A (stable / stable / stable) | |
| Security Type: | SEC Registered Senior Unsecured Notes | |
| Size: | $450,000,000 | |
| Maturity: | May 15, 2015 | |
| Coupon (Interest Rate): | 5.600% | |
| Price: | 99.647% | |
| Yield: | 5.662% | |
| Spread to Benchmark Treasury: | +225 bps | |
| Benchmark Treasury: | 4.125% UST due 5/2015 | |
| Benchmark Treasury Price and Yield: | 104-13 (3.412% yield) | |
| Interest Payment Dates: | The 15thday of each May and November, commencing November 15, 2008 | |
| Redemption Provision: | Make Whole Call - UST +35 bps Redemption for Changes in Withholding Taxes - Par | |
| Net Proceeds to ACE INA (before expenses): | $448,411,500 | |
| Settlement: | T+5 (May 19, 2008) | |
| Book-Running Managers: | Citigroup Global Markets Inc. J.P. Morgan Securities Inc. Wachovia Capital Markets, LLC | |
| Co-Managers: | Deutsche Bank Securities Inc. Greenwich Capital Markets, Inc. HSBC Securities (USA) Inc. Barclays Capital Inc. Mitsubishi UFJ Securities International plc | |
Note:A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer and the guarantor have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer and the guarantor have filed with the SEC for more complete information about the issuer, the guarantor and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site atwww.sec.gov.Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll free at 1-877-858-5407, J.P. Morgan Securities Inc. at 1-212-834-4533 (collect), or Wachovia Capital Markets, LLC at 1-866-326-5897 or by e-mail at: syndicate.ops@wachovia.com.
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