Free Writing Prospectus dated May 8, 2007
Filed pursuant to Rule 433
Registration Statement Nos. 333-129763 and 333-129763-01
Final Terms
May 8, 2007
Principal Life Income Fundings Trust 30 (Aa2/AA)
USD 250 million 2-year Floating-Rate Secured Medium Term Notes
Bond Terms
| | | |
| | | |
| Issuer | | Principal Life Income Fundings Trust 30 |
| | | |
| Issuer Ratings | | Aa2/AA |
| | | |
| Lead Manager | | Deutsche Bank Securities Inc. |
| | | |
| Principal Amount | | $250,000,000 |
| | | |
| Issue Date | | May 8, 2007 |
| | | |
| Settlement Date | | May 15, 2007 (T+5) |
| | | |
| Maturity Date | | May 15, 2009 |
| | | |
| Coupon | | 3M $ LIBOR — 2.5 basis points |
| | | |
| Coupon Payment Dates | | The 15th of August, November, February, and May commencing on
August 15, 2007 |
| | | |
| Payment Convention | | Act/360, Modified Following Business Day, Adjusted |
| | | |
| Reoffer Price | | 100.000% |
| | | |
| Net Proceeds | | 100.000% |
| | | |
| Authorized Denominations | | $1,000 |
| | | |
| Business Days | | New York |
| | | |
| CUSIP | | 74254PRX2 |
| | | |
| Underwriter | | Deutsche Bank Securities Inc. |
Principal Life Insurance Company (“PLIC” ), as statutory issuer and depositor, and Principal Financial Group, Inc. (“PFG” ) have filed a registration statement (including a prospectus and prospectus supplement) with the 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 PLIC and PFG have filed with the SEC for more complete information about PLIC and PFG and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Deutsche Bank will arrange to send you the prospectus and prospectus supplement if you request it by calling Deutsche Bank 1(212) 250-2500.
