Genworth Global Funding Trust 2007-D Inactive
Filed: 5 Oct 07, 12:00am
Filed pursuant to Rule 424(b)(2)
Registration Statement No. 333-128718
Pricing Supplement No. 12 Dated October 3, 2007
(To Prospectus dated December 9, 2005, and
Prospectus Supplement dated December 9, 2005)
CUSIP: 37247XAN2
ISIN: US37247XAN21
Genworth Life and Annuity Insurance Company
Secured Medium-Term Notes
Issued Through
Genworth Global Funding Trust 2007-D (the “Trust”)
The description in this pricing supplement of the particular terms of the Secured Medium-Term Notes 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: $300,000,000.00 | Agent(s) Discount: 0.25% | |
| Issue Price: 99.932% | Original Issue Date: October 11, 2007 | |
| Net Proceeds to the Trust: $299,046,000.00 | Stated Maturity Date: October 8, 2010 | |
Specified Currency: U.S. Dollars
Interest Payment Dates: The 8th day of each April and October; 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: April 8, 2008
Regular Record Date: 15 calendar days prior to the Interest Payment Date
Type of Interest Rate:x Fixed Rate ¨ Floating Rate
Fixed Rate Notes:x Yes ¨ No. If Yes,
Interest Rate: 5.20%
Floating Rate Notes:¨ Yes x No. If Yes,
Floating Rate Notes:¨ Yes x No. If Yes,
Interest Rate:
Interest Rate Basis(es):
Floating Rate/Fixed Rate Notes:¨ Yes x No. If Yes,
Floating Interest Rate:
Interest Rate Basis(es):
Fixed Interest Rate:
Fixed Rate Commencement Date:
Fixed Rate/Floating Rate Notes:¨ Yes x No. If Yes,
Fixed Interest Rate:
Floating Interest Rate:
Interest Rate Basis(es):
Floating Rate Commencement Date:
Inverse Floating Rate Notes:¨ Yes x No. If Yes,
Fixed Interest Rate:
Floating Interest Rate:
Interest Rate Basis(es):
Initial Interest Rate, if any:
Initial Interest Reset Date:
Interest Rate Basis(es). Check all that apply:
| ¨ CD Rate | ¨ CMT Rate | |
| ¨ Commercial Paper Rate | ¨ Eleventh District Cost of Funds Rate | |
| ¨ EURIBOR | ¨ Federal Funds Rate | |
| ¨ LIBOR | ¨ Prime Rate | |
| ¨ Treasury Rate |
If LIBOR:¨ LIBOR Reuters ¨ LIBOR Moneyline Telerate (or any successor service)
LIBOR Page:
LIBOR Currency:
If CMT Rate:
Designated CMT Telerate Page:
If 7052:¨ Weekly Average ¨ Monthly Average
Designated CMT Maturity Index:
Index Maturity:
Spread (+/-):
Spread Multiplier:
Interest Reset Date(s):
Interest Rate Determination Date(s):
Maximum Interest Rate, if any:
Minimum Interest Rate, if any:
Calculation Agent, if any: Not applicable
Exchange Rate Agent, if any: Not applicable
Computation of Interest (not applicable unless different than as specified in the prospectus and prospectus supplement):
Day Count Convention (not applicable unless different than as specified in the prospectus and prospectus supplement):
Amortizing Notes:¨ Yes x No. If Yes,
Amortizing Schedule:
Additional/Other Terms:
Discount Notes:¨ Yes x No. If Yes,
Total Amount of Discount:
Initial Accrual Period of Discount:
Additional/Other Terms:
Redemption Provisions:¨ Yes x No. If Yes,
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction (if any):
| Redemption: | ¨ | In whole only and not in part | ||
| ¨ | May be in whole or in part |
Additional/Other Terms:
Repayment:¨ Yes x No. If Yes,
Repayment Date(s):
Repayment Price:
| Repayment: | ¨ | In whole only and not in part | ||
| ¨ | May be in whole or in part |
Additional/Other Terms:
Sinking Fund (not applicable unless specified): Not applicable
Additional Amounts to be Paid for Withholding Tax (not applicable unless specified): Not applicable
Securities Exchange Listing:¨ Yes x No. If Yes, Name of Exchange: Not applicable
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 ¨ No. If Yes,
Agent(s) | Principal Amount | ||
Bear, Stearns & Co. Inc. (DTC #352) | $ | 300,000,000 | |
Total: | $ | 300,000,000 | |
Agent(s) Acting as Agent:¨ Yes x No. If Yes,
Agent(s) | Principal Amount | |
Total: |
Jurisdiction of Organization of the Trust: Illinois
Additional/Other Terms, if any: Not applicable
Special Tax Considerations, if any: Not applicable
2.The Funding Agreement
Funding Agreement Issuer: Genworth Life and Annuity Insurance Company
Funding Agreement No.: GS-I6011
Deposit Amount: $300,000,015.00
Issue Price: 99.932%
Net Deposit Amount: $299,046,000.00
Effective Date: October 11, 2007
Stated Maturity Date: October 8, 2010
Specified Currency: U.S. Dollars
Interest Payment Dates: The 8th day of each April and October; 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: April 8, 2008
Type of Interest Rate:x Fixed Rate ¨ Floating Rate
Fixed Rate Funding Agreement:x Yes ¨ No. If Yes,
Interest Rate: 5.20%
Floating Rate Funding Agreement:¨ Yes x No. If Yes,
Floating Rate Funding Agreement:¨ Yes x No. If Yes,
Interest Rate:
Interest Rate Basis(es):
Floating Rate/Fixed Rate Funding Agreement:¨ Yes x No. If Yes,
Floating Interest Rate:
Interest Rate Basis(es):
Fixed Interest Rate:
Fixed Rate Commencement Date:
Fixed Rate/Floating Rate Funding Agreement:¨ Yes x No. If Yes,
Fixed Interest Rate:
Floating Interest Rate:
Interest Rate Basis(es):
Floating Rate Commencement Date:
Inverse Floating Rate Funding Agreement:¨ Yes x No. If Yes,
Fixed Interest Rate:
Floating Interest Rate:
Interest Rate Basis(es):
Initial Interest Rate, if any:
Initial Interest Reset Date:
Interest Rate Basis(es). Check all that apply:
¨ CD Rate | ¨ CMT Rate | |
¨ Commercial Paper Rate | ¨ Eleventh District Cost of Funds Rate | |
¨ EURIBOR | ¨ Federal Funds Rate | |
¨ LIBOR | ¨ Prime Rate | |
¨ Treasury Rate |
If LIBOR:¨ LIBOR Reuters ¨ LIBOR Moneyline Telerate (or any successor service)
LIBOR Page:
LIBOR Currency:
If CMT Rate:
Designated CMT Telerate Page:
If 7052:¨ Weekly Average ¨ Monthly Average
Designated CMT Maturity Index:
Index Maturity:
Spread (+/-):
Spread Multiplier:
Interest Reset Date(s):
Interest Rate Determination Date(s):
Maximum Interest Rate, if any:
Minimum Interest Rate, if any:
Calculation of Interest (not applicable unless different than as specified in the prospectus and prospectus supplement):
Day Count Convention (not applicable unless different than as specified in the prospectus and prospectus supplement):
Amortizing Funding Agreement: ¨ Yes x No. If Yes,
Amortizing Schedule:
Additional/Other Terms:
Discount Funding Agreement:¨ Yes x No. If Yes,
Total Amount of Discount:
Initial Accrual Period of Discount:
Additional/Other Terms:
Redemption Provisions:¨ Yes x No. If Yes,
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction (if any):
| Redemption: | ¨ | In whole only and not in part | ||
| ¨ | May be in whole or in part |
Additional/Other Terms:
Repayment:¨ Yes x No. If Yes,
Repayment Date(s):
Repayment Price:
| Repayment: | ¨ | In whole only and not in part | ||
| ¨ | May be in whole or in part |
Additional/Other Terms:
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