Exhibit 99.1
Filed pursuant to Rule 424(b)(__)
Registration Statement No. 333-123457
Pricing Supplement No. __ Dated ______, 200_
(To Prospectus dated _____, and
Prospectus Supplement dated _____)
CUSIP: ________
ING USA ANNUITY AND LIFE INSURANCE COMPANY
SECURED MEDIUM-TERM NOTES
ISSUED THROUGH
ING USA GLOBAL FUNDING TRUST _____ (THE "TRUST")
The description of this pricing supplement of the particular terms of the
Secured Medium-Term Notes offered hereby, and the Funding Agreement (specified
below) issued by ING USA Annuity and Life Insurance Company ("ING USA") 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: _________________ Purchasing Agent(s) Discount: ____________
Issue Price: ______________________ Original Issue Date: _____________________
Net Proceeds to the Trust: ________ Stated Maturity Date: ____________________
Tranche: ______. [As discussed in the prospectus supplement under "Description
of the Notes--General--Indenture," the Trust may issue one or more additional
tranches of notes after the issuance of these notes.] [As discussed in the
prospectus supplement under "Description of the Notes - General - Indenture,"
these notes are issued as an additional tranche of notes of this series.]
Specified Currency: ________________________________________
Interest Payment Dates: ____________________________________
Initial Interest Payment Date: _____________________________
Regular Record Date: [15 calendar days prior to the Interest Payment Date]
Type of Interest Rate: [ ] Fixed Rate [ ] Floating Rate
Fixed Rate Notes: [ ]Yes [ ] No. If Yes,
Interest Rate: ___________________________________
Floating Rate Notes: [ ] Yes [ ] No. If Yes,
Regular Floating Rate Notes: [ ] Yes [ ] No. If Yes,
Interest Rate: ______________________________
Interest Rate Basis(es): ____________________
Floating Rate/Fixed Rate Notes: [ ] Yes [ ] No. If Yes,
Floating Interest Rate: _____________________
Interest Rate Basis(es): ____________________
Fixed Interest Rate: ________________________
Fixed Rate Commencement Date: _______________
Fixed Rate/Floating Rate Notes: [ ] Yes [ ] No. If Yes,
Fixed Interest Rate: ________________________
Floating Interest Rate: _____________________
Interest Rate Basis(es): ____________________
Floating Rate Commencement Date: ____________
Inverse Floating Rate Notes: [ ] Yes [ ] 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
[ ] EURIBOR Rate
[ ] LIBOR [ ] Federal Funds Rate
[ ] Treasury Rate [ ] Prime Rate
[ ] Federal Funds Open Rate [ ] Constant Maturity Swap Rate
If LIBOR: [ ] LIBOR Reuters [ ] LIBOR Telerate
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: [Citibank, N.A.]
Exchange Rate Agent, if any: [Citibank, N.A.]
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 Note: [ ] Yes [ ] No. If Yes,
Amortizing Schedule: __________________________________
Additional/Other Terms: _______________________________
Discount Note: [ ] Yes [ ] No. If Yes,
Total Amount of Discount: _____________________________
Initial Accrual Period of Discount: ___________________
Additional/Other Terms: _______________________________
Redemption Provisions: [ ] Yes [ ] 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 [ ] 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): ____________
Additional Amounts to be Paid for Withholding Tax (not applicable unless
specified): ________________________________________________
Securities Exchange Listing: [ ] Yes [ ] No. If Yes, Name of Exchange: _________
Authorized Denominations: $[1,000]
Ratings: The Notes issued under the Program are rated AA by Standard & Poor's
("S&P") and aa- by A.M. Best Company ("A.M. Best"). ING USA expects
the Notes to be rated Aa3 by Moody's Investors Service, Inc.
("Moody's").
Purchasing Agent(s) Purchasing Notes as Principal: [ ] Yes [ ] No. If Yes,
Purchasing Agent(s) Principal Amount
------------------- ----------------
Total: ________________
Purchasing Agent(s) Acting as Agent: [ ] Yes [ ] No. If Yes,
Purchasing Agent(s) Principal Amount
------------------- ----------------
Total: ________________
Jurisdiction of Organization of the Trust: [Illinois]
Additional/Other Terms, if any: ____________________________
Special Tax Considerations, if any: ________________________
2. THE FUNDING AGREEMENT
Funding Agreement Issuer: ING USA Annuity and Life Insurance Company
Funding Agreement No.: _____________________________________
Deposit: ___________________________________________________
Net Deposit: _______________________________________________
Effective Date: ____________________________________________
Stated Maturity Date: ______________________________________
Specified Currency: ________________________________________
Interest Payment Dates: ____________________________________
Initial Interest Payment Date: _____________________________
Type of Interest Rate: [ ] Fixed Rate [ ] Floating Rate
Fixed Rate Funding Agreement: [ ] Yes [ ] No. If Yes,
Interest Rate: ___________________________________
Floating Rate Funding Agreement: [ ] Yes [ ] No. If Yes,
Regular Floating Rate Funding Agreement: [ ] Yes [ ] No. If Yes,
Interest Rate: ______________________________
Interest Rate Basis(es): ____________________
Floating Rate/Fixed Rate Funding Agreement: [ ] Yes [ ] No. If Yes,
Floating Interest Rate: _____________________
Interest Rate Basis(es): ____________________
Fixed Interest Rate: ________________________
Fixed Rate Commencement Date: _______________
Fixed Rate/Floating Rate Funding Agreement: [ ] Yes [ ] No. If Yes,
Fixed Interest Rate: ________________________
Floating Interest Rate: _____________________
Interest Rate Basis(es): ____________________
Floating Rate Commencement Date: ____________
Inverse Floating Rate Funding Agreement: [ ]Yes [ ] 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
[ ] EURIBOR Rate
[ ] LIBOR [ ] Federal Funds Rate
[ ] Treasury Rate [ ] Prime Rate
[ ] Federal Funds Open Rate [ ] Constant Maturity Swap Rate
If LIBOR: [ ] LIBOR Reuters [ ] LIBOR Telerate
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: ___________________
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 Funding Agreement: [ ]Yes [ ] No. If Yes,
Amortizing Schedule: __________________________________
Additional/Other Terms: _______________________________
Discount Funding Agreement: [ ]Yes [ ] No. If Yes,
Total Amount of Discount: ________________________
Initial Accrual Period of Discount: ______________
Additional/Other Terms: __________________________
Redemption Provisions: [ ]Yes [ ] 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 [ ] 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): ____________
Additional Amounts to be Paid For Withholding Tax (not applicable unless
specified): ________________________________________________
Ratings: The Funding Agreement issued under the Program is rated AA by S&P.
ING USA expects the Funding Agreement to be rated Aa3 by Moody's.
Additional/Other Terms, if any: ____________________________
Special Tax Considerations, if any: ________________________