Exhibit 99.2
Filed pursuant to Rule 424(b)(__)
Registration Statement No. 333-123457
Pricing Supplement No __________ Dated ______, 200_
(To Prospectus dated __, and
Prospectus Supplement dated __)
CUSIP: __________
[INSERT LOGO]
ING USA ANNUITY AND LIFE INSURANCE COMPANY
ING(SM) USA CORENOTES(R)
ISSUED THROUGH
ING USA GLOBAL FUNDING TRUST __ (THE "TRUST")
The description in this pricing supplement of the particular terms of the
ING(SM) USA CoreNotes(R) 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 Discount: _____________
Issue Price: ________________________ Original Issue Date: ___________________
Net Proceeds to the Trust: __________ Stated Maturity Date: __________________
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: __________
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"ING(SM)" is a service mark of ING Groep N.V. and is used under license.
"CoreNotes(R)" is a registered service mark of Merrill Lynch & Co., Inc.
Initial Interest Rate, if any: __________
Initial Interest Reset Date: __________
Interest Rate Basis(es). Check all that apply:
[ ] CD Rate
[ ] Commercial Paper Rate
[ ] Prime Rate
[ ] Constant Maturity Swap Rate
[ ] Federal Funds Rate
[ ] CMT Rate
[ ] LIBOR
[ ] Treasury Rate
[ ] Federal Funds Open 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.]
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): __________
Discount Note: [ ]Yes [ ] No. If Yes,
Total Amount of Discount: __________
Initial Accrual Period of Discount: __________
Additional/Other Terms: __________
Terms of Survivor's Option:
Annual Put Limitation: [ ] $2,000,000 or 2%; or
[ ] $_______ or __%
Individual Put Limitation: [ ] $250,000; or
[ ] $_______
Trust Put Limitation: [ ] 2%; or
$_______
Redemption Provisions: [ ]Yes [ ] No. If Yes,
Initial Redemption Date:
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): __________
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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): __________
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 Purchasing Notes as Principal: [ ] Yes [ ] No. If Yes,
Purchasing Agent 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: __________
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): __________
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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: __________
Initial Interest Rate, if any:
Initial Interest Reset Date:
Interest Rate Basis(es). Check all that apply:
[ ] CD Rate
[ ] Commercial Paper Rate
[ ] Prime Rate
[ ] Constant Maturity Swap Rate
[ ] Federal Funds Rate
[ ] CMT Rate
[ ] LIBOR
[ ] Treasury Rate
[ ] Federal Funds Open 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): __________
Discount Funding Agreement: [ ]Yes [ ] No. If Yes,
Total Amount of Discount: __________
Initial Accrual Period of Discount: __________
Additional/Other Terms: __________
Terms of Survivor's Option:
Annual Put Limitation: [ ] $2,000,000 or 2%; or
[ ] $_______ or __%
Individual Put Limitation: [ ] $250,000; or
[ ] $_______
Trust Put Limitation: [ ] 2%; or
$_______
Redemption Provisions: [ ]Yes [ ] No. If Yes,
Initial Redemption Date: __________
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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): __________
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: __________
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