Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Number 333-137395
Filed Pursuant to Rule 433
Registration Number 333-137395
Final Term Sheet
Issuer:
|
Selective Insurance Group, Inc. | |
Principal Amount:
|
$100,000,000 | |
Security Type:
|
Junior Subordinated Notes due 2066 | |
Legal Format:
|
SEC Registered | |
Ratings:
|
Baa3(Positive)/BBB-(Stable)/bbb(Stable)/BBB(Stable) Moody’s /S&P /A.M. Best /Fitch | |
Maturity:
|
September 27, 2066 | |
Coupon:
|
7.5% per annum | |
Trade Date:
|
September 20, 2006 | |
Optional Redemption:
|
At any time on or after September 26, 2011, at 100% of the principal amount, plus accrued and unpaid interest | |
Optional Deferral:
|
Maximum of 10 consecutive years per deferral | |
Settlement Date:
|
September 25, 2006 | |
Listing:
|
Intend to apply to list on the NYSE; if approved, trading expected to begin within 30 days of issuance | |
Price to Public:
|
100% | |
Interest Payment Dates:
|
Interest is cumulative and payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning December 15, 2006, and on September 27, 2066 | |
Tax Event Call:
|
At any time prior to September 25, 2011, at 100% of the principal amount, plus accrued and unpaid interest | |
Joint Book-Running Managers: |
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wachovia Capital Markets, LLC | |
Co-Managers:
|
BB&T Capital Markets, a division of Scott & Stringfellow, Inc., J.P. Morgan Securities Inc., Keefe Bruyette & Woods, Inc., Piper Jaffray & Co. and Raymond James & Associates | |
CUSIP:
|
816300 30 5 |
The issuer has 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 the registration statement and other
documents the issuer has filed with the SEC for more complete information about
the issuer and this offering. You may obtain these documents for free by
visiting EDGAR on the SEC Web site at www.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 Merrill Lynch, Pierce,
Fenner & Smith Incorporated toll-free at 1-866-500-5408 or Wachovia Capital
Markets, LLC toll-free at 1-800-326-5897.