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PRICING SUPPLEMENT
Filed pursuant to Rule 424(b)(2)
Registration Statement No. 333-112249 and 333-112249-01
Pricing Supplement No. 7 Dated January 18, 2005
(To Prospectus dated April 27, 2004, and
Prospectus Supplement dated April 27, 2004)
CUSIP: 02003MAG9
ISIN: US02003MAG96
Allstate Life Global Funding
Secured Medium Term Notes
Issued Through
Allstate Life Global Funding Trust 2005-1 (the "Trust")
The description in this pricing supplement of the particular terms of the
Secured Medium Term Notes offered hereby supplements the description of the
general terms and provisions of the notes set forth in the accompanying
prospectus and prospectus supplement, to which reference is hereby made.
Principal Amount: $275,000,000 Agent(s) Discount: 0.15%
Issue Price: 99.941% Original Issue Date: January 25,
2005
Net Proceeds to the Trust: $274,425,250 Stated Maturity Date: January 25,
2008
Funding Agreement Number(s): FA-41078
Specified Currency: U.S. Dollars
Interest Payment Dates: January 25 and July 25 in each
year.
If any interest payment date other
than the maturity date for the
Notes would otherwise be a day that
is not a business day, such
interest payment date will be
postponed to the next succeeding
business day, except that in the
case that business day falls in the
next succeeding calendar month, the
particular interest payment date
will be the immediately preceding
business day. If the maturity date
of the Notes falls on a day that is
not a business day, the Trust will
make the required payment of
principal and interest or other
amounts on the next succeeding
business day, and no additional
interest will accrue in respect of
the payment made on that next
succeeding business day.
Initial Interest Payment Date: July 25, 2005
Regular Record Dates: 15 calendar days prior to each
Interest Payment Date
Type of Interest Rate: [ X ] Fixed Rate
[ ] Floating Rate
Fixed Rate Notes: [ X ] Yes [ ] No. If, Yes,
Interest Rate: 3.85%
Floating Rate Notes: [ ] Yes [ X ] No. If, Yes,
Regular Floating Rate Notes: [ ] Yes [ ] No. If, Yes,
Interest Rate:
Interest Rate Basis(es):
Floating Rate/Fixed Rate Note: [ ] Yes [ ] No. If, Yes,
Floating Interest Rate:
Interest Rate Basis(es):
A-A-1
Fixed Interest Rate:
Fixed Rate Commencement Date:
Inverse Floating Rate Note: [ ] 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 [ ] Commercial Paper Rate
[ ] CMT Rate [ ] Eleventh District Cost of Funds Rate
[ ] LIBOR [ ] Federal Funds Rate
[ ] EURIBOR [ ] Treasury Rate
[ ] Prime Rate [ ] Other (See Attached)
If LIBOR:
[ ] LIBOR Reuters Page [ ] LIBOR Moneyline Telerate 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: Not applicable
Exchange Rate Agent: 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 Note: [ ] Yes [ X ] No. If, Yes,
Amortizing Schedule:
Additional/Other Terms:
Discount Note: [ ] 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):
Additional Amounts to be Paid for Withholding Tax (not applicable unless
specified):
Securities Exchange Listing: [ ] Yes [ X ] No. If Yes,
Name of Exchange:
Authorized Denominations: $1,000
Ratings:
The Notes issued under the Program are rated "AA" by Standard & Poor's
Ratings Services, a division of The McGraw Hill Companies, Inc. Allstate
Life anticipates Moody's Investors Service, Inc. to rate the Notes "Aa2" at
the Original Issue Date.
Agent(s) Purchasing Notes as Principal: [ X ] Yes [ ] No. If Yes,
Agent(s) Principal Amount
- --------------------------------------------------------------------------------
Morgan Stanley & Co. Incorporated $96,250,000
UBS Securities LLC $96,250,000
Banc of America Securities LLC $27,500,000
J.P. Morgan Securities Inc. $27,500,000
Lehman Brothers Inc. $27,500,000
------------
Total: $275,000,000
Agent(s) Acting as Agent: [ ] Yes [ X ] No. If Yes,
Agent(s) Principal Amount
- --------------------------------------------------------------------------------
----------------------------------------
Total:
Additional/Other Terms: Not applicable
Special Tax Considerations: Not applicable