PRICING SUPPLEMENT
Filed pursuant to Rule 424(b)(2)
Registration Statement No. 333-112249 and 333-112249-01
Pricing Supplement No. 10 Dated February 22, 2005
(To Prospectus dated April 27, 2004, and
Prospectus Supplement dated
April 27, 2004)
CUSIP: 02003MAK0
ISIN: US02003MAK09
Allstate Life Global Funding
Secured Medium Term Notes
Issued Through
Allstate Life Global Funding Trust 2005-4 (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: $500,000,000 Agent(s) Discount: 0.35%
Issue Price: 99.578% Original Issue Date: February 28, 2005
Net Proceeds to the Trust: $496,140,000 Stated Maturity Date: February 26, 2010
Funding Agreement Number(s): FA-41081
Specified Currency: U.S. Dollars
Interest Payment Dates: February 26 and August 26 in each year.
Initial Interest Payment Date: August 26, 2005
Regular Record Dates: 15 calendar days prior to each Interest Payment Date
Type of Interest Rate: [ v ] Fixed Rate [ ] Floating Rate
Fixed Rate Notes: [ v ] Yes [ ] No. If, Yes,
Interest Rate: 4.25%
Floating Rate Notes: [ ] Yes [ v ] 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):
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:
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[ ] 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 [ v ] No. If, Yes,
Amortizing Schedule:
Additional/Other Terms:
Discount Note: [ ] Yes [ v ] No. If, Yes,
Total Amount of Discount:
Initial Accrual Period of Discount:
Additional/Other Terms:
Redemption Provisions: [ ] Yes [ v ] 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 [ v ] No. If, Yes,
Repayment Date(s):
Repayment Price:
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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 [ v ] 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: [ v ] Yes [ ] No. If Yes,
Agent(s) Principal Amount
- -------------------------------------------------------- --------------------------------------------
Merrill Lynch, Pierce, Fenner & Smith Incorporated $180,000,000
Banc of America Securities LLC $90,000,000
J.P. Morgan Securities Inc. $90,000,000
Deutsche Bank Securities Inc. $40,000,000
Lehman Brothers Inc. $40,000,000
Barclays Capital Inc. $10,000,000
Credit Suisse First Boston LLC $10,000,000
Goldman, Sachs & Co. $10,000,000
Greenwich Capital Markets, Inc. $10,000,000
Morgan Stanley & Co. Incorporated $10,000,000
UBS Securities LLC $10,000,000
-------------
Total: $500,000,000
=============
Agent(s) Acting as Agent: [ ] Yes [ v ] No. If Yes,
Agent(s) Principal Amount
- -------------------------------------------------------- --------------------------------------------
Total:
--------------------------------------------
Additional/Other Terms: Merrill Lynch, Pierce, Fenner & Smith Incorporated has
agreed to reimburse Allstate Life Insurance Company for certain costs and
expenses relating to the offering, sale and issuance of the Notes.
Special Tax Considerations: Not applicable
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