3.150% Senior Notes due 2031

Security:  Assured Guaranty US Holdings Inc. 3.150% $500MM Senior Notes due 2031

CUSIP:  04621WAD2

ISIN:  US04621WAD20

Ticker:  AGO/31

Corporate issuer: Assured Guaranty US Holdings Inc. (the "Company")

Guaranteed by: Assured Guaranty Ltd.

Par/denomination: $2,000 and integral multiples of $1,000 in excess thereof

Coupon or dividend rate: $63.00 per $2,000

                                            $31.50 per $1,000

                                            3.150% per annum

Coupon or dividend record date: close of business Jun 1 and Dec 1 preceding the interest payment date

Coupon or dividend payment date: Jun 15 and Dec 15, beginning Dec 15, 2021

Issue date: 05/26/2021

Maturity date: 06/15/2031

Optional redemption:  This Note is redeemable as a whole at any time or in part from time to time, prior to March 15, 2031 (the “Par Call Date”), at the Company’s option, at a redemption price equal to the greater of (i) 100% of the principal amount of this Note to be redeemed; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Note being redeemed (excluding interest accrued to the redemption date) that would be due if this Note matured on the Par Call Date and discounted to the redemption date  on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable treasury rate plus 25 basis points; plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the redemption date.

This Note is redeemable as a whole at any time or from time to time in part on and after the Par Call Date, at the Company’s option, at a redemption price equal to 100% of the principal amount of this Note to be redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the redemption date.

Prospectus (pdf)

Please note information in the prospectus or prospectus supplement is current only as of the date of the document; for more current information, please see Financial Information for Assured Guaranty Ltd. and AGM or AG, as applicable, and Assured Guaranty’s filings with the Securities and Exchange Commission.