Form FWP Athene Holding Ltd Filed by: Athene Holding Ltd

Issuer:

Athene Holding Ltd. (“Issuer”)

At any time and from time to time prior to November 25, 2050, the notes will be redeemable at the Issuer’s option, in whole or in part, for cash, at a redemption price equal to the greater of 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date and the “Make-Whole Redemption Amount” calculated as described in the Preliminary Prospectus Supplement at the rate of T+25 bps, plus accrued and unpaid interest thereon to, but excluding, the redemption date.

At any time and from time to time on or after November 25, 2050, the notes will be redeemable at the Issuer’s option, in whole or in part, for cash, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date.

BofA Securities, Inc.

Goldman Sachs & Co. LLC

RBC Capital Markets, LLC

Wells Fargo Securities, LLC

Academy Securities, Inc.

Barclays Capital Inc.

HSBC Securities (USA) Inc.

Morgan Stanley & Co. LLC

SG Americas Securities, LLC

Samuel A. Ramirez & Company, Inc.

The issuer expects that delivery of the notes will be made to investors on or about May 25, 2021 which will be the third business day following the date of this pricing term sheet (such settlement being referred to as “T+3”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the delivery of the notes hereunder will be required, by virtue of the fact that the notes initially will settle T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes prior to their date of delivery should consult their own advisor.

A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Each of the securities ratings should be evaluated independently of any other security rating.