FWP 1 v354838_fwp.htm FORM FWP

 

Filed pursuant to Rule 433

Registration Statement No. 333-190198

Relating to Preliminary Prospectus Supplement dated

September 10, 2013

 

 

 

 

FINAL TERMS AND CONDITIONS AS OF SEPTEMBER 11, 2013 OF

ECOPETROL S.A. 4.250% NOTES DUE 2018,  

ECOPETROL S.A. 5.875% NOTES DUE 2023 AND 

ECOPETROL S.A. 7.375% NOTES DUE 2043

 

 

ISSUER:   Ecopetrol S.A.
     
SECURITY:   4.250% Notes Due 2018   5.875% Notes Due 2023   7.375% Notes Due 2043
             
RANKING:   Senior, unsecured and unsubordinated obligations of the Issuer, ranking pari passu, without any preferences among themselves, with all of its other present and future unsecured and unsubordinated obligations that constitute its External Indebtedness (as defined in the prospectus).
     
PRINCIPAL AMOUNT:   $350,000,000   $1,300,000,000   $850,000,000
             
MATURITY:   September 18, 2018   September 18, 2023   September 18, 2043
             
ISSUE PRICE:   99.559%   99.033%   99.474%
             
INTEREST PAYMENT DATES:   March 18 and September 18, commencing on March 18, 2014   March 18 and September 18, commencing on March 18, 2014   March 18 and September 18, commencing on March 18, 2014
             
COUPON RATE:   4.250%   5.875%   7.375%
             
BENCHMARK TREASURY:   UST 1.500% due August 31, 2018   UST 2.500% due August 15, 2023   UST 2.875% due May 15, 2043
             
BENCHMARK TREASURY SPOT AND YIELD:   98-26.25, 1.749%   96-03.50, 2.955%   81-25.00, 3.919%
             
SPREAD TO BENCHMARK TREASURY:   UST+260 bps   UST+305 bps   UST+350 bps
             
YIELD:   4.349%   6.005%   7.419%

 

 
 

  

PRICING DATE:   September 11, 2013
     
MAKE-WHOLE CALL:   40 basis points   45 basis points   50 basis points
             
EXPECTED SETTLEMENT DATE:   September 18, 2013, T+5
     
NET PROCEEDS BEFORE EXPENSES:   $347,406,500   $1,283,529,000   $842,979,000
             
RATINGS:   Moodys: Baa2
S&P: BBB
Fitch: BBB-
  Moodys: Baa2
S&P: BBB
Fitch: BBB-
  Moodys: Baa2
S&P: BBB
Fitch: BBB-
             
CUSIP/ISIN:   CUSIP: 279158 AD1
ISIN: US279158AD13
  CUSIP: 279158 AC3
ISIN: US279158AC30
  CUSIP: 279158 AE9
ISIN: US279158AE95
             
CLEARING:   DTC
     
JOINT BOOK-RUNNING MANAGERS:   Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. LLC
     
MINIMUM DENOMINATION:   $1,000 and integral multiples of $1,000 in excess thereof
     
GOVERNING LAW:   New York
     
FORMAT:   Registered
     
DAY COUNT:   360/30
     
OPTIONAL REDEMPTION PROVISIONS:   At any time or from time to time, in whole or in part, at the Issuer’s option at a make-whole premium based on Treasury Rate plus 40 basis points.   At any time or from time to time, in whole or in part, at the Issuer’s option at a make-whole premium based on Treasury Rate plus 45 basis points.   At any time or from time to time, in whole or in part, at the Issuer’s option at a make-whole premium based on Treasury Rate plus 50 basis points.
             
WITHHOLDING TAX REDEMPTION PROVISIONS:   At any time at the Issuer’s option if the Issuer becomes obligated to pay additional amounts under the 2018 notes, in whole but not in part, at par.   At any time at the Issuer’s option if the Issuer becomes obligated to pay additional amounts under the 2023 notes, in whole but not in part, at par.   At any time at the Issuer’s option if the Issuer becomes obligated to pay additional amounts under the 2043 notes, in whole but not in part, at par.

  

 
 

 

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

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 that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering, including the Issuer’s current report on Form 6-K filed with the SEC on September 11, 2013 and accessible via the following link http://www.sec.gov/Archives/edgar/data/1444406/000114420413050112/v354820_6k.htm. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Underwriters can arrange to send you the prospectus if you request it by calling or e-mailing Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or Morgan Stanley & Co. LLC at 1-866-718-1649.