PRICING SUPPLEMENT	Filed pursuant to Rule 424(b)(3)
(To Prospectus Supplement dated April 2, 2009	Registration No. 333-158277
and Prospectus dated April 2, 2009)

KfW, Frankfurt/Main, Federal Republic of Germany

U.S.$50,000,000 1.125% Callable Notes Due February 24, 2012
CUSIP: 48245ACB5
ISIN: US48245ACB52

          Investing in the Notes involves certain risks that are described in the “Risk Factors” section in the Prospectus Supplement.

		Discounts and		Proceeds, before
	Price to Public(1)	Commissions		expenses to KfW
Per Note	100%		–	100%
Total	U.S.$50,000,000		–	U.S.$50,000,000

(1) Plus accrued interest, if any, from the Interest Commencement Date specified below, if the notes are delivered after that date.

          The Dealer named below expects to deliver the notes to investors on or about February 24, 2010.

          Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined whether this pricing supplement or the related prospectus supplement or prospectus is truthful or complete. Any representation to the contrary is a criminal offence.

BOFA MERRILL LYNCH

FEBRUARY 8, 2010

ABOUT THIS PRICING SUPPLEMENT

          This pricing supplement supplements the accompanying prospectus supplement dated April 2, 2009 relating to KfW’s Medium-Term Note Program and the accompanying prospectus dated April 2, 2009 relating to KfW’s debt securities. If the information in this pricing supplement differs from the information contained in the prospectus supplement or the prospectus, you should rely on the information in this pricing supplement.

          You should read this pricing supplement along with the accompanying prospectus supplement and prospectus. All three documents contain information you should consider when making your investment decision. You should rely only on the information provided or incorporated by reference in this pricing supplement, the prospectus and the prospectus supplement. We have not authorized anyone else to provide you with different information. KfW and the dealers are offering to sell the notes and seeking offers to buy the notes only in jurisdictions where it is lawful to do so. The information contained in this pricing supplement, the accompanying prospectus supplement and prospectus is current only as of this date, and information incorporated by reference is current only as of the date of such information.

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SPECIFIC TERMS

Issuer: KfW	Title of Securities: U.S.$50,000,000 1.125% Callable Notes Due February 24, 2012
Aggregate Principal Amount: U.S.$50,000,000	Interest Rate: 1.125% per annum
Original Issue Date: February 24, 2010	Maturity Date: February 24, 2012
Interest Commencement Date: February 24, 2010	Final Redemption Price: 100%

Payments:

First Interest Payment Date: August 24, 2010

Interest Payment Date(s): Semi-annually in arrears on February 24 and August 24 in each calendar year, from and including August 24, 2010 up to and including February 24, 2012

Redemption:     þ Yes          o No

Redemption Commencement Date (as provided in para. 3 of §7 of the Conditions): N/A
Redemption Date(s) (as provided in para. 2 of §7 of the Conditions): August 24, 2010
Minimum Redemption Notice Period: 10 Business Days
Redemption Price (expressed as a percentage of the Aggregate Principal Amount to be redeemed):
100%

Repayment:     o Yes          þ No

Repayment Date(s):                     
Minimum Repayment Notice Period:                     
Repayment Price (expressed as a percentage of the Aggregate Principal Amount to be repaid):                     

Specified Currency: U.S. dollars for all payments unless otherwise specified below:

Payments of principal and any premium:                     
Payments of interest:                     
Authorized Denomination: U.S.$1,000
Exchange Rate Agent: N/A

Original Issue Discount Note          (“OID”):        o Yes          þ No

Total Amount of OID:                     
Yield to Maturity:                     
Initial Accrual Period OID:                     

Day Count Fraction: 30/360 (as provided in para. 2 of §3 of the Conditions)

Business Day Convention:

          Following Business Day Convention; no adjustment of interest (as provided in para. “Payments due on a Business Day” of §5 of the Conditions)

Other Terms of Notes:     N/A

Terms left blank or marked “N/A,” “No,” “None” or in a similar manner shall not apply to the issue of Notes except as may otherwise be specified.

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