FWP 1 f03565fwp.htm FINAL TERM SHEET fwp
Filed pursuant to Rule 433
Registration No. 333-166911
February 16, 2011
(KFW LOGO)
Final Term Sheet
EUR 5,000,000,000 2.125% Global Bonds due 2014
Terms:
     
Issuer:
  KfW
 
    
Guarantor:
  Federal Republic of Germany
 
    
Aggregate Principal Amount:
  EUR 5,000,000,000 
 
    
Denomination:
  EUR 1,000 
 
    
Maturity:
  April 11, 2014
 
    
Redemption Amount:
  100% 
 
    
Interest Rate:
  2.125% per annum, payable annually in arrears
 
    
Date of Pricing:
  February 16, 2011
 
    
Closing Date:
  February 23, 2011
 
    
Interest Payment Dates:
  April 11 in each year
 
    
First Interest Payment Date:
  April 11, 2011 (for interest accrued from and including February 23, 2011, to but excluding April 11, 2011)
 
    
Interest Payable on First
Interest Payment Date:
  EUR 13,681,506.85 (for aggregate principal amount of EUR 5,000,000,000)
 
    
Currency of Payments:
  EUR to CBF USD to DTC bondholder unless the bondholder elects EUR
 
    
Price to Public/Issue Price:
  99.760% 
 
    
Underwriting Commissions:
  0.10% 
 
    
Proceeds to Issuer:
  99.660% 
 
    
Format:
  SEC registered global notes
 
    
Listing:
  Frankfurt Stock Exchange (regulated market)
 
    
Business Day:
  For payments in EUR: Frankfurt
For payments in USD: Frankfurt and New York
 
    
Business Day Convention:
  Following, unadjusted
 
    
Day Count Fraction:
  Actual/Actual ICMA
 
    
Governing Law /Jurisdiction:
  German Law; District Court Frankfurt am Main
 
    
Gross-Up:
  No gross-up if tax deduction or withholding is imposed
 
    
Cross-Default:
  None
 
    
Clearing System:
  DTC, CBF (CBL, Euroclear)
 
    
Selling Restrictions:
  European Economic Area, UK, Japan, Canada, Hong Kong
 
    
ISIN:
  DE000A1H36U5

 

 

     
Ratings of Issuer:
  AAA by Standard & Poor’s, Aaa by Moody’s Investors Service and AAA by Fitch Ratings.1
 
    
Lead Managers:
  BNP PARIBAS
 
  Citi
 
  Commerzbank
 
    
Co-Lead Managers:
  Banca Akros SpA — Gruppo Bipiemme Banca Popolare di Milano
 
  Crédit Agricole CIB
 
  Credit Suisse
 
  DekaBank
 
  DZ BANK AG
 
  J.P. Morgan
 
  Morgan Stanley
 
  RBC Capital Markets
 
  Société Générale Corporate & Investment Banking
 
  UniCredit Bank
 
    
Stabilization Manager:
  Commerzbank Aktiengesellschaft
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. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. The prospectus supplement relating to the notes is available under the following link: http://www.sec.gov/Archives/edgar/data/821533/000119312510127716/d424b3.htm. KfW’s base prospectus relating to the notes is available through the following link: http://www.sec.gov/Archives/edgar/data/821533/000119312510127661/d424b3.htm. Alternatively, Commerzbank will arrange to send you the prospectus, which you may request by calling toll-free +1-800-233-9164.
 
1   A security rating is not a recommendation to buy, sell or hold securities. Ratings are subject to revision or withdrawal at any time by the assigning rating organization. Each rating should be evaluated independently of any other rating.