FWP 1 a16-14438_2fwp.htm FINAL TERM SHEET

 

Filed pursuant to Rule 433

Registration No. 333-206499

July 5, 2016

 

 

 

 

 

Final Term Sheet
EUR 1,000,000,000 0.375% Global Bonds due 2026

 

To be fungible and form a single issuance with KfW’s
EUR 4,000,000,000 0.375% Global Bonds due 2026
issued on March 9, 2016

 

Terms:

 

 

 

 

 

Issuer:

 

KfW

 

 

 

Guarantor:

 

Federal Republic of Germany

 

 

 

Aggregate Principal Amount:

 

EUR 1,000,000,000

 

 

 

Denomination:

 

EUR 1,000

 

 

 

Maturity:

 

March 9, 2026

 

 

 

Redemption Amount:

 

100%

 

 

 

Interest Rate:

 

0.375% per annum, payable annually in arrears

 

 

 

Date of Pricing:

 

July 5, 2016

 

 

 

Closing Date:

 

July 12, 2016

 

 

 

Interest Payment Dates:

 

March 9 in each year

 

 

 

First Interest Payment Date:

 

March 9, 2017 (for interest accrued from, and including, March 9, 2016 to, but excluding, March 9, 2017)

 

 

 

Accrued Interest:

 

In the aggregate amount of EUR 1,284,246.58 from, and including, March 9, 2016 to, but excluding, July 12, 2016 (for aggregate principal amount of EUR 1,000,000,000)

 

 

 

Currency of Payments:

 

EUR

 

 

 

Price to Public/Issue Price:

 

103.435%, plus Accrued Interest

 

 

 

Underwriting Commissions:

 

None

 

 

 

Proceeds to Issuer:

 

103.435%, plus Accrued Interest

 

 

 

Format:

 

SEC-registered global bonds

 

 

 

Listing:

 

Frankfurt Stock Exchange (regulated market)

 

 

 

Business Day:

 

Frankfurt

 

 

 

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:

 

CBF (CBL, Euroclear)

 

 

 

Selling Restrictions:

 

European Economic Area, UK, Japan, Canada, Hong Kong

 

 

 

ISIN:

 

DE000A168Y55

 

 

 

Ratings of Issuer:1

 

Aaa by Moody’s Investors Service, AAA by Scope Ratings and AAA by S&P Global Ratings

 

 

 

Lead Managers:

 

BofA Merrill Lynch
Crédit Agricole CIB
DZ BANK AG

 

 

 

Stabilization Manager:

 

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main

 

 

 

Paying Agent:

 

KfW

 

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 bonds is available under the following link: http://www.sec.gov/Archives/edgar/data/821533/000104746915008393/a2225793z424b3.htm. KfW’s base prospectus relating to the bonds is available through the following link: http://www.sec.gov/Archives/edgar/data/821533/000104746915008388/a2225819z424b3.htm. Alternatively, BofA Merrill Lynch will arrange to send you the prospectus, which you may request by calling toll-free +1-800-294-1322.

 

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.