FWP 1 f01577fwp.htm FINAL TERM SHEET fwp
 

Filed pursuant to Rule 433
Registration No. 333-139448
March 20, 2007
(KFW LOGO)
Final Term Sheet
EUR 5,000,000,000 3.875% Global Bonds due 2010
     
Terms:    
Issuer:
   KfW
 
    
Guarantor:
   Federal Republic of Germany
 
    
Aggregate Principal Amount:
   EUR 5,000,000,000
 
    
Denomination:
   EUR 1,000
 
    
Maturity:
   April 9, 2010
 
    
Redemption Amount:
   100%
 
    
Interest Rate:
   3.875% per annum, payable annually in arrears
 
    
Date of Pricing:
   March 20, 2007
 
    
Closing Date:
   March 27, 2007
 
    
Interest Payment Dates:
   April 9 in each year
 
    
First Interest Payment Date:
   April 9, 2008
 
    
Interest Payable on First
    
Payment Date:
   EUR 200,650,684.93
 
    
Original Issue Discount:
   Bonds issued with Original Issue Discount
 
    
Currency of Payments:
   EUR to CBF
 
   USD to DTC bondholder unless the bondholder elects EUR
 
    
Price to Public/Issue Price:
   99.672%
 
    
Underwriting Commissions:
   0.075%
 
    
Proceeds to Issuer:
   99.597%
 
    
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
 
    
CUSIP:
   500769CB8
 
    
ISIN:
   DE000A0NKXX4
 
    
Ratings of Issuer:
   AAA by Standard & Poor’s Rating Services, Aaa by Moody’s Investor
 
   Services Limited and AAA by Fitch Ratings Limited.1
 
    
 
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.

 

 

     
Lead Managers:
   BNP Paribas
 
   Citigroup Global Markets Limited
 
   Credit Suisse Securities (Europe) Limited
 
    
Co-Lead Managers:
   ABN AMRO Bank N.V.
 
   Barclays Bank PLC
 
   Bayerische Hypo- und Vereinsbank AG
 
   Deutsche Bank AG, London Branch
 
   Dresdner Bank Aktiengesellschaft
 
   DZ BANK AG, Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
 
   Goldman Sachs International
 
   J.P. Morgan Securities Ltd.
 
   Morgan Stanley & Co. International Limited
 
   Nomura International plc
 
   The Royal Bank of Scotland plc
 
   UBS Limited
 
    
Stabilization Manager:
   Credit Suisse Securities (Europe) Limited
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. (Certain information on the notes is available under the following link:
Alternatively, any manager participating in the offering will arrange to send you the prospectus, which you may request by calling toll-free 1-800-221-1037.