0000070502-12-000047.txt : 20120127 0000070502-12-000047.hdr.sgml : 20120127 20120126180252 ACCESSION NUMBER: 0000070502-12-000047 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120127 DATE AS OF CHANGE: 20120126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ CENTRAL INDEX KEY: 0000070502 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 520891669 STATE OF INCORPORATION: DC FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-169453 FILM NUMBER: 12548672 BUSINESS ADDRESS: STREET 1: 20701 COOPERATIVE WAY CITY: DULLES STATE: VA ZIP: 20166-6691 BUSINESS PHONE: 7034671800 MAIL ADDRESS: STREET 1: 20701 COOPERATIVE WAY CITY: DULLES STATE: VA ZIP: 20166-6691 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ CENTRAL INDEX KEY: 0000070502 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 520891669 STATE OF INCORPORATION: DC FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 20701 COOPERATIVE WAY CITY: DULLES STATE: VA ZIP: 20166-6691 BUSINESS PHONE: 7034671800 MAIL ADDRESS: STREET 1: 20701 COOPERATIVE WAY CITY: DULLES STATE: VA ZIP: 20166-6691 FWP 1 jan12_fwp10yr.htm JANUARY 2012 FWP 10-YEAR jan12_fwp10yr.htm
Filed Pursuant to Rule 433
Registration No. 333-169453
 
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORPORATION
TEN YEAR COLLATERAL TRUST BOND TERM SHEET
     
Issuer:
  
National Rural Utilities Cooperative Finance Corporation
     
Issue Ratings:
  
A1 (stable) / A+ (stable) (Moody’s / S&P)
     
Principal Amount:
  
$400,000,000
     
Security Type:
  
Collateral Trust Bonds
     
Legal Format:
  
SEC Registered
     
Pricing Date:
  
January 26, 2012
     
Settlement Date:
  
February 2, 2012 (T+5)
     
Maturity Date:
  
February 15, 2022
     
Coupon:
  
3.05%
     
Price to Public:
  
    99.656%
     
Benchmark Treasury:
  
2.00% due November 15, 2021
     
Benchmark Treasury Yield:
  
1.94%
     
Spread to Benchmark Treasury:
  
+115 basis points
     
Yield to Maturity:
  
3.09%
     
Interest Payment Dates:
  
Semi-annually on February 15 and August 15, commencing August 15 , 2012
     
Optional Redemption:
  
Prior to November 15, 2021, the bonds will be redeemable, in whole at any time or in part from time to time, at a redemption price equal to the greater of 100% of the principal amount of the bonds being redeemed or the sum of the present values of the remaining scheduled payments of principal and interest discounted on a semiannual basis at the Treasury Rate, plus 20 basis points. On or after November 15, 2021, the bonds will be redeemable, in whole or in part, at a redemption price equal to 100% of the principal amount of the bonds then outstanding to be redeemed plus accrued and unpaid interest to the redemption date.
     
Denominations:
  
$2,000 x $1,000
     
CUSIP:
  
637432 MQ5
     
Joint Book-Running Managers:
  
  KeyBanc Capital Markets Inc.
   
  Mitsubishi UFJ Securities (USA), Inc.
   
  RBC Capital Markets, LLC
   
  RBS Securities Inc.
   
  J.P. Morgan Securities LLC
     
Senior Co-Managers:
  
  Mizuho Securities USA Inc.
   
  PNC Capital Markets LLC
   
  U.S. Bancorp Investments, Inc.
     

 
 
 
 
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 U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering 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 searching the SEC online database (EDGAR®) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from KeyBanc Capital Markets Inc. by calling toll-free at 1-866-227-6479, Mitsubishi UFJ Securities (USA), Inc. by calling collect at 1-877-649-6848, RBC Capital Markets, LLC by calling toll-free at 1-866-375-6829, RBS Securities Inc. by calling toll-free at 1-866-884-2071 and J.P. Morgan Securities LLC by calling collect at (212) 834-4533.