Filed Pursuant to Rule 433

Registration No. 333-196690

October 30, 2014

Relating to Preliminary Prospectus Supplement

Dated October 30, 2014

to Prospectus

Dated July 22, 2014

Issuer Free Writing Prospectus

Republic of Peru’s U.S$ 500,000,000 5.625% U.S. Dollar-Denominated Global Bonds due 2050

Final terms and conditions as of October 30, 2014

Issuer	Republic of Peru
Issue Type	SEC Global Registered
Joint Lead Managers and Joint Bookrunners	BBVA Securities Inc. Merrill, Lynch, Pierce, Fenner & Smith                       Incorporated Morgan Stanley & Co. LLC
Issue Amount	U.S$ 500,000,000.00 The bonds will be a further issuance of, and will be consolidated and form a single series with, Peru’s outstanding 5.625% U.S. Dollar-Denominated Global Bonds due 2050 issued in an aggregate principal amount of U.S.$1,000,000,000 on November 18, 2010, and a subsequent issue by way of a reopening of U.S.$500,000,000 issued on February 1, 2012.
Issue Price	112.208%, plus accrued interest from May 18, 2014
Settlement Date	November 7, 2014 (T+6)
Denominations	U.S.$1,000 x U.S.$1,000
Maturity	November 18, 2050
Coupon	5.625% per year
Interest Payment Dates	May 18 and November 18 of each year, beginning on November 18, 2014
Benchmark Instrument	3.375% U.S. Treasury due May 15, 2044
Offer Spread	185 bps
Yield to Maturity	4.900%
Gross Proceeds to Issuer	U.S.$574,243,125 (including accrued interest of U.S.$ 13,203,125)
Interest Rate Basis	30/360

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Governing Law	New York
Clearing	DTC / Euroclear / Clearstream
ISIN	US 715638BM30
CUSIP	715638BM3
Listing and Trading	Application will be made to admit the bonds for listing on the Official List of the Luxembourg Stock Exchange and for trading on the Euro MTF Market.

Through and including December 9^th, 2014 (the 40th day after the date of the prospectus supplement), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus and prospectus supplement. This is in addition to a dealer’s obligation to deliver a prospectus and prospectus supplement when acting as an underwriter and with respect to an unsold allotment or subscription.

The following additional information of the Republic of Peru and regarding the securities is available from the Securities and Exchange Commission’s (“SEC”) website and also accompanies this free-writing prospectus:

Preliminary Prospectus Supplement Dated October 30, 2014 to Prospectus Dated July  22, 2014

http://www.sec.gov/Archives/edgar/data/77694/000119312514389769/d813311d424b2.htm

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and related 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 Web site at www.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you the prospectus if you request it by calling:

BBVA Securities Inc.: +212-728-2446

Merrill Lynch, Pierce, Fenner & Smith Incorporated: +1-800-294-1322

Morgan Stanley & Co. LLC: +1-866-846-2874

ANY DISCLAIMER OR OTHER NOTICE THAT MAY APPEAR BELOW IS NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMER OR OTHER NOTICE WAS AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

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