Filed pursuant to Rule 433

Registration No. 333-181385

October 23, 2013

Final Term Sheet

USD 4,000,000,000 0.625% Global Notes due 2016

Terms:
Issuer:	KfW
Guarantor:	Federal Republic of Germany
Aggregate Principal Amount:	USD 4,000,000,000
Denomination:	USD 1,000
Maturity:	December 15, 2016
Redemption Amount:	100%
Interest Rate:	0.625% per annum, payable semi-annually in arrears
Date of Pricing:	October 23, 2013
Closing Date:	October 30, 2013
Interest Payment Dates:	June 15 and December 15 in each year
First Interest Payment Date:	December 15, 2013 (for interest accrued from, and including, October 30, 2013 to, but excluding, December 15, 2013)
Interest Payable on First Interest Payment Date:	USD 3,125,000 (for aggregate principal amount of USD 4,000,000,000)
Currency of Payments:	USD
Price to Public/Issue Price:	99.689%
Underwriting Commissions:	0.10%
Proceeds to Issuer:	99.589%
Format:	SEC-registered global notes
Listing:	Luxembourg Stock Exchange (regulated market)
Business Day:	New York
Business Day Convention:	Following, unadjusted
Day Count Fraction:	30/360
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 (deliverable through CBL and Euroclear)
ISIN:	US500769FZ20

CUSIP:	500769FZ2
Selling Restrictions:	European Economic Area, UK, Japan, Canada, Hong Kong
Ratings of Issuer:1	AAA by Standard & Poor’s, Aaa by Moody’s Investors Service2 and AAA by Fitch Ratings.
Managers:	HSBC Nomura RBC Capital Markets
Stabilization Manager:	RBC Capital Markets, LLC
Registrar:	Deutsche Bank Trust Company Americas
Paying Agent:	Deutsche Bank Trust Company Americas
Additional Paying Agent:	Deutsche Bank 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/821533/000104746912008093/a2210593z424b3.htm. KfW’s base prospectus relating to the notes is available through the following link:

http://www.sec.gov/Archives/edgar/data/821533/000104746912008091/a2209648z424b3.htm .

Alternatively, RBC Capital Markets will arrange to send you the prospectus, which you may request by calling toll-free +1-866-375-6829.

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.

²  Outlook changed to “negative” on July 25, 2012.