Filed pursuant to Rule 433

Registration No. 333-192196

October 7, 2014

Final Term Sheet

USD 1,500,000,000 1.750% Global Notes due 2019 (Green Bond)

Terms:
Issuer:	KfW
Guarantor:	Federal Republic of Germany
Aggregate Principal Amount:	USD 1,500,000,000
Denomination:	USD 1,000
Maturity:	October 15, 2019
Redemption Amount:	100%
Interest Rate:	1.750% per annum, payable semi-annually in arrears
Date of Pricing:	October 7, 2014
Closing Date:	October 15, 2014
Interest Payment Dates:	April 15 and October 15 in each year
Currency of Payments:	USD
Price to Public/Issue Price:	99.743%
Underwriting Commissions:	0.125%
Proceeds to Issuer:	99.618%
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:	US500769GF56
CUSIP:	500769GF5

Selling Restrictions:	European Economic Area, UK, Japan, Canada, Hong Kong
Ratings of Issuer:1	AAA by Standard & Poor’s, Aaa by Moody’s Investors Service and AAA by Fitch Ratings.
Managers:	BofA Merrill Lynch Citigroup Morgan Stanley
Stabilization Manager:	Morgan Stanley & Co. International plc
Registrar:	The Bank of New York Mellon (Luxembourg) S.A.
Paying Agent:	The Bank of New York Mellon
Additional Paying Agent:	The Bank of New York Mellon, Filliale Frankfurt am Main
Use of Proceeds:	The net proceeds from the sale of the notes will be used in the general business of the Issuer. However, upon issuance, the Issuer will simultaneously allocate an amount equal to the net proceeds of the notes (which proceeds may be converted into Euros) to an internal account designated for “green bond” issuances. Amounts matching requests for disbursements under KfW’s environmental investment program, “KfW-Programm Erneuerbare Energien Standard” (“KfW Renewable Energies Programme – Standard”) will be deducted from the portion of the balance of this internal account relating to the notes on an ongoing basis, starting with the beginning of the calendar year in which the notes are issued and continuing until the portion of the balance relating to the notes has been completely reduced. KfW’s financing program “KfW Renewable Energies Programme – Standard” aims to promote in particular the development of electricity from solar energy (photovoltaic) and wind energy. The common objective of all projects financed under this program is the reduction of greenhouse gas emissions.

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/821533/000119312513445198/d624309d424b3.htm . KfW’s base prospectus relating to the notes is available through the following link:

http://www.sec.gov/Archives/edgar/data/821533/000119312513445094/d624297d424b3.htm .

Alternatively, Morgan Stanley will arrange to send you the prospectus, which you may request by calling toll-free +1-866-718-1649.

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.