FWP 1 d16734dfwp.htm FINAL TERM SHEET Final Term Sheet

Filed pursuant to Rule 433

Registration No. 333-192196

October 20, 2015

 

LOGO

Final Term Sheet

USD 4,000,000,000 1.125% Global Notes due 2018

 

Terms:   

Issuer:

    KfW

Guarantor:

    Federal Republic of Germany

Aggregate Principal Amount:

    USD 4,000,000,000

Denomination:

    USD 1,000

Maturity:

    November 16, 2018

Redemption Amount:

    100%

Interest Rate:

    1.125% per annum, payable semi-annually in arrears

Date of Pricing:

    October 20, 2015

Closing Date:

    October 27, 2015

Interest Payment Dates:

    May 16 and November 16 in each year

First Interest Payment Date:

    May 16, 2016 (for interest accrued from, and including, October 27, 2015 to, but excluding, May 16, 2016)
Interest Payable on First Interest Payment Date:    USD 24,875,000.00 (for aggregate principal amount of USD 4,000,000,000)

Currency of Payments:

    USD

Price to Public/Issue Price:

    99.865%

Underwriting Commissions:

    0.100%

Proceeds to Issuer:

    99.765%

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:

    US500769GT50

CUSIP:

    500769GT5
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

BNP PARIBAS

Goldman Sachs International

Stabilization Manager:

    Merrill Lynch International

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/821533/000119312513445198/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, BofA Merrill Lynch will arrange to send you the prospectus, which you may request by calling toll-free: +1-800-294-1322.

 

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.