0001193125-21-293658.txt : 20211007 0001193125-21-293658.hdr.sgml : 20211007 20211007061116 ACCESSION NUMBER: 0001193125-21-293658 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211007 DATE AS OF CHANGE: 20211007 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC OF KOREA CENTRAL INDEX KEY: 0000873465 STANDARD INDUSTRIAL CLASSIFICATION: FOREIGN GOVERNMENTS [8888] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-257908 FILM NUMBER: 211311019 BUSINESS ADDRESS: STREET 1: 88 KWANMOON-RO STREET 2: KWACHUN-SHI, KYUNGGI-DO CITY: REPUBLIC OF KOREA STATE: M5 ZIP: 427725 BUSINESS PHONE: 8225039267 MAIL ADDRESS: STREET 1: 88 KWANMOON-RO STREET 2: KWACHUN-SHI, KYUNGGI-DO CITY: REPUBLIC OF KOREA STATE: M5 ZIP: 427725 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC OF KOREA CENTRAL INDEX KEY: 0000873465 STANDARD INDUSTRIAL CLASSIFICATION: FOREIGN GOVERNMENTS [8888] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 88 KWANMOON-RO STREET 2: KWACHUN-SHI, KYUNGGI-DO CITY: REPUBLIC OF KOREA STATE: M5 ZIP: 427725 BUSINESS PHONE: 8225039267 MAIL ADDRESS: STREET 1: 88 KWANMOON-RO STREET 2: KWACHUN-SHI, KYUNGGI-DO CITY: REPUBLIC OF KOREA STATE: M5 ZIP: 427725 FWP 1 d197329dfwp.htm FREE WRITING PROSPECTUS FREE WRITING PROSPECTUS

Filed Pursuant to Rule 433

Registration No. 333-257908

The Republic of Korea

US$500,000,000 1.750% Notes due 2031

October 6, 2021

Final Term Sheet for US$500,000,000 1.750% Notes due 2031 (the “U.S. dollar-denominated Notes”)

 

Issuer

   

The Republic of Korea

Issue Currency    U.S. Dollars
Issue Size    US$500,000,000
Issue Date    October 15, 2021
Maturity Date    October 15, 2031
Settlement Date    On or about October 15, 2021, which will be the sixth business day following the date of this final term sheet. Because the U.S. dollar-denominated Notes will initially settle in T+6, if you wish to trade the U.S. dollar-denominated Notes on any day prior to the second business day from the settlement date, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement.
Interest Rate    1.750% per annum (payable semi-annually)
Day Count Convention    Interest on the U.S. dollar-denominated Notes will be computed on the basis of a 360-day year of twelve 30-day months.
Interest Payment Dates   

April 15 and October 15 of each year, starting April 15, 2022

Interest on the U.S. dollar-denominated Notes will accrue from October 15, 2021.

Business Center    In any case where the due date for the payment of the principal of or interest on the U.S. dollar-denominated Notes will be, at any place from which any check for such payment is to be mailed or where such U.S. dollar-denominated Note is to be surrendered for payment or, in the case of payments by transfer, where such transfer is to be made, a day on which banking institutions in New York City are authorized or obligated by law to close, then such payment need not be made on such date at such place but may be made on the next succeeding day at such place which is not a day on which banking institutions are authorized or obligated by law to close, with the same force and effect as if made on the date for such payment, and no interest shall be payable in respect of any such delay.
Public Offering Price    99.827%
Gross Proceeds    US$499,135,000
Underwriting Discounts    0.150%
Net Proceeds (before expenses)    US$498,385,000
Listing    Approval in-principle has been received from the Singapore Exchange Securities Trading Limited for the listing and quotation of the U.S. dollar-denominated Notes on the Singapore Exchange Securities Trading Limited.
Joint Bookrunners    BofA Securities, Inc., Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC and The Korea Development Bank
ISIN    US50064FAU84
CUSIP    50064F AU8

This final term sheet should be read in conjunction with the prospectus dated July 28, 2021, as supplemented by the preliminary prospectus supplement dated October 4, 2021 (together, the “Preliminary Prospectus”), relating to the U.S. dollar-denominated Notes. Capitalized terms used but not defined herein have the meanings given to them in the Preliminary Prospectus.

The Issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission 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 U.S. Securities and Exchange Commission for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the U.S. Securities and Exchange Commission at www.sec.gov. Alternatively, the Issuer, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Market Inc. at +1-877-858-5407.

The most recent prospectus can be accessed through the following link:

https://www.sec.gov/Archives/edgar/data/0000873465/000119312521290292/d197329d424b5.htm