Obbligazione IBRD-Global 0% ( XS0339581612 ) in EUR

Emittente IBRD-Global
Prezzo di mercato 100 EUR  ▲ 
Paese  Stati Uniti
Codice isin  XS0339581612 ( in EUR )
Tasso d'interesse 0%
Scadenza 24/02/2014 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione IBRD XS0339581612 in EUR 0%, scaduta


Importo minimo /
Importo totale 27 500 000 EUR
Descrizione dettagliata La Banca Internazionale per la Ricostruzione e lo Sviluppo (IBRD), parte del Gruppo Banca Mondiale, fornisce prestiti a tassi agevolati a paesi a medio reddito per progetti di sviluppo.

The Obbligazione issued by IBRD-Global ( United States ) , in EUR, with the ISIN code XS0339581612, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 24/02/2014







Pricing Supplement
International Bank for Reconstruction and Development
Global Debt Issuance Facility
No. 3540
EUR 27,500,000 World Bank Eco Plus Note due 2014
ABN AMRO Bank N.V.
The date of this Pricing Supplement is 14 February 2008


This document ("Pricing Supplement") is issued to give details of an issue by International Bank for
Reconstruction and Development (the "Bank") under its Global Debt Issuance Facility.
This Pricing Supplement supplements the terms and conditions in, and incorporates by reference, the
Prospectus dated October 7, 1997 and all documents incorporated by reference therein (the
"Prospectus"), and should be read in conjunction with the Prospectus. Unless otherwise defined in this
Pricing Supplement, terms used herein have the same meaning as in the Prospectus.
Terms and Conditions
The following items under this heading "Terms and Conditions" are the particular terms which relate to
the issue the subject of this Pricing Supplement. These are the only terms which form part of the form
of Notes for such issue:
1.
No:
3540
2.
Aggregate Principal Amount:
EUR 27,500,000 and the Principal Amount
being EUR 100.
3.
Issue Price:
102%.
4.
Issue Date:
21 February 2008.
5.
Form of Notes (Condition 1(a)):
Bearer Notes only.
6.
Authorised Denominations (Condition 1(b)):
EUR 100.
7.
Specified Currency (Condition 1(d)):
Euro ("EUR ").
8.
Specified Principal Payment Currency
EUR.
(Conditions 1(d) and 7(i)):
9.
Specified Interest Payment Currency
EUR.
(Conditions 1(d) and 7(i)):
10.
Maturity Date:
The later of 24 February 2014 and the 6 th
Relevant Business Day following the Final
Valuation Date (as defined below under
14(g)).
11.
Redemption Month (Condition 6 a):
February 2014.
12.
Interest Basis (Condition 5):
Variable Interest Rate (see paragraph 14
below).
13.
Interest Commencement Date (Condition
21 February 2008.
5(III)):
14.
Variable Interest Rate (Condition 5(II)):
Notwithstanding the provisions of Condition
5(II)(b) the Interest Rate for the relevant
Interest Period, shall be determined by the
Calculation Agent as soon as practicable on
the relevant Interest Determination Date in
accordance with the Formula set out in term
14(g) below.
(a) Calculation Amount:
EUR 100.
(b)Business Day Convention
Unadjusted.
2


(c) Interest Period:
The period from and including 14 February in
one year to and excluding 14 February in the
next. For the avoidance of doubt, the first
Interest Period will be from and including the
Interest Commencement Date, to but
excluding 14 February 2009 and the last
Interest Period will be from and including 14
February 2013 to but excluding 14 February
2014.
(d) Interest Payment Dates:
6 Relevant Business Days following the
relevant Valuation Date (as defined below
under 14(g)).
(e) Calculation Agent:
ABN AMRO Bank N.V., London Branch.
(f) Interest Determination Date:
Annually on each Valuation Date (as defined
below under 14(g)).
(g) Formula:
min( 10%

ma

x( 3%

R t
e urn + rese

rve
t
t )
)
Whereby:
(i) "t" means Valuation Date t = 1...6
(ii) "i" means:: Monthly Observation Date i = 1...72
(iii) "Io" means: the closing level of the Index on 14 February 2008
(iv) "Ii" means: the closing level of the Index on a Monthly Observation Date I
=
i 1 ´
2 t
æ
é I
ö
ù
(v) R
" t
e urn m
" eans
:
min Cap Max
,
1 floor
t
å
ç
i -
÷
ç
ê
÷
ú
=
i 1 ´
2 ( -
t )
1 +

1
ë I -
è
i 1
ø
û
(vi) " R
e serve " means m
: i (
n return , )
0
t
t 1
-
(vii) "Return0" means: 0
(viii) "Valuation Date t" means: the 14 th February of each year, or if such date is not
a Relevant Business Date the next following Relevant Business Date (which is
expected to be 16 February 2009, 15 February 2010, 14 February 2011, 14 February
2012, and 14 February 2013, respectively), and the Final Valuation Date
(ix) "Final Valuation Date" means: 14 February 2014 or if such date is not a Relevant
Business Date the next following Relevant Business
(x) "Monthly Observation Date i" means: the 14 th day of each month or if such date is
not a Relevant Business Date the next following Relevant Business, the first Monthly
Observation Date being 14 March 2008 or if such date is not a Relevant Business
Date the next following Relevant Business
3


(xi) "Cap" means: 2%
(xii) "Floor" means: 10% and
(xiii) "Index" means: subject to term 28 below, the ABN AMRO Eco Price Return
Index as calculated and published on any Relevant Business Day by Standard & Poors
(or such other person responsible for calculating the Index as replaced or substituted,
from time to time in accordance with the Index methodology, the "Index Calculator")
on behalf of ABN AMRO N.V. (the "Index Sponsor"). The first publication of the
closing level of the Index by the Index Calculator for a given Valuation Date shall be
final. Any corrections or revisions shall be disregarded.
15.
Other Variable Interest Rate Terms
(Conditions 5(II) and (III):
(a) Minimum Interest Rate
3%.
(b)Maximum Interest Rate:
10%.
(c) Spread:
Not applicable.
(d)Spread Multiplier:
Not applicable.
(e) Variable Rate Day Count Fraction:
Not applicable.
(f) Relevant Banking Centre:
London.
16.
Relevant Financial Centre:
London, TARGET.
17.
Relevant Business Days:
London, TARGET, New York.
18.
Redemption Amount (Condition 6(a)):
Principal Amount.
19.
Issuer's Optional Redemption (Condition
No.
6(e)):
20.
Redemption at the option of the Noteholders
No.
(Condition 6(f)):
21.
Long Maturity Note (Condition 7(f)):
No.
22.
Unmatured Coupons Void:
No.
23.
Talons for future coupons to be attached to
No.
the Definitive Bearer Notes (Condition 7(h)):
24.
Prescription (Condition 8):
(a)
Principal:
10 years.
(b)
Interest:
5 years.
25.
Early Redemption Amount (Condition 9):
The Principal Amount plus accrued interest
to, but excluding, the redemption date,
payable in EUR.
26.
Governing Law of the Notes:
English.
27.
Agents:
In relation to these Notes only, ABN AMRO
Bank N.V. will act as Calculation Agent and
Citibank N.A. London Branch will act as
Global Agent and Paying Agent.
4


28.
Additional Provisions Relating to the Index:
General
A detailed description of the Index can be
found on www.abnamromarkets.be and
www.abnamromarkets.com. General
information on the Index is provided in Annex
2 to this Pricing Supplement, and is being
provided for informational purposes only.
The Bank makes no representation or
warranty, whether express or implied, as to
the completeness or accuracy of such
information.
ABN AMRO Bank N.V. ("ABN AMRO")
has developed, maintained and is responsible
for the methodology that is employed in
connection with the Index. Standard and
Poor's ("S&P") has provided consulting
services to ABN AMRO and performs
calculations and data distribution in
connection with the Index. Vigeo SAS
("Vigeo") exclusively measures the
performance of Index components with
respect to sustainable development and social
responsibility and conducts audits on the
Index components. International Bank for
Reconstruction and Development (together
with its affiliates "World Bank") makes no
representation, warranty or assurance of any
kind, express or implied, as to the accuracy or
completeness of the Index, any data included
therein, any data from which it is based, or
any services provided by ABN AMRO, S&P
or Vigeo in connection with the Index. World
Bank accepts no obligation to update or
correct the Index or any data or services
relating to the Index. No act or omission of
ABN AMRO, Vigeo, S&P or any of their
directors, officers, employees or agents in
relation to the Index or any data or services
relating to the Index shall constitute, or be
deemed to constitute, a representation,
warranty or undertaking of or by World
Bank. World Bank shall have no liability for
any errors, omissions, or interruptions in the
Index. World Bank makes no warranty,
express or implied, as to results to be
obtained from the use of the Index. Without
limiting any of the foregoing, in no event shall
World Bank have any liability for any
special, punitive, indirect, or consequential
damages (including lost profits), even if
5


notified of the possibility of such damages,
resulting from any action, omission, data or
services provided by ABN AMRO, S&P or
Vigeo in connection with the Index.
Adjustments to Index
(a) Notification: The Bank shall as soon as
reasonably practicable give instructions to the
Global Agent to notify the holders of Notes:
(i) if the Calculation Agent determines that an
Index Adjustment Event (as defined below)
has occurred and (ii) of the Calculation
Agent's determination as to the consequence
of such Index Adjustment Event.
(b) If, in respect of the Notes, the Index is (i)
not calculated and announced by the Index
Calculator but is calculated and announced
by a successor calculator acceptable to the
Calculation Agent, or (ii) replaced by a
successor index using, in the determination of
the Calculation Agent, the same or a
substantially similar formula for and method
of calculation as used in the calculation of
that Index, then in each case that index (the
"Successor Index") will be deemed to be the
Index.
(c) If (i) on or prior to any Valuation Date in
respect of the Notes, the Index Calculator or
the Index Sponsor announces that it will make
a material change in the formula for or the
method of calculating the Index or in any
other way materially modifies the Index
(other than a modification prescribed in that
formula or method to maintain that Index in
the event of changes in constituent stock and
capitalisation and other routine events) (an
"Index Modification") or permanently
cancels the Index and no Successor Index
exists (an "Index Cancellation") or (ii) on
any Valuation Date, the Index Calculator
fails to calculate and announce the Index (an
"Index Disruption" and together with an
Index Modification and an Index
Cancellation, each an "Index Adjustment
Event"), then, the Calculation Agent shall
determine if such Index Adjustment Event has
a material effect on the Notes and, if so, shall
calculate the relevant Variable Interest Rate
using, in lieu of a published level for the
Index, the level for the Index on that
6


Valuation Date as determined by the
Calculation Agent in accordance with the
formula for and method of calculating that
Index last in effect prior to the change, failure
or cancellation, but using only those securities
that comprised that Index immediately prior
to that Index Adjustment Event.
Other Relevant Terms
1.
Listing:
Yes ­ the regulated market of the Luxembourg Stock
Exchange.
2.
Details of Clearing Systems approved by
Euroclear Bank N.V./S.A., as operator of the Euroclear
the Bank and the Global Agent and
System and Clearstream Banking S.A. Payment for the
Clearance and Settlement Procedures:
Notes will be on a payment versus delivery basis.
3.
Syndicated:
No.
4.
Commissions and Concessions:
An upfront fee of 2 per cent. of the Aggregate Principal
Amount which will be deducted from the issue proceeds
on the Issue Date.
The annual cost will be 30 basis points (0.3%) of the
Principal Amount.
5.
Codes:
(a)
Common Code:
033958161.
(b)
ISIN:
XS0339581612.
6.
Identity of Dealer:
ABN AMRO Bank N.V., London Branch.
7.
Provisions for Bearer Notes:
(a)
Exchange Date:
1 April 2008.
(b)
Permanent Global Note:
Temporary Global Note will be exchanged for Permanent
Global Note after 40 days and upon receipt of relevant
certification from the Clearing Systems.
(c)
Definitive Bearer Notes:
No.
8.
Specified Currency Requirements:
Not Applicable.
9.
Other Address at which Bank Information
ABN AMRO Markets
available:
Postbus 283 (HQ 7004)
1000 EA Amsterdam
Netherlands
www.abnamromarkets.be and
www.abnamromarkets.com
Fortis Bank N.V.
Warandeberg 3
1000 Brussel
7


Belgium
www.fortis.be and www.fortis.lu
General Information
The Bank's latest Information Statement was issued on September 14, 2007
Notices
All notices regarding the Notes shall be published on the website of the Luxembourg Stock Exchange
so long as the Notes are listed on the regulated market of the Luxembourg Stock Exchange.
This paragraph supplements, and to the extent inconsistent therewith, supersedes the summary entitled
"Notices" in the Prospectus.
Modification, withdrawal and cancellation
The Bank reserves the right, prior to the Issue Date, in its absolute discretion to withdraw, cancel or
modify the offer of the Notes ("Cancellation"). The Bank may cancel the Notes without notice and will
notify prospective investors Cancellation after such Cancellation has occurred. In the event that the
Notes are not issued, no subscription monies shall be payable by prospective purchasers to the Bank
(either directly or indirectly through a broker, financial adviser, banker, financial intermediary or other
agent acting in such a capacity (each a "Selling Agent")) in respect of the Notes. Prospective
purchasers should contact their Selling Agent of choice for details of the arrangements for the return of
application monies in such circumstances. The Bank shall have no responsibility for, or liability arising
out of, the relationship between prospective purchasers and their respective Selling Agents and clearing
system operators, including, without limitation, in respect of arrangements concerning the return of
monies by such persons to their clients.
S&P Index Disclaimer
STANDARD
&
POOR'S
DOES
NOT GUARANTEE THE ACCURACY AND/OR
COMPLETENESS OF THE ABN AMRO ECO PRICE RETURN INDEX, ANY DATA
INCLUDED THEREIN, OR ANY DATA FROM WHICH IT IS BASED, AND STANDARD &
POOR'S SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR
INTERRUPTIONS THEREIN. STANDARD & POOR'S MAKES NO WARRANTY, EXPRESS
OR IMPLIED, AS TO RESULTS TO BE OBTAINED FROM THE USE OF THE ABN AMRO
ECO PRICE RETURN INDEX. STANDARD & POOR'S MAKES NO EXPRESS OR IMPLIED
WARRANTIES,
AND
EXPRESSLY
DISCLAIMS
ALL
WARRANTIES
OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH
RESPECT TO THE ABN AMRO ECO PRICE RETURN INDEX OR ANY DATA INCLUDED
THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL
STANDARD & POOR'S HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT,
OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF
THE POSSIBILITY OF SUCH DAMAGES. ABN AMRO HAS DEVELOPED, MAINTAINED
AND IS RESPONSIBLE FOR THE METHODOLOGY THAT IS EMPLOYED IN CONNECTION
WITH THE ABN AMRO ECO PRICE RETURN INDEX. STANDARD & POOR'S ROLE IS
LIMITED TO PROVIDING CONSULTING SERVICES TO ABN AMRO AND PERFORMING
CALCULATIONS AND DATA DISTRIBUTION IN CONNECTION WITH THE ABN AMRO
ECO
PRICE
RETURN
INDEX.
8


STANDARD & POOR'S DOES NOT SPONSOR, ENDORSE, SELL, OR PROMOTE ANY
INVESTMENT FUND OR OTHER VEHICLE THAT IS OFFERED BY THIRD PARTIES AND
THAT SEEKS TO PROVIDE AN INVESTMENT RETURN BASED ON THE RETURNS OF THE
ABN AMRO ECO TR INDEX. A DECISION TO INVEST IN ANY SUCH INVESTMENT FUND
OR OTHER VEHICLE SHOULD NOT BE MADE IN RELIANCE ON ANY OF THE
STATEMENTS SET FORTH IN THIS DOCUMENT. PROSPECTIVE INVESTORS ARE
ADVISED TO MAKE AN INVESTMENT IN ANY SUCH FUND OR VEHICLE ONLY AFTER
CAREFULLY CONSIDERING THE RISKS ASSOCIATED WITH INVESTING IN SUCH
FUNDS, AS DETAILED IN AN OFFERING MEMORANDUM OR SIMILAR DOCUMENT
THAT IS PREPARED BY OR ON BEHALF OF ABN AMRO BANK N.V. OR THE
INVESTMENT FUND OR VEHICLE.
CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES
United States Internal Revenue Service Circular 230 Notice: To ensure compliance with Internal
Revenue Service Circular 230, prospective investors are hereby notified that: (a) any discussion of U.S.
federal tax issues contained or referred to in this Pricing Supplement, the Prospectus or any other
document referred to herein is not intended or written to be used, and cannot be used by prospective
investors for the purpose of avoiding penalties that may be imposed on them under the United States
Internal Revenue Code (b) such discussions are written for use in connection with the promotion or
marketing of the transactions or matters addressed herein and (c) prospective investors should seek
advice based on their particular circumstances from an independent tax advisor.
This summary supplements, and to the extent inconsistent therewith, supersedes the
summary entitled "Tax Matters" in the Prospectus.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 ("JAGTRRA"), a
capital gain of a noncorporate United States Holder that is recognised before 1 January 2009 is
generally taxed at a maximum rate of 15% for property that is held more than one year. Holders should
consult their tax advisors with respect to the provisions of JAGTRRA.
The following additional selling restrictions apply to the issue:
1.
United States:
TEFRA D Rules apply.
The Notes are subject to United States tax law restrictions.
Notes may not be offered, sold or delivered, directly or
indirectly, within the United States or to United States persons
except to the extent permitted in the Terms Agreement.
2.
United Kingdom:
The Dealer has represented and agreed that it has complied and
will comply with all applicable provisions of the Financial
Services and Markets Act 2000 with respect to anything done by
it in relation to the Notes in, from or otherwise involving the
United Kingdom.
Notes which qualify as savings certificates as defined in the
3.
The Netherlands:
Savings Certificates Act (Wet inzake spaarbewijzen) may only
be transferred or accepted through the mediation of either the
Bank or an admitted institution of Euronext Amsterdam N.V.
with due observance of the Savings Certificates Act and its
implementing regulations (including registration requirements),
9


provided that no mediation is required in respect of:
(a) the initial issue of those Notes to the first holders thereof
(b) any transfer and delivery by individuals who do not act in
the conduct of a profession or trade and
(c) the issue and trading of those Notes, if they are
physically issued outside The Netherlands and are not
distributed in The Netherlands in the course of primary trading
or immediately thereafter.
The following additional risk factors relating to conflict of interest apply to the issue.
ACTIONS TAKEN BY ABN AMRO BANK N.V. MAY AFFECT THE VALUE OF THE
NOTES
ABN AMRO Bank N.V., as Calculation Agent, will play several different roles in connection with the
Notes. ABN AMRO Bank N.V. will act as Dealer and will have responsibility for making various
calculations and determinations as set out above under 14 (Variable Interest Rate). ABN AMRO Bank
N.V. will also be the Bank's counterparty in a swap transaction entered into by the Bank in order to
hedge its obligations under the Notes. The existence of such multiples roles and responsibilities for
ABN AMRO Bank N.V. creates possible conflicts of interest. For example, the amounts payable by
ABN AMRO Bank N.V. to the Bank under the swap transaction are calculated on the basis of the
amounts payable by the Bank under the Notes. Therefore, the determinations made by ABN AMRO
Bank N.V. in respect of the Notes as Calculation Agent may affect the amounts payable by ABN
AMRO Bank N.V. under the swap transaction, and, in making such determinations, ABN AMRO
Bank N.V. may have economic interests adverse to those of the holders of the Notes.
ABN AMRO Bank N.V. and/or any of its affiliates, as lead manager, may carry out activities that
minimise its and/or their risks related to the Notes, including effecting transactions for their own
account or for the account of their customers and hold long or short positions in the securities included
within the Index whether for risk reduction purposes or otherwise. In addition, in connection with the
offering of any Notes, ABN AMRO Bank N.V. and/or any of its affiliates may enter into one or more
hedging transactions with respect to the Index. In connection with such hedging or marketmaking
activities or with respect to proprietary or other trading activities by the ABN AMRO Bank N.V.
and/or any of its affiliates, ABN AMRO Bank N.V. and/or any of its affiliates may enter into
transactions which may affect the market price, liquidity or value of the Index and/or the Notes and
which could be deemed to be adverse to the interests of the holders of the Notes. ABN AMRO Bank
N.V. and/or its affiliates are likely to modify their hedging positions throughout the life of the Notes
whether by effecting transactions in the Index or in securities or derivatives linked to the Index.
Further, it is possible that the advisory services which ABN AMRO Bank N.V. and/or its affiliates
provide in the ordinary course of its/their business could lead to an adverse impact on the value of the
Index.
The Calculation Agent or its affiliates have also published and expect to continue to publish research
reports regarding some or all of the issuers of the securities included within the Index. This research is
modified periodically without notice and may express opinions or provide recommendations that may
affect the price of any of the securities included within the Index and, consequently, the market price of
the Notes and the Interest Amount.
10