Obligation Interamerican Development Bank 3.125% ( US4581X0DC96 ) en USD

Interamerican Development Bank

100 % ▲

Etas-Unis

US4581X0DC96 ( en USD )

3.125% par an ( paiement semestriel )

17/09/2028

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) US4581X0DC96 en USD 3.125%, échéance 17/09/2028

1 000 USD

2 800 000 000 USD

4581X0DC9

18/03/2026 ( Dans 37 jours )

La Banque interaméricaine de développement (BID) est une institution financière de développement multilatérale qui ?uvre à améliorer la vie des habitants de l'Amérique latine et des Caraïbes en finançant des projets de développement économique, social et environnemental.

L'Obligation émise par Interamerican Development Bank ( Etas-Unis ) , en USD, avec le code ISIN US4581X0DC96, paye un coupon de 3.125% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 17/09/2028

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 670
Tranche No.: 2

U.S.$100,000,000 3.125 percent Notes due September 18, 2028 (the "Notes") as from
April 17, 2020 to be consolidated and form a single series with the Bank's
U.S.$2,800,000,000 3.125 percent Notes due September 18, 2028, issued on September
18, 2018 (the "Series 670 Tranche 1 Notes")
Issue Price: 116.520 percent plus 29 days' accrued interest

Application has been made for the Notes to be admitted to the
Official List of the Financial Conduct Authority and
to trading on the London Stock Exchange plc's
Regulated Market

Barclays

The date of this Pricing Supplement is April 15, 2020.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 670, Tranche 2
U.S.$100,000,000 3.125 percent Notes due September 18, 2028

DC_LAN01:383269.2

Terms used herein shall be deemed to be defined as such for the purposes of the Terms
and Conditions (the "Conditions") set forth in the Prospectus dated January 8, 2001 (the
"Prospectus") (which for the avoidance of doubt does not constitute a prospectus for the
purposes of Part VI of the United Kingdom Financial Services and Markets Act 2000 or a
base prospectus for the purposes of Regulation (EU) 2017/1129). This Pricing
Supplement must be read in conjunction with the Prospectus. This document is issued to
give details of an issue by the Inter-American Development Bank (the "Bank") under its
Global Debt Program and to provide information supplemental to the Prospectus.
Complete information in respect of the Bank and this offer of the Notes is only available
on the basis of the combination of this Pricing Supplement and the Prospectus.
MIFID II product governance / Retail investors, professional investors and ECPs
target market See "General Information--Additional Information Regarding the
Notes--Matters relating to MiFID II" below.
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. The master fiscal agency agreement,
dated as of December 7, 1962, as amended and supplemented from time to time, between
the Bank and the Federal Reserve Bank of New York, as fiscal and paying agent, has
been superseded by the Uniform Fiscal Agency Agreement, dated as of July 20, 2006 (the
"New Fiscal Agency Agreement"), as may be amended, restated, superseded or otherwise
modified from time to time, between the Bank and the Federal Reserve Bank of New
York, as fiscal and paying agent. All references to the "Fiscal Agency Agreement" under
the heading "Terms and Conditions of the Notes" and elsewhere in the Prospectus shall
be deemed references to the New Fiscal Agency Agreement.
1.
Series No.:
670
Tranche No.:
2
2.
Aggregate Principal Amount:
U.S.$100,000,000
As from the Issue Date, the Notes will be
consolidated and form a single series with
the Series 670 Tranche 1 Notes.
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 670, Tranche 2
U.S.$100,000,000 3.125 percent Notes due September 18, 2028

DC_LAN01:383269.2

3.
Issue Price:
U.S.$116,771,736.11 which amount
represents the sum of (a) 116.520 percent of
the Aggregate Principal Amount plus (b)
the amount of 251,736.11 representing 29
days' accrued interest, inclusive.
4.
Issue Date:
April 17, 2020
5.
Form of Notes

(Condition 1(a)):
Book-entry only (not exchangeable for
Definitive Fed Registered Notes, Conditions
1(a) and 2(b) notwithstanding)
6.
Authorized Denomination(s)

(Condition 1(b)):
U.S.$1,000 and integral multiples thereof
7.
Specified Currency

(Condition 1(d)):
United States Dollars (U.S.$) being the
lawful currency of the United States of
America
8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
U.S.$
9.
Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
U.S.$
10. Maturity Date

(Condition 6(a); Fixed Interest
September 18, 2028
Rate):
11. Interest Basis

(Condition 5):
Fixed Interest Rate (Condition 5(I))
12. Interest Commencement Date

(Condition 5(III)):
March 18, 2020
13. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
3.125 percent per annum
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 670, Tranche 2
U.S.$100,000,000 3.125 percent Notes due September 18, 2028

DC_LAN01:383269.2

(b)
Fixed Rate Interest Payment
Semi-annually in arrear on March 18 and
Date(s):
September 18 in each year, commencing on
September 18, 2020
Each Interest Payment Date is subject to
adjustment in accordance with the
Following Business Day Convention with
no adjustment to the amount of interest
otherwise calculated.

(c)
Fixed Rate Day Count
30/360
Fraction(s):
14. Relevant Financial Center:
New York
15. Relevant Business Days:
New York
16. Issuer's Optional Redemption

(Condition 6(e)):
No
17. Redemption at the Option of the

Noteholders (Condition 6(f)):
No
18. Governing Law:
New York
19. Selling Restrictions:
Under the provisions of Section 11(a) of the
Inter-American Development Bank Act, the
(a)
United States:
Notes are exempted securities within the
meaning of Section 3(a)(2) of the U.S.

Securities Act of 1933, as amended, and
Section 3(a)(12) of the U.S. Securities
Exchange Act of 1934, as amended.

(b)
United Kingdom:
The Dealer represents and agrees 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 such
Notes in, from or otherwise involving the
United Kingdom.
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 670, Tranche 2
U.S.$100,000,000 3.125 percent Notes due September 18, 2028

DC_LAN01:383269.2

(c)
General:
No action has been or will be taken by the
Issuer that would permit a public offering of
the Notes, or possession or distribution of
any offering material relating to the Notes
in any jurisdiction where action for that
purpose is required. Accordingly, the
Dealer agrees that it will observe all
applicable provisions of law in each
jurisdiction in or from which it may offer or
sell Notes or distribute any offering
material.
Other Relevant Terms

1.
Listing:
Application has been made for the Notes to
be admitted to the Official List of the
Financial Conduct Authority and to trading
on the London Stock Exchange plc's
Regulated Market

2.
Details of Clearance System
Approved by the Bank and the
Federal Reserve Bank of New York;
Global Agent and Clearance and
Euroclear Bank SA/NV; Clearstream
Settlement Procedures:
Banking S.A.

3.
Syndicated:
No
4.
Commissions and Concessions:
0.007 percent of the Aggregate Principal
Amount
5.
Estimated Total Expenses:
None. The Dealer has agreed to pay for
certain expenses related to the issuance of
the Notes.
6.
Codes:

(a)
Common Code:
188046452

(b)
ISIN:
US4581X0DC96

(c)
CUSIP:
4581X0DC9
5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 670, Tranche 2
U.S.$100,000,000 3.125 percent Notes due September 18, 2028

DC_LAN01:383269.2

7.
Identity of Dealer:
Barclays Bank PLC

General Information
Additional Information Regarding the Notes
1.
Matters relating to MiFID II
The Bank does not fall under the scope of application of the MiFID II regime.
Consequently, the Bank does not qualify as an "investment firm", "manufacturer" or
"distributor" for the purposes of MiFID II.
MiFID II product governance / Retail investors, professional investors and
ECPs target market Solely for the purposes of the manufacturer's product approval
process, the target market assessment in respect of the Notes has led to the conclusion
that: (i) the target market for the Notes is eligible counterparties, professional clients and
retail clients, each as defined in MiFID II; and (ii) all channels for distribution of the
Notes are appropriate. Any person subsequently offering, selling or recommending the
Notes (a "distributor") should take into consideration the manufacturer's target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its
own target market assessment in respect of the Notes (by either adopting or refining the
manufacturer's target market assessment) and determining appropriate distribution
channels.
For the purposes of this provision, the expression MiFID II means Directive
2014/65/EU, as amended.
2.
United States Federal Income Tax Matters
The following supplements the discussion under the "Tax Matters" section of the
Prospectus regarding the United States federal income tax treatment of the Notes, and is
subject to the limitations and exceptions set forth therein. Any tax disclosure in the
Prospectus or this pricing supplement is of a general nature only, is not exhaustive of all
possible tax considerations and is not intended to be, and should not be construed to be,
legal, business or tax advice to any particular prospective investor. Each prospective
investor should consult its own tax advisor as to the particular tax consequences to it of
the acquisition, ownership, and disposition of the Notes, including the effects of
applicable United States federal, state, and local tax laws, non-United States tax laws and
possible changes in tax laws.
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 670, Tranche 2
U.S.$100,000,000 3.125 percent Notes due September 18, 2028

DC_LAN01:383269.2

Subject to the discussion in the following paragraph regarding amortizable bond
premium, a United States holder will generally be taxed on interest on the Notes as
ordinary income at the time such holder receives the interest or when it accrues,
depending on the holder's method of accounting for tax purposes. However, the portion
of the first interest payment on the Notes that represents a return of the 29 days of
accrued interest that a United States holder paid as part of the Issue Price of the Notes
("Pre-Issuance Accrued Interest") will not be treated as an interest payment for United
States federal income tax purposes, and will accordingly not be includible in income.
Additionally, because the purchase price of the Notes exceeds the principal
amount of the Notes, a United States holder may elect to treat the excess (after excluding
the portion of the purchase price attributable to Pre-Issuance Accrued Interest) as
amortizable bond premium. A United States holder that makes this election would
reduce the amount required to be included in such holder's income each year with respect
to interest on the Notes by the amount of amortizable bond premium allocable to that
year, based on the Notes' yield to maturity. If a United States holder makes an election
to amortize bond premium, the election would apply to all debt instruments, other than
debt instruments the interest on which is excludible from gross income, that the United
States holder holds at the beginning of the first taxable year to which the election applies
or that such holder thereafter acquires, and the United States holder may not revoke the
election without the consent of the Internal Revenue Service.
Upon a sale or retirement of the Notes, a United States holder will generally
recognize capital gain or loss equal to the difference, if any, between (i) the amount
realized on the sale or retirement (other than any amounts attributable to accrued but
unpaid interest, which will be treated as interest payments except to the extent that such
amounts are a return of Pre-Issuance Accrued Interest), and (ii) the United States holder's
adjusted tax basis in the Notes. A United States holder's adjusted tax basis in the Notes
generally will equal the cost of the Notes to the United States holder, reduced by any
bond premium that the United States holder previously amortized with respect to the
Notes and reduced by any Pre-Issuance Accrued Interest that was previously received by
the United States holder. Capital gain of individual taxpayers from the sale or retirement
of Notes held for more than one year may be eligible for reduced rates of taxation. The
deductibility of a capital loss is subject to significant limitations.
Due to a change in law since the date of the Prospectus, the second paragraph of
"--Payments of Interest" under the "United States Holders" section should be updated to
read as follows: "Interest paid by the Bank on the Notes constitutes income from sources
outside the United States and will generally be "passive" income for purposes of
computing the foreign tax credit."
Information with Respect to Foreign Financial Assets. Owners of "specified
foreign financial assets" with an aggregate value in excess of U.S.$50,000 (and in some
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 670, Tranche 2
U.S.$100,000,000 3.125 percent Notes due September 18, 2028

DC_LAN01:383269.2

circumstances, a higher threshold) may be required to file an information report with
respect to such assets with their tax returns. "Specified foreign financial assets" may
include financial accounts maintained by foreign financial institutions, as well as the
following, but only if they are held for investment and not held in accounts maintained by
financial institutions: (i) stocks and securities issued by non-United States persons, (ii)
financial instruments and contracts that have non-United States issuers or counterparties,
and (iii) interests in foreign entities. Holders are urged to consult their tax advisors
regarding the application of this reporting requirement to their ownership of the Notes.
Medicare Tax. A United States holder that is an individual or estate, or a trust that
does not fall into a special class of trusts that is exempt from such tax, is subject to a
3.8% tax (the "Medicare tax") on the lesser of (1) the United States holder's "net
investment income" (or "undistributed net investment income" in the case of an estate or
trust) for the relevant taxable year and (2) the excess of the United States holder's
modified adjusted gross income for the taxable year over a certain threshold (which in the
case of individuals is between U.S.$125,000 and U.S.$250,000, depending on the
individual's circumstances). A holder's net investment income will generally include its
interest income and its net gains from the disposition of Notes, unless such interest
income or net gains are derived in the ordinary course of the conduct of a trade or
business (other than a trade or business that consists of certain passive or trading
activities). United States holders that are individuals, estates or trusts are urged to consult
their tax advisors regarding the applicability of the Medicare tax to their income and
gains in respect of their investment in the Notes.
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 670, Tranche 2
U.S.$100,000,000 3.125 percent Notes due September 18, 2028
DC_LAN01:383269.2