Obligation Inter-American Development Bank (IDB) 2% ( US4581X0EF19 ) en USD

Inter-American Development Bank (IDB)

100 % ▲

Etas-Unis

US4581X0EF19 ( en USD )

2% par an ( paiement semestriel )

15/07/2022 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) US4581X0EF19 en USD 2%, échue

1 000 USD

2 250 000 000 USD

4581X0EF1

L'Obligation émise par Inter-American Development Bank (IDB) ( Etas-Unis ) , en USD, avec le code ISIN US4581X0EF19, paye un coupon de 2% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/07/2022

EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029 (the "Notes")
Issue Price: 99.423 percent
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
UK Regulated Market
Deutsche Bank
HSBC
J.P. Morgan
TD Securities
Barclays
BMO Capital Markets
Citigroup
Daiwa Capital Markets Europe
BofA Securities
Morgan Stanley
Nomura
RBC Capital Markets
Scotiabank
Wells Fargo Securities
The date of this Pricing Supplement is September 12, 2022.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029
4870-1805-5473 v.2

EXECUTION VERSION

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 July 28, 2020 (the "Prospectus")
(which for the avoidance of doubt does not constitute a prospectus for the purposes of Part VI of
the United Kingdom ("UK") Financial Services and Markets Act 2000 or a base prospectus for
the purposes of Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation") or the
Prospectus Regulation as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("EUWA")). 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 and UK MiFIR product governance / Retail investors, professional investors
and ECPs target market See "General Information--Additional Information Regarding the
Notes--Matters relating to MiFID II and UK MiFIR" 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. Together with the applicable
Conditions (as defined above), which are expressly incorporated hereto, these are the only terms
that form part of the form of Notes for such issue.
1.
Series No.:
844
2.
Aggregate Principal Amount:
U.S.$3,000,000,000
3.
Issue Price:
U.S.$ 2,982,690,000 which is 99.423 percent of
the Aggregate Principal Amount
4.
Issue Date:
September 14, 2022
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.$1,000 and integral multiples thereof
7.
Specified Currency
United States Dollars (U.S.$) being the lawful
(Condition 1(d)):
currency of the United States of America
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029
4870-1805-5473 v.2

EXECUTION VERSION

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 Rate

and Zero Coupon):
September 14, 2029
11. Interest Basis

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

(Condition 5(III)) :
Issue Date (September 14, 2022)
13. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
3.500 percent per annum

(b)
Fixed Rate Interest Payment

Date(s):
Semi-annually in arrear on March 14 and
September 14 in each year, commencing on
March 14, 2023.

Each Fixed Rate Interest Payment Date is
subject to the Business Day Convention, but
with no adjustment to the amount of interest
otherwise calculated.

(c)
Business Day Convention:
Following Business Day Convention

(d)
Fixed Rate Day Count

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

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

Noteholders (Condition 6(f)):
No
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029
4870-1805-5473 v.2

EXECUTION VERSION
18.
Governing Law:
New York
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 UK Regulated Market
2.
Details of Clearance System
Approved by the Bank and the
Global Agent and Clearance and
Settlement Procedures:
Federal Reserve Bank of New York; Euroclear
Bank SA/NV; Clearstream Banking S.A.
3.
Syndicated:
Yes
4.
If Syndicated:
(a)
Liability:
Several
(b)
Lead Managers:
Deutsche Bank AG, London Branch
HSBC Bank plc
J.P. Morgan Securities plc
TD Global Finance unlimited company
5.
Commissions and Concessions:
0.15 percent of the Aggregate Principal Amount
6.
Estimated Total Expenses:
The Lead Managers have agreed to pay for all
material expenses related to the issuance of the
Notes, except the Issuer will pay for the London
Stock Exchange listing fees, if applicable.
7.
Codes:
(a)
Common Code:
253265604
(b)
ISIN:
US4581X0EF19
(c)
CUSIP:
4581X0EF1
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029
4870-1805-5473 v.2

EXECUTION VERSION

8.
Identity of Managers:
Deutsche Bank AG, London Branch
HSBC Bank plc
J.P. Morgan Securities plc
TD Global Finance unlimited company

Barclays Bank PLC
BMO Capital Markets Corp.
Citigroup Global Markets Limited
Daiwa Capital Markets Europe Limited
Merrill Lynch International
Morgan Stanley & Co. International plc
Nomura International plc
RBC Capital Markets, LLC
The Bank of Nova Scotia, London Branch
Wells Fargo Securities, LLC

9.
Selling Restrictions:

(a)
United States:
Under the provisions of Section 11(a) of the
Inter-American Development Bank Act, the

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:
Each of the Managers represents and agrees that
(a) it has only communicated or caused to be
communicated and will only communicate or
cause to be communicated an invitation or
inducement to engage in investment activity
(within the meaning of Section 21 of the
Financial Services and Markets Act 2000 (the
"FSMA")) received by it in connection with the
issue or sale of the Notes in circumstances in
which Section 21(1) of the FSMA does not apply
to the Bank, and (b) it has complied and will
comply with all applicable provisions of the
FSMA with respect to anything done by it in
relation to such Notes in, from or otherwise
involving the UK.

5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029
4870-1805-5473 v.2

EXECUTION VERSION

(c)
Singapore:
In the case of the Notes being offered into
Singapore in a
primary or subsequent
distribution, and solely for the purposes of its
obligations pursuant to Section 309B of the
Securities and Futures Act (Chapter 289) of
Singapore (the "SFA"), the Issuer has
determined, and hereby notifies all relevant
persons (as defined in Section 309A of the SFA)
that the Notes are "prescribed capital markets
products" (as defined in the Securities and
Futures (Capital Markets Products) Regulations
2018 of Singapore) and Excluded Investment
Products (as defined in MAS Notice SFA 04-
N12: Notice on the Sale of Investment Products
and MAS Notice FAA-N16: Notice on
Recommendations on Investment Products).

(d)
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, each of the Managers 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.

General Information
Additional Information Regarding the Notes
1. Use of Proceeds

The net proceeds from the sale of the Notes will be included in the ordinary capital
resources of the Bank and, will not be committed or earmarked for lending to, or financing of,
any specific loans, projects or programs. The Bank, in partnership with its member countries,
works to reduce poverty and inequalities in Latin America and the Caribbean by promoting
economic and social development in a sustainable, climate friendly way.

The Bank's strategic priorities include social inclusion and equality, productivity and
innovation and economic integration along with three cross-cutting issues: gender equality and
diversity, climate change and environmental sustainability, and institutional capacity and the
rule of law. Each strategic priority of the Bank aligns to at least one of the United Nations
Sustainable Development Goals ("SDGs"), with all goals covered within the Bank's
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029
4870-1805-5473 v.2

EXECUTION VERSION
institutional strategy, which may be adapted from time to time should the United Nations SDGs
definition evolve.
All projects undertaken by the Bank go through the Bank's rigorous sustainability
framework. The framework tracks measurable results, adherence to lending targets and the
effectiveness of its environmental and social safeguards. The Bank's administrative and
operating expenses are currently covered entirely by the Bank's various sources of revenue,
consisting primarily of net interest margin and investment income (as more fully described in
the Bank's Information Statement).
2.
Matters relating to MiFID II and UK MiFIR
The Bank does not fall under the scope of application of either the MiFID II or the UK
MiFIR regime. Consequently, the Bank does not qualify as an "investment firm",
"manufacturer" or "distributor" for the purposes of MiFID II or UK MiFIR.
MiFID II product governance / Retail investors, professional investors and ECPs
target market Solely for the purposes of each EU 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 EU manufacturers' 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 EU manufacturers' target market assessment) and determining
appropriate distribution channels.
For the purposes of this provision, the expression "EU manufacturers" means Deutsche
Bank AG, London Branch and TD Global Finance unlimited company, and the expression
"MiFID II" means Directive 2014/65/EU, as amended.
UK MiFIR product governance / Retail investors, professional investors and ECPs
target market
Solely for the purposes of each UK 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 retail clients, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565
as it forms part of UK domestic law by virtue of the EUWA, eligible counterparties, as defined
in COBS, and professional clients, as defined in UK MiFIR; 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 UK manufacturers' target market
assessment; however, a distributor subject to the UK MiFIR Product Governance Rules is
responsible for undertaking its own target market assessment in respect of the Notes (by either
adopting or refining the UK manufacturers' target market assessment) and determining
appropriate distribution channels.
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029
4870-1805-5473 v.2

EXECUTION VERSION
For the purposes of this provision, (i) the expression "UK manufacturers" means
Deutsche Bank AG, London Branch, HSBC Bank plc and J.P. Morgan Securities plc, (ii) the
expression "COBS" means the FCA Handbook Conduct of Business Sourcebook, (iii) the
expression "UK MiFIR" means Regulation (EU) No 600/2014 as it forms part of UK domestic
law by virtue of the EUWA and (iv) the expression "UK MiFIR Product Governance Rules"
means the FCA Handbook Product Intervention and Product Governance Sourcebook.
INTER-AMERICAN DEVELOPMENT BANK
By:
Name: Gustavo Alberto De Rosa
Title:
Vice President for Finance and Administration &
Chief Financial Officer and General Manager,
Finance Department
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 844
U.S.$3,000,000,000 3.500 percent Notes due September 14, 2029
4870-1805-5473 v.2