Obligation IBRD-Global 0% ( US459056HL41 ) en USD

IBRD-Global

100 % ⇌

Etats-unis

US459056HL41 ( en USD )

26/09/2022 - Obligation échue

Prospectus brochure de l'obligation IBRD US459056HL41 en USD 0%, échue

10 000 000 USD

459056HL4

La Banque internationale pour la reconstruction et le développement (IBRD), membre du Groupe de la Banque mondiale, fournit des prêts et des services consultatifs aux pays à revenu intermédiaire et à revenu faible pour soutenir leur développement économique.

L'Obligation émise par IBRD-Global ( Etats-unis ) , en USD, avec le code ISIN US459056HL41, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 26/09/2022

Pricing Supplement
International Bank for Reconstruction and Development
Global Debt Issuance Facility
No. 3316
USD 10,000,000 Callable Fixed to CMS Linked Notes due September 26, 2022
MORGAN STANLEY
The date of this Pricing Supplement is September 21, 2007

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:
3316
2.
Aggregate Principal Amount:
USD 10,000,000
3.
Issue Price:
100 per cent. of the Aggregate Principal Amount
4.
Issue Date:
September 26, 2007
5.
Form of Notes (Condition 1(a)):
Registered Notes only
6.
Authorized Denominations (Condition
USD 25,000 and integral multiples of USD1,000
1(b)):
in excess thereof
7.
Specified Currency (Condition 1(d)):
United States Dollar ("USD")
8.
Maturity Date:
September 26, 2022
9.
Interest Basis (Condition 5):
(i)
Fixed Interest Rate (Condition 5(I)) in
respect of the period commencing on and
including the Issue Date and ending on
but excluding September 26, 2008 and
thereafter
(ii)
Variable Interest Rate (Condition 5(II))
for the period commencing on and
including September 26, 2008 and ending
on but excluding the Maturity Date
(further particulars specified below)
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Fixed Interest Rate (Condition 5(I)):
(a) Calculation Amount:
USD1,000
(b) Interest Rate(s):
In respect of the period from and including the
Issue Date, to but excluding September 26, 2008,
the Interest Rate shall be 10.00 per cent. per
annum
(c) Fixed Rate Interest Payment Date(s):
March 26, 2008 and September 26, 2008
2

(d) Fixed Rate Day Count Fraction(s) if
30/360
not 30/360 basis:
11.
Variable Interest Rate (Condition 5(II)):
Applicable
12.
Basis of calculation of Variable Interest
Applicable, as set out below
Rate and Interest Payment Dates and
default interest where Condition 5(II)(b)(i)
to (vii) do not apply (Condition 5(II)(b)):
(a) Calculation Amount:
USD1,000
(b) Interest Payment Dates:
March 26 and September 26 in each year
commencing on March 26, 2009 up to and
including the Maturity Date
(c) Interest Determination Date:
2 U.S. Government Securities Business Days
prior to the first day of each Interest Period, the
first Interest Period commencing on September
26, 2008
(d) Rate of Interest:
Notwithstanding the provisions of Condition
5(II)(b), the Rate of Interest for each Interest
Period shall be calculated and determined by the
Calculation Agent as soon as practicable on the
relevant Interest Determination Date for such
Interest Period in accordance with the following
formula:
50 x (30 year USDISDASwap Rate minus 10
year USDISDASwap Rate)
where:
"30 year USDISDASwap Rate" and "10 year
USDISDASwap Rate" mean the rate for USD
swaps with a maturity of 30 years and 10 years,
respectively, expressed as a percentage which
appear on the Reuters screen on the "ISDAFIX1"
page (or such other page that may replace that
page on that service or a successor service) as at
11:00AM (New York City time) on the relevant
Interest Determination Date.
If such rates do not appear on the Reuters screen
on the "ISDAFIX1" Page (or such other page that
may replace that page on that service or a
successor service) as at 11.00 a.m. (New York
City time) on the Interest Determination Date,
then "30 year USDISDASwap Rate" and "10
year USDISDASwap Rate" shall be determined
by the Calculation Agent in accordance with the
procedures set forth in "USDCMSReference
Banks", in the case of "USDISDASwap Rate"
(as defined in Article 7.1(ab)(x) and Article
7.1(ab)(vi), respectively, of the 2006 ISDA
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Definitions provided that (i) "Designated
Maturity" shall mean 30 year or 10 year, as
applicable, (ii) "Representative Amount" shall
mean USD 10,000,000, (iii) "Reference Banks"
shall mean, five leading swap dealers in the New
York City interbank market selected by the
Calculation Agent, and (iv) if fewer than three
quotations are provided as requested, the rates
will be determined by the Calculation Agent in
good faith and in a commercially reasonable
manner.
(e) Calculation Agent:
Citibank, N.A.
13.
Other Variable Interest Rate Terms
(Conditions 5(II) and (III)):
(a) Minimum Interest Rate:
0.00 per cent.
(b) Maximum Interest Rate:
Not Applicable
(c) Variable Rate Day Count Fraction:
30/360
14.
Relevant Financial Center:
New York
15.
Relevant Business Days:
London and New York
16.
Redemption Amount (if other than Principal 100.00 per cent. of the Aggregate Principal
Amount) (Condition 6(a)):
Amount
17.
Issuer's Optional Redemption (Condition
Yes
6(e)):
(a) Notice Period:
Not less than ten Relevant Business Days.
(b) Amount:
All (and not less than all).
(c) Date(s):
Each Interest Payment Date from and including
September 26, 2008 to and including March 26,
2022.
(d) Early Redemption Amount:
100.00 per cent. of the Aggregate Principal
Amount.
(e) Notices:
So long as the Notes are represented by a Global
Note and the Global Note is held on behalf of a
clearing system notwithstanding Condition 13,
notices to Noteholders may be given by delivery
of the relevant notice to that clearing system for
communication by it to entitled account holders.
Any notice delivered to a clearing system in
accordance with the preceding sentence shall be
deemed to have been given to the Noteholders on
the day on which such notice is delivered to the
clearing system
18.
Redemption at the option of the
No
Noteholders (Condition 6(f)):
4

19.
Long Maturity Note (Condition 7(f)):
No
20.
Early Redemption Amount (including
100.00 per cent of the Aggregate Principal
accrued interest, if applicable) (Condition
Amount plus accrued interest
9):
21.
Prescription (Condition 8):
(a)
Principal:
10 years
(b)
Interest:
5 years
22.
Governing Law of the Notes:
English
Other Relevant Terms
1.
Listing (if yes, specify Stock Exchange):
Luxemburg
2.
Details of Clearance System approved by
Clearstream Banking, société anonyme, Euroclear Bank
the Bank and the Global Agent and
S.A./N.V. and The Depository Trust Company
Clearance and Settlement Procedures:
3.
Syndicated:
No
4.
Commissions and Concessions:
None
5.
Codes:
(a)
ISIN:
US459056HL41
(b)
Common Code:
032226892
(c)
CUSIP:
459056HL4
6.
Identity of Dealer:
Morgan Stanley & Co. Incorporated
7.
Provisions for Registered Notes:
(a)
Individual Definitive Registered
No
Notes available on Issue Date:
(b)
DTC Global Note:
Yes, one
(c)
Other Global Registered Notes:
No
General Information
The Bank's latest Information Statement was issued on 15 September 2006.
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
5

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 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.
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
By:
6