Bond Interamerican Dev Bank 0.02375% ( US4581X0CY26 ) in USD

Interamerican Dev Bank

100 % ▲

United States

US4581X0CY26 ( in USD )

0.02375% per year ( payment 2 times a year)

07/07/2027

Prospectus brochure of the bond Inter-american Devel Bk US4581X0CY26 en USD 0.02375%, maturity 07/07/2027

1 000 USD

2 700 000 000 USD

4581X0CY2

07/07/2026 ( In 147 days )

The Inter-American Development Bank (IDB) is a regional multilateral development institution that provides financial and technical assistance to its borrowing member countries in Latin America and the Caribbean to promote economic and social development.

Inter-American Development Bank issued a USD 2,700,000,000 bond (ISIN: US4581X0CY26, CUSIP: 4581X0CY2) maturing on July 7, 2027, with a 0.02375% coupon rate, paying semi-annually, currently trading at 100% of par value, in minimum denominations of 1,000 USD.

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 610
Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027 (the "Notes") as from October 2,
2020 to be consolidated and form a single series with the Bank's U.S.$2,300,000,000 2.375
percent Notes due July 7, 2027 issued on July 7, 2017 (the "Series 610 Tranche 1 Notes"),
the Bank's U.S.$100,000,000 2.375 percent Notes due July 7, 2027 issued on May 3, 2019
(the "Series 610 Tranche 2 Notes"), the Bank's U.S.$100,000,000 2.375 percent Notes due
July 7, 2027 issued on June 29, 2020 (the "Series 610 Tranche 3 Notes"), the Bank's
U.S.$100,000,000 2.375 percent Notes due July 7, 2027 issued on July 13, 2020 (the
"Series 610 Tranche 4 Notes") and the Bank's U.S.$100,000,000 2.375 percent Notes due
July 7, 2027 issued on August 21, 2020 (the "Series 610 Tranche 5 Notes")

Issue Price: 111.871 percent plus 85 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

J.P. Morgan

The date of this Pricing Supplement is September 30, 2020.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 610, Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027

DC_LAN01:386046.2

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.
(a) Series No.:
610

(b) Tranche No.:
6
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 610 Tranche 1 Notes, the Series 610
Tranche 2 Notes, Series 610 Tranche 3 Notes,
Series 610 Tranche 4 Notes and Series 610
Tranche 5 Notes.
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 610, Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027

DC_LAN01:386046.2

3.
Issue Price:
U.S.$112,431,763.89, which amount
represents the sum of (a) 111.871 percent of
the Aggregate Principal Amount plus (b) the
amount of U.S.$560,763.89 representing 85
days' accrued interest
4.
Issue Date:
October 2, 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 Rate): July 7, 2027
11. Interest Basis

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

(Condition 5(III)):
July 7, 2020
13. Fixed Interest Rate (Condition 5(I)):

(a) Interest Rate:
2.375 percent per annum
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 610, Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027

DC_LAN01:386046.2

(b) Fixed Rate Interest Payment
Semi-annually in arrear on January 7 and July
Date(s):
7 in each year, commencing on January 7,
2021.
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:

(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:
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: 610, Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027

DC_LAN01:386046.2

(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 Banking
Settlement Procedures:
S.A.

3.
Syndicated:
No
4.
Commissions and Concessions:
0.007% 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:
164145921

(b) ISIN:
US4581X0CY26

(c) CUSIP:
4581X0CY2
7.
Identity of Dealer:
J.P. Morgan Securities plc
5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 610, Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027

DC_LAN01:386046.2

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.

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 85 days of accrued interest that
a United States holder paid as part of the Issue Price of the Notes ("Pre-Issuance Accrued
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 610, Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027

DC_LAN01:386046.2

Interest") will not be treated as an interest payment for United States federal income tax
purposes, and will accordingly not be includible in income.
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
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.
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 610, Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027

DC_LAN01:386046.2

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 generally includes 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: 610, Tranche No.: 6
U.S.$100,000,000 2.375 percent Notes due July 7, 2027
DC_LAN01:386046.2

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