Obligation National Agricultural Credit Banks 1% ( US3133ELZK34 ) en USD

National Agricultural Credit Banks

92.442 % ⇌

Etas-Unis

US3133ELZK34 ( en USD )

1% par an ( paiement semestriel )

18/05/2027

Prospectus brochure de l'obligation Federal Farm Credit Banks US3133ELZK34 en USD 1%, échéance 18/05/2027

1 000 USD

50 000 000 USD

3133ELZK3

AA+ ( Haute qualité )

Aa1 ( Haute qualité )

18/05/2026 ( Dans 98 jours )

Les Federal Farm Credit Banks sont un système coopératif américain fournissant des services financiers aux agriculteurs, aux coopératives agricoles et aux entreprises liées à l'agriculture.

Le titre obligataire de type US3133ELZK34 (code CUSIP 3133ELZK3), émis aux États-Unis par les Federal Farm Credit Banks ? une institution fédérale américaine majeure dédiée au financement de l'agriculture via un réseau de coopératives de crédit agricole ? présente une maturité fixée au 18 mai 2027, un coupon annuel de 1% versé avec une fréquence bimensuelle, une taille totale d'émission de 50 millions USD et un seuil d'acquisition minimal de 1 000 USD, se négociant actuellement en USD sur le marché secondaire à 92,442% de sa valeur nominale tout en bénéficiant d'une excellente qualité de crédit attestée par les notations AA+ de Standard & Poor's et Aa1 de Moody's.

TERM SHEET

Federal Farm Credit Banks
Consolidated Systemwide

Bonds
This Term Sheet relates to the Bonds described below and should be read in conjunction with the Federal Farm Credit
Banks Consolidated Systemwide Bonds and Discount Notes Offering Circular dated December 8, 2014, as amended
and supplemented (the "Offering Circular"). The Optional Principal Redemption Bonds described herein (the
"Bonds") were sold to Daiwa Capital Markets America Inc, INTL FCStone Financial Inc. - BD Rates Division,
Incapital LLC, Stifel, Nicolaus & Company Incorporated, SunTrust Robinson Humphrey Inc. and Vining-Sparks IBG,
Ltd. Partnership (the "Dealers"), as principals, for resale to investors at varying prices according to prevailing market
prices at the time of resale as determined by the Dealers. Terms set forth below unless otherwise defined have the
meaning ascribed to them in the Offering Circular. The Bonds are continuously callable on any day on or after
May 18, 2022 as described below in "Redemption".
Principal Amount: $50,000,000
Denomination: $1,000 and integral multiples of $1,000 in excess thereof
Issue Price: 100.000%
Issue Date & Settlement Date: May 18, 2020
Maturity Date: May 18, 2027
Interest Rate: 1.000%
Day Count Basis: Interest shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
Interest Payment Dates: Each May 18 and November 18, beginning on November 18, 2020, and the Maturity Date
Redemption: The Bonds may be redeemed, at the Banks' option, by the Funding Corporation, as agent for the Banks,
in whole or in part, on any day on or after May 18, 2022, together with interest accrued but unpaid,
from and including the most recent date on which interest has been paid, to but excluding the date on
which such Bonds are to be redeemed (each such date on which the Bonds are to be redeemed, a
"Redemption Date") at a redemption price, after payment of interest due on such Redemption Date, of
100% of the principal amount thereof to be redeemed. In the event of a partial redemption, a pro rata
portion of the outstanding principal amount of each Bond will be redeemed. Notice of redemption shall
not be less than 5 Business Days prior to the Redemption Date.
Reopenings: The outstanding principal amount of this issue may be increased from time to time.
Underwriting Concession: 0.250%
Selling Concession: 0.125%
CUSIP Number: 3133EL ZK3

Daiwa Capital Markets America Inc
INTL FCStone Financial Inc. - BD Rates Division
Incapital LLC
Stifel, Nicolaus & Company Incorporated
SunTrust Robinson Humphrey Inc.
Vining-Sparks IBG, Ltd. Partnership
The date of the Term Sheet is May 7, 2020.