Obligation Interamerican Development Bank 2% ( US4581X0CU04 ) en USD

Interamerican Development Bank

96.36 % ▼

Etats-unis

US4581X0CU04 ( en USD )

2% par an ( paiement semestriel )

01/06/2026

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) US4581X0CU04 en USD 2%, échéance 01/06/2026

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4581X0CU0

02/06/2026 ( Dans 113 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 ( Etats-unis ) , en USD, avec le code ISIN US4581X0CU04, paye un coupon de 2% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 01/06/2026

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 563
Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026 (the "Notes") as from January 31,
2020 to be consolidated and form a single series with the Bank's U.S.$1,500,000,000 2.00
percent Notes due June 2, 2026, issued on June 2, 2016 (the "Series 563 Tranche 1 Notes"),
the Bank's U.S.$100,000,000 2.00 percent Notes due June 2, 2026, issued on July 19, 2016
(the "Series 563 Tranche 2 Notes"), the Bank's U.S.$150,000,000 2.00 percent Notes due
June 2, 2026, issued on July 17, 2019 (the "Series 563 Tranche 3 Notes") and the Bank's
U.S.$100,000,000 2.00 percent Notes due June 2, 2026, issued October 15, 2019 (the "Series
563 Tranche 4 Notes")

Issue Price: 101.936 percent plus 59 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

Nomura

The date of this Pricing Supplement is January 29, 2020.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 563, Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026
DC_LAN01:381598.2

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.:
563
Tranche No.:
5
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 563 Tranche 1 Notes, the Series 563
Tranche 2 Notes, the Series 563 Tranche 3
Notes and the Series 563 Tranche 4 Notes.
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 563, Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026
DC_LAN01:381598.2

3.
Issue Price:
U.S.$102,263,777.78 which amount represents
the sum of (a) 101.936 percent of the
Aggregate Principal Amount plus (b) the
amount of U.S.$327,777.78 representing 59
days' accrued interest, inclusive.
4.
Issue Date:
January 31, 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): June 2, 2026
11. Interest Basis

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

(Condition 5(III)):
December 2, 2019
13. Fixed Interest Rate (Condition 5(I)):

(a) Interest Rate:
2.00 percent per annum
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 563, Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026
DC_LAN01:381598.2

(b) Fixed Rate Interest Payment
Semi-annually in arrear on June 2 and
Date(s):
December 2 in each year, commencing on June
2, 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 and London
15. Relevant Business Days:
New York and London
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.: 563, Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026
DC_LAN01:381598.2

(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; Euroclear
Global Agent and Clearance and
Bank SA/NV; Clearstream Banking S.A.
Settlement Procedures:

3.
Syndicated:
No
4.
Commissions and Concessions:
0.01% 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:
142595222

(b) ISIN:
US4581X0CU04

(c) CUSIP:
4581X0CU0
7.
Identity of Dealer:
Nomura International plc

5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 563, Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026
DC_LAN01:381598.2

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 59 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.
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 563, Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026
DC_LAN01:381598.2

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.

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"
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 563, Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026
DC_LAN01:381598.2

(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.: 563, Tranche No.: 5
U.S.$100,000,000 2.00 percent Notes due June 2, 2026
DC_LAN01:381598.2

Document Outline

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