Obligation IBRD-Global 1.9% ( US459058GX53 ) en USD

IBRD-Global

100 % ⇌

Etats-unis

US459058GX53 ( en USD )

1.9% par an ( paiement semestriel )

19/06/2023 - Obligation échue

Prospectus brochure de l'obligation IBRD US459058GX53 en USD 1.9%, échue

1 000 USD

300 000 000 USD

459058GX5

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 US459058GX53, paye un coupon de 1.9% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 19/06/2023

EXECUTION VERSION

Final Terms dated May 5, 2020
International Bank for Reconstruction and Development
Issue of US$300,000,000 1.875 per cent. Notes due June 19, 2023
(to be consolidated and form a single series with the existing
US$1,250,000,000 1.875 per cent. Notes due June 19, 2023 issued June 19, 2019)
under the
Global Debt Issuance Facility
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions
(the "Conditions") set forth in the Prospectus dated May 28, 2008. This document constitutes the Final Terms
of the Notes described herein and must be read in conjunction with such Prospectus.
MiFID II product governance / Retail investors, professional investors and ECPs target markets 
See Term 28 below.
SUMMARY OF THE NOTES
1. Issuer:
International Bank for Reconstruction and Development
("IBRD")
2. (i) Series Number:
100830
(ii) Tranche Number:
2
3. Specified Currency or Currencies
United States Dollars ("US$")
(Condition 1(d)):
4. Aggregate Nominal Amount:

(i) Series:
US$1,550,000,000
(ii) Tranche:
US$300,000,000
5. (i) Issue Price:
104.623 per cent. of the Aggregate Nominal Amount of
this Tranche plus 139 days of accrued interest
(ii) Net proceeds:
US$315,947,875
6. Specified Denominations
US$1,000 and integral multiples thereof
(Condition 1(b)):
7. (i) Issue Date:
May 8, 2020
(ii) Interest Commencement Date
December 19, 2019

(Condition 5(l)):
8. Maturity Date (Condition 6(a)):
June 19, 2023
9. Interest Basis (Condition 5):
1.875 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis
Redemption at par
(Condition 6):
11. Change of Interest or
Not Applicable
Redemption/Payment Basis:
12. Call/Put Options (Condition 6):
Not Applicable

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13. Status of the Notes (Condition 3):
Unsecured and unsubordinated
14. Listing:
Luxembourg Stock Exchange
15. Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i)
Rate of Interest:
1.875 per cent. per annum payable semi-annually in arrear
(ii) Interest Payment Date(s):
June 19 and December 19 of each year, from and
including June 19, 2020, to and including the Maturity
Date, not subject to adjustment in accordance with a
Business Day Convention
(iii) Interest Period Date(s):
Each Interest Payment Date
(iv) Business Day Convention:
Not Applicable
(v) Fixed Coupon Amount(s):
US$9.38 per minimum Specified Denomination
(vi) Day Count Fraction
30/360
(Condition 5(l)):
(vii) Other terms relating to the
Not Applicable
method of calculating interest
for Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each
US$1,000 per minimum Specified Denomination
Note (Condition 6):
18. Early Redemption Amount
As set out in the Conditions
(Condition 6(c)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
19. Form of Notes (Condition 1(a)):
Fed Bookentry Notes:

Fed Bookentry Notes available on Issue Date
20. New Global Note:
No
21. Financial Centre(s) or other special
New York
provisions relating to payment dates
(Condition 7(h)):
22. Governing law (Condition 14):
New York
23. Other final terms:
Not Applicable
DISTRIBUTION
24. (i) If syndicated, names of
Not Applicable
Managers and underwriting

commitments:
(ii) Stabilizing Manager(s) (if any): Not Applicable
25. If non-syndicated, name of Dealer:
Scotiabank Europe plc

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26. Total commission and concession:
0.031 per cent. of the Aggregate Nominal Amount of this
Tranche
27. Additional selling restrictions:
Not Applicable
28. MiFID II product governance Directive 2014/65/EU (as amended, "MiFID II")
Retail investors, professional
product governance / Retail investors, professional
investors and ECPs target markets:
investors and eligible counterparties ("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.
IBRD does not fall under the scope of application of the
MiFID II package. Consequently, IBRD does not qualify
as an "investment firm", "manufacturer" or "distributor"
for the purposes of MiFID II.
For the purposes of this provision, the term
"manufacturers" means the Dealer.
OPERATIONAL INFORMATION
29. ISIN Code:
US459058GX53
30. CUSIP:
459058GX5
31. Common Code:
201614139
32. Any clearing system(s) other than
Bookentry system of the Federal Reserve Banks;
Euroclear Bank SA/NV, Clearstream Euroclear
Banking, S.A. and The Depository
Bank SA/NV; Clearstream Banking, S.A.
Trust Company and the relevant
identification number(s):
33. Delivery:
Delivery against payment
34. Intended to be held in a manner
Not Applicable
which would allow Eurosystem

eligibility:
GENERAL INFORMATION

IBRD's most recent Information Statement was issued on September 24, 2019.

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USE OF PROCEEDS
Supporting sustainable development in IBRD's member countries

The net proceeds from the sale of the Notes will be used by IBRD to finance sustainable
development projects and programs in IBRD's member countries (without being committed or
earmarked for lending to, or financing of, any particular projects or programs). Prior to use, the net
proceeds will be invested by IBRD's Treasury in accordance with IBRD's liquid asset management
investment policies. IBRD's financing is made available solely to middle-income and creditworthy
lower-income member countries who are working in partnership with IBRD to eliminate extreme
poverty and boost shared prosperity, so that they can achieve equitable and sustainable economic
growth in their national economies and find sustainable solutions to pressing regional and global
economic and environmental problems. Projects and programs supported by IBRD are designed to
achieve a positive social impact and undergo a rigorous review and internal approval process aimed at
safeguarding equitable and sustainable economic growth.

IBRD integrates the following five global themes into its lending activities helping its borrowing
members create sustainable development solutions: climate change; gender; infrastructure, public-
private partnerships and guarantees; knowledge management, and fragility, conflict and violence.

IBRD's administrative and operating expenses are covered entirely by IBRD's various sources of
revenue (net income) consisting primarily of interest margin, equity contribution and investment
income (as more fully described in the Information Statement).
SUPPLEMENTAL PROSPECTUS INFORMATION
The Dealer is represented by Sullivan & Cromwell LLP. From time to time Sullivan & Cromwell
LLP performs legal services for IBRD.
LISTING APPLICATION
These Final Terms comprise the final terms required for the admission to the Official List of the
Luxembourg Stock Exchange and to trading on the Luxembourg Stock Exchange's regulated market of the
Notes described herein issued pursuant to the Global Debt Issuance Facility of International Bank for
Reconstruction and Development.
SUPPLEMENTAL U.S. FEDERAL INCOME TAX CONSIDERATIONS
You should carefully consider the matters set forth under "Tax Matters" in the accompanying
Prospectus. The following discussion supplements the section "Tax Matters" in the accompanying Prospectus
and is subject to the limitations and exceptions set forth therein.
You should consult with your own tax advisor concerning the consequences of investing in and
holding the Notes in your particular circumstances, including the application of state, local or other tax
laws and the possible effects of changes in federal or other tax laws.
Subject to the discussion in the following paragraph regarding amortizable bond premium, a U.S.
Holder will generally be taxed on interest on the Notes as ordinary income at the time the interest is received
or accrued, depending on the U.S. Holder's method of accounting for tax purposes. However, the portion of
the first interest payment on a Note that represents a return of the 139 days of accrued interest that a U.S.
Holder paid upon the purchase of the Note ("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.
Because the purchase price of the Notes exceeds the principal amount of the Notes, a U.S. 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 U.S. 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 U.S. Holder

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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 U.S. Holder holds at the beginning
of the first taxable year to which the election applies or that such holder thereafter acquires, and the U.S.
Holder may not revoke the election without the consent of the Internal Revenue Service.
Upon a sale or retirement of the Notes, a U.S. 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 amounts
attributable to accrued but unpaid interest, which would be treated as interest payments except to the extent
that such amounts are a return of Pre-Issuance Accrued Interest) and (ii) the U.S. Holder's adjusted tax basis in
the Notes. A U.S. Holder's adjusted tax basis in the Notes generally will equal the cost of the Notes to the
U.S. Holder, reduced by any bond premium that the U.S. Holder previously amortized with respect to the
Notes and reduced by any Pre-Issuance Accrued Interest that was previously received by the U.S. 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.
Information with Respect to Foreign Financial Assets. Owners of "specified foreign financial assets"
with an aggregate value in excess of US$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 (which may
include the Notes), 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 should consult their tax advisors regarding the application of this reporting obligation to their
ownership of the Notes.
Medicare Tax. A U.S. 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 U.S. 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 U.S. Holder's modified adjusted gross income
for the taxable year over a certain threshold (which in the case of individuals is between US$125,000 and
US$250,000, depending on the individual's circumstances). A U.S. Holder's net investment income generally
includes its gross 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). If you are a U.S. Holder that is an individual, estate or
trust, you are urged to consult your tax advisors regarding the applicability of the Medicare tax to your income
and gains in respect of your investment in the Notes.
RESPONSIBILITY
IBRD accepts responsibility for the information contained in these Final Terms.
Signed on behalf of IBRD:
By:
Name:
Title:
Duly authorized
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