Obligation IBRD-Global 0% ( XS0341063559 ) en USD

IBRD-Global

100 % ⇌

Etats-unis

XS0341063559 ( en USD )

28/01/2038

Prospectus brochure de l'obligation IBRD XS0341063559 en USD 0%, échéance 28/01/2038

67 080 000 USD

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 XS0341063559, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 28/01/2038

Pricing Supplement
International Bank for Reconstruction and Development
Global Debt Issuance Facility
No. 3497
USD10,000,000 Callable Zero Coupon Notes due January 28, 2038
Morgan Stanley
The date of this Pricing Supplement is January 23, 2008

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:
3497
2.
Aggregate Principal Amount:
USD10,000,000
3.
Issue Price:
100.00 per cent. of the Aggregate Principal
Amount
4.
Issue Date:
January 28, 2008
5.
Form of Notes (Condition 1(a)):
Bearer Notes only
6.
Authorized Denominations (Condition
USD1,000,000
1(b)):
7.
Specified Currency (Condition 1(d)):
United States Dollars ("USD")
8.
Maturity Date:
January 28, 2038
9.
Interest Basis (Condition 5):
Zero Coupon (see paragraph 10 below)
10.
Zero Coupon (Conditions 5(IV) and 6(c)):
(a)
Amortization Yield:
6.550 per cent.
(b)
Reference Price:
Not Applicable
(c)
Basis:
Not Applicable
(d)
Fixed Rate Day Count Fraction(s) if
Not Applicable
not 30/360 basis:
11.
Relevant Financial Center:
New York
12.
Relevant Business Days:
New York and London
13.
Redemption Amount (if other than Principal 670.816323 per cent. of the Authorized
Amount) (Condition 6(a)):
Denomination
14.
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):
January 28 in each year commencing on and
including January 28, 2009 and ending on and
2

including January 28, 2037 (each, an "Issuer's
Optional Redemption Date")
(d) Early Redemption Amount:
The Early Redemption Amount for each Issuer
Optional Redemption Date is set out opposite
such date in the table below, expressed as a
percentage of the Authorized Denomination, and
payable on the applicable Issuer's Optional
Redemption Date:
Issuers' Optional
Early Redemption Amount
Redemption Date
expressed as a percentage
of the Authorized
Denomination
January 28, 2009
106.550000 per cent.
January 28, 2010
113.529025 per cent.
January 28, 2011
120.965176 per cent.
January 28, 2012
128.888395 per cent.
January 28, 2013
137.330585 per cent.
January 28, 2014
146.325738 per cent.
January 28, 2015
155.910074 per cent.
January 28, 2016
166.122184 per cent.
January 28, 2017
177.003187 per cent.
January 28, 2018
188.596896 per cent.
January 28, 2019
200.949993 per cent.
January 28, 2020
214.112217 per cent.
January 28, 2021
228.136567 per cent.
January 28, 2022
243.079513 per cent.
January 28, 2023
259.001221 per cent.
January 28, 2024
275.965801 per cent.
January 28, 2025
294.041560 per cent.
January 28, 2026
313.301283 per cent.
January 28, 2027
333.822517 per cent.
January 28, 2028
355.687892 per cent.
January 28, 2029
378.985448 per cent.
January 28, 2030
403.808995 per cent.
January 28, 2031
430.258484 per cent.
January 28, 2032
458.440415 per cent.
January 28, 2033
488.468262 per cent.
January 28, 2034
520.462934 per cent.
January 28, 2035
554.553256 per cent.
January 28, 2036
590.876494 per cent.
3

January 28, 2037
629.578904 per cent.
(e) Notices:
So long as the Notes are represented by a
Permanent Global Note and the Permanent 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
15.
Redemption at the option of the
No
Noteholders (Condition 6(f)):
16.
Long Maturity Note (Condition 7(f)):
No
17.
Unmatured Coupons Void:
No
18.
Talons for future coupons to be attached to
Not Applicable
the Definitive Bearer Notes (Condition
7(h)):
19.
Early Redemption Amount (including
The Early Redemption Amount for Notes which
accrued interest, if applicable) (Condition
become due and payable under Condition 9 during
9):
the period from and including the Issue Date to
but excluding January 28, 2009 shall be
calculated in accordance with Condition 6(c). For
the purposes of this paragraph 19 and the
calculation of the Early Redemption Amount for
Notes which become due and payable under
Condition 9 during the period from and including
the Issue Date to but excluding January 28, 2009
only, the term "Reference Price" in Condition
6(c)(ii) shall mean "USD10,000,000" and the
term Principal Amount shall mean
"USD67,081,632.30".
The Early Redemption Amount for Notes which
become due and payable under Condition 9 during
the period from and including January 28, 2009 to
but excluding the Maturity Date shall be the Early
Redemption Amount which is set out in
paragraph 14(d), expressed as a percentage of the
Authorized Denomination, and which corresponds
to the Issuer's Optional Redemption Date which
immediately precedes the date on which such
Notes have become due and payable under
Condition 9, together with interest which accrues
(using the Fixed Rate Day Count Fraction set out
in Condition 6(c)(ii) at the rate of the
4

Amortisation Yield from, and including, such
Issuer's Optional Redemption Date to, but
excluding, the Relevant Date)
20.
Prescription (Condition 8):
(a)
Principal:
10 years
(b)
Interest:
Not Applicable
21.
Governing Law of the Notes:
English
Other Relevant Terms
1.
Listing (if yes, specify Stock Exchange):
Yes Luxembourg Stock Exchange
2.
Details of Clearance System approved by
Clearstream Banking, société anonyme and Euroclear
the Bank and the Global Agent and
Bank S.A./N.V. Payment for the Notes will be on a
Clearance and Settlement Procedures:
payment versus delivery basis.
3.
Syndicated:
No
4.
Commissions and Concessions:
None
5.
Codes:
(a)
Common Code:
034106355
(b)
ISIN:
XS0341063559
6.
Identity of Dealer:
Morgan Stanley & Co. International plc
7.
Provisions for Bearer Notes:
(a)
Exchange Date:
Not earlier than March 10, 2008
(b)
Permanent Global Note:
Yes
(c)
Definitive Bearer Notes:
No
8.
Other Address at which Bank Information
None
available:
General Information
The Bank's latest Information Statement was issued on September 14, 2007.
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
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.
5

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 States:
TEFRA D Rules apply.
The Notes are subject to United States tax law restrictions.
Notes may not be offered, sold or delivered, directly or
indirectly, within the United States or to United States persons
except to the extent permitted in the Terms Agreement.
2.
United Kingdom:
Each 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

INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
1818 H Street, NW
Washington D.C. 20433
GLOBAL AGENT
Citibank, N.A.
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
7