Obligation IBRD-Global 1.75% ( XS1233613188 ) en USD

IBRD-Global

100 % ⇌

Etas-Unis

XS1233613188 ( en USD )

1.75% par an ( paiement semestriel )

05/07/2023 - Obligation échue

Prospectus brochure de l'obligation IBRD XS1233613188 en USD 1.75%, échue

2 000 USD

83 540 000 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 ( Etas-Unis ) , en USD, avec le code ISIN XS1233613188, paye un coupon de 1.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 05/07/2023

FINAL TERMS dated June 17, 2015
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
(the "Issuer")
Issue ofUSD 83,540,000 Notes Linked to the Ethical Europe Equity Index
due July 5, 2023
(the "Notes" or the "Green Growth Bonds")
under the Issuer's Global Debt Issuance Facility
The Prospectus dated May 28, 2008 referred to below (as completed by these Final Terms) has
been prepared on the basis that, except as provided in sub-paragraph (ii) below, any person making
or intending to make an offer of the Notes may only do so in:
(i)
circumstances in which no obligation arises for the Issuer or any Dealer to publish a
prospectus or to distribute the Prospectus or any amendment or supplement thereto issued in
connection with the offering of any of the Notes or any other offering material, or in any jurisdiction
where there are no requirements for such purpose to be complied with; or
(ii)
the Public Offer Jurisdiction mentioned in the Terms and Conditions of the Public Offer
set out below, provided such person is one of the persons mentioned in the Terms and Conditions
of the Public Offer set out below (the "Authorised Offerors") and that such offer is made during
the Offer Period specified for such purposes therein.
Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of
Notes in any other circumstances.
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 Issuer's Global Debt Issuance Facility Prospectus
dated May 28, 2008 (the "Prospectus").
THIS DOCUMENT CONSTITUTES THE FINAL TERMS OF THE NOTES DESCRIBED
HEREIN AND MUST BE READ IN CONJUNCTION WITH SUCH PROSPECTUS.
NONE OF THE PUBLIC OFFER IN IT ALY, THE PROSPECTUS AND THIS DOCUMENT OR
ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE PUBLIC OFFER IN
IT ALY HA VE BEEN OR WILL BE SUBMITTED TO THE CLEARANCE PROCEDURES OF
THE COMMISSIONE NAZIONALE PER LE SOC/ETA ELA BORSA ("CONSOB") PURSUANT
TO APPLICABLE ITALIAN LAWS AND REGULATIONS. THE PUBLIC OFFER IS BEING
CARRIED OUT IN THE REPUBLIC OF IT ALY AS EXEMPTED OFFER PURSUANT TO
ARTICLE 100, PARAGRAPH l(D) OF ITALIAN LEGISLATIVE DECREE NO. 58 OF 24
FEBRUARY 1998 AS AMENDED; THEREFORE THE PROSPECTUS DOES NOT
CONSTITUTE A PROSPECTUS WHITIN THE MEANING OF DIRECTIVE 2003/71/EC AS
AMENDED AND IMPLEMENTED IN IT ALY.

POTENTIAL INVESTORS SHOULD MAKE THEIR OWN ASSESSMENT OF THE
INVESTMENT AND MAY INVEST IN THE NOTES DURING THE OFFER PERIOD
THROUGH AUTHORISED PERSONS AND IN COMPLIANCE WITH APPLICABLE LAWS
AND REGULA TIO NS OR WITH REQUIREMENTS IMPOSED BY CONSOB, OR ANY
OTHER ITALIAN AUTHORITY. EACH AUTHORISED OFFEROR MUST COMPLY WITH
THE APPLICABLE LAWS AND REGULATIONS CONCERNING INFORMATION DUTIES
VIS-A-VIS ITS CLIENTS IN CONNECTION WITH THE NOTES AND THE PUBLIC OFFER
IN ITALY.
ONLY THE ENGLISH VERSION OF THE FINAL TERMS AND PROSPECTUS IS BINDING
AND ANY ITALIAN TRANSLATION THEREOF IS NON-BINDING AND IN CASE OF ANY
CONTRADICTION BETWEEN THE TWO VERSIONS THE ENGLISH VERSION WILL
PREVAIL.
SUMMARY OF THE NOTES
1. Issuer:
International Bank for Reconstruction and Development
("IBRD")
2. (i) Series Number:
4407
(ii) Tranche Number:
3.
Specified Currency or Currencies
United States Dollar ("USD")
(Condition l(d)):
4. Aggregate Nominal Amount:
(i) Series:
USD 83,540,000
(ii) Tranche:
USD 83,540,000
5.
(i) Issue Price:
100 per cent. of the Specified Denomination for each Note
(ii) Net Proceeds:
USD 83,540,000
6. (i) Specified Denominations
USD 2,000
(Condition 1 (b )):
(ii) Calculation Amount
USD 2,000
(Condition 5(i)):
7.
Issue Date:
June 29, 2015
8.
Maturity Date (Condition 6(a)):
July 5, 2023.
9. Interest Basis (Condition 5):
1. 75% Fixed Rate from and including the Issue Date to but
excluding June 29, 2017 and Index Linked Interest from
and including the Issue Date to but excluding the Maturity
Date (subject to the occurrence of an Amendment Event)
(further patiiculars specified below in Term 16, Term 17
and Term 21)
2

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):
None
13. Status of the Notes (Condition 3):
Unsecured and unsubordinated
14. Listing:
Application will be made by the Dealer for the Notes to be
admitted to listing and to trading on the Mercato
Telematico delle Obbligazioni (MOT), EuroMOT
segment, organised and managed by Borsa Italiana S.p.A ..
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:
1.75 per cent. payable annually in arrear
(ii) Interest Payment Date(s):
June 29, 2016 and June 29, 2017
(iii) Fixed Coupon Amount:
USD 35.00 per Calculation Amount
(v) Day Count Fraction
30/360
(Condition 5(1)):
(vi) Other terms relating to the
Not Applicable
method of calculating interest for
Fixed Rate Notes:
17. Index Linked Interest Note
Applicable
Provisions (Condition 5):
(i) Index/Formula/other variable: If no Amendment Event has occurred on or prior to the
Final Observation Date, the Index Linked Interest
Amount, calculated per Calculation Amount, shall be
payable on the Maturity Date and will be an amount in
USD calculated by the Calculation Agent in accordance
with the following:
The product of USD 2,000 multiplied by the greater
of (i) the Average Index Return and (ii) zero (0)
If an Amendment Event has occUITed on or prior to the
Final Observation Date, no Index Linked Interest Amount
shall be payable.
3

Whereby:
"Amendment Event" has the meaning given to it in Term
21 below.
"Average Index Return" means the quotient, expressed
as a percentage, as calculated by the Calculation Agent,
equal to (i) the Average Index Level (Sr) minus the Initial
Index Level (So) divided by (ii) the Initial Index Level (So)
"Closing Level" on any Trading Day means the official
closing level of the Index or any Successor Index
published by the Index Sponsor at the Scheduled Closing
Time as determined by the Calculation Agent.
"Index" means the Ethical Europe Equity Index
(Bloomberg code: SOLEEE). The Index is a composite
index that is fu1ther described on the Index Sponsor
website
http://www. sol active. com/en/?s=eth i ca I %20europe%20e
guity&index=DEOOOSLA5EE6
"Sr" or "Average Index Level", means the arithmetic
mean (rounded to the nearest four (4) decimal places,
0.00005 rounded upwards) of the Closing Levels (as
defined above) of the Index on each Sr Observation Daten,
as calculated by the Calculation Agent.
"Sr Observation Oaten" means June 15, 2016 (n=l), June
15, 2017 (n=2), June 15, 2018 (n=3), June 17, 2019 (n=4),
June 15, 2020 (n=5), June 15, 2021 (n=6), June 15, 2022
(n=7) and June 15, 2023 (n=8) (the "Final Observation
Date") (each a "Scheduled Sr Observation Date"), each
such Scheduled Sr Observation Date subject to
postponement in the event such Trading Day is a
Disrupted Day as per Term 20(a) below.
"So" or "Initial Index Level", means the Closing Level
(as defined above) of the Index on the Initial Observation
Date as calculated by the Calculation Agent.
"Initial Observation Date" means the Trade Date (the
"Scheduled Initial Observation Date"), subject to
postponement in the event such Trading Day is a
Disrupted Day as per Term 20(a) below.
(ii) Pa1ty responsible for
BNP Paribas
calculating Rate(s) of Interest
and/or Interest Amount(s) (the
"Calculation Agent"):
(iii) Interest Determination
The Final Observation Date
Date(s):
4

(iv) Provisions for determining
As set out in Term 20 below
Coupon where calculation by
reference to Index and/or Formula
and/or other variable is impossible
or impracticable or otherwise
disrupted:
(v) Interest Period(s):
Not Applicable
(vi) Specified Interest Payment
The Maturity Date
Dates:
(vii) Business Day Convention:
Not Applicable
(viii) Business Centre(s)
London and New York
(Condition 5(1)):
(x) Minimum Rate of Interest:
0. 00 per cent.
(xi) Maximum Rate of Interest:
Not Applicable
(xii) Day Count Fraction
Not Applicable
(Condition 5(1)):
PROVISIONS RELATING TO REDEMPTION
18. Final Redemption Amount of each
USD 2,000 per Calculation Amount
Note (Condition 6):
19. Early Redemption Amount
The Early Redemption Amount per Calculation Amount,
(Condition 6(c)):
upon it becoming due and payable as provided in
Condition 9, shall be the fair market value of the Notes
taking into account the event leading to the early
redemption, as determined by the Calculation Agent in
good faith and according to the best market practice,
provided that the Early Redemption Amount shall never
be less than USD 2,000 per Calculation Amount. Any
Early Redemption Amount not paid when due as provided
in Condition 9, shall be payable together with accrued
interest calculated in accordance with Condition 5
applying the terms set f01th in Term 16.
5

ADDITIONAL PROVISIONS RELATING TO THE INDEX
20. Index-Related Events:
(a) Scheduled Sr Observation Date or
Scheduled Initial Observation Date, as
applicable, is a Disrupted Day:
If in the opinion of the Calculation Agent the Scheduled Sr
Observation Date or Scheduled Initial Observation Date,
as applicable, occurs on a day that is a Disrupted Day, then
the Sr Observation Daten or Initial Observation Date, as
applicable, will be postponed until the first following
Trading Day that is not a Disrupted Day, unless each of
the eight consecutive Trading Days immediately
following the Scheduled Sr Observation Date or Scheduled
Initial Observation Date, as applicable, is a Disrupted Day.
In that case, (i) the eight such consecutive Trading Day
shall be deemed to be the Sr Observation Date or Initial
Observation Date, as applicable, notwithstanding the fact
that such day is a Disrupted Day, and (ii) the Calculation
Agent shall determine the relevant Closing Level of the
Index on such Trading Day in accordance with the formula
for and method of calculating the Index last in effect prior
to the occurrence of the first Disrupted Day using the
exchange traded or quoted price as of the Scheduled
Closing Time on the last such consecutive Trading Day of
each Component Security (or, if an event giving rise to a
Disrupted Day has occurred in respect of a Component
Security on such eight consecutive Trading Day, its good
faith estimate of the value for the relevant security as of
the Scheduled Closing Time on such eight consecutive
Trading Day).
(b) Successor Index and Index Cancellation:
If the Index Sponsor discontinues publication of the Index
(an "Index Cancellation") and another entity (the
"Successor Index Sponsor") publishes a successor or
substitute Index that the Calculation Agent determines, in
good faith and according to the best market practice, to be
comparable to the Index (a "Successor Index"), then, the
Calculation Agent will substitute the Successor Index as
calculated by the Successor Index Sponsor for the Index.
In the event of an Index Cancellation and:
· the Calculation Agent does not select a Successor
Index, or
· the Successor Index is no longer published on any of
the relevant Trading Days,
the Calculation Agent will (but without prejudice to the
occurrence and the consequences of the occmTence of an
6

Amendment Event pursuant to Term 21) compute a
substitute level for the Index in accordance with the
procedures last used to calculate the level of the Index
before any discontinuation but using only those securities
that composed the Index prior to such discontinuation until
such time as a Successor Index is selected or the Final
Observation Date, whichever is earlier.
If in accordance with the previous paragraphs, a Successor
Index is selected or the Calculation Agent calculates a
level as a substitute for the Index as described above the
Successor Index or level will be used as a substitute for the
Index for all purposes after such selection or substitution,
including for purposes of determining whether a Market
Disruption Event exists, even if the Index Sponsor elects
to begin republishing the Index, unless the Calculation
Agent in good faith and according to the best market
practice decides to use the republished Index.
(c) Index Modification:
If at any time the method of calculating the level of the
Index or the level of the Successor Index, changes in any
material respect, or if the Index or Successor Index is in
any other way modified so that the Index or Successor
Index does not, in the opinion of the Calculation Agent,
fairly represent the level of the Index had those changes or
modifications not been made, then, from and after that
time, the Calculation Agent will on each date that the
closing level of the Index is to be calculated, make any
adjustments as, in the good faith judgment of the
Calculation Agent, may be necessary in order to arrive at
a calculation of a level of a stock index comparable to the
Index or such Successor Index, as the case may be, as if
those changes or modifications had not been made, and
calculate the Closing Level with reference to the Index or
such Successor Index, as so adjusted. Accordingly, if the
method of calculating the Index or a Successor Index is
modified and has a dilutive or concentrative effect on the
level of such index (including, but not limited to a share or
stock split), then the Calculation Agent will adjust such
index in order to arrive at a level of such index as if it had
not been modified (including, but not limited to, as if a
share or stock split had not occurred).
(d) Correction of the Index:
With the exception of any corrections published after the
day which is three Trading Days prior to the Maturity
Date, if the level of the Index published on a given day and
used or to be used by the Calculation Agent to make any
determination under the Notes is subsequently corrected
and the correction is published by the relevant Index
7

Sponsor or (if applicable) the relevant Successor Index
Sponsor, no later than five Trading Days following the
date of the original publication, the level to be used shall
be the level of the Index as so corrected. CoJTections
published after the day which is three Trading Days prior
to the Maturity Date will be disregarded by the Calculation
Agent for the purposes of determining the relevant amount
to be paid.
21. Amendment Event/ Early Index
In the event of the occurrence of an Amendment Event, the
Linked Interest Amount:
Issuer shall be required to pay an amount (which may be
zero), calculated per Calculation Amount, equal to the
Early Index Linked Interest Amount as soon as practicable
after the Amendment Event occurs. For the avoidance of
doubt, the occurrence of an Amendment Event shall not
alter the Issuer's obligation to pay an amount equal to the
Specified Denomination per Calculation Amount on the
Maturity Date.
The term "Amendment Event" means the occurrence of
either of the following events:
(i)
an Index Cancellation occurs on or before the
Final Observation Date and the Calculation Agent
determines, in good faith and according to the best
market practice, that the application of the provisions
of Term 20(b) does not achieve a result providing
investors with a comparable financial exposure; or
(ii)
the Calculation Agent determines that a
Hedging Event has occurred.
The Calculation Agent shall f01thwith give notice (the
"Notice") to the Issuer and the Global Agent of a
determination made under paragraph (i) or (ii) above.
The Issuer shall give notice to the N oteholders as soon as
practicable in accordance with Condition 12( c) and ( d) to
the extent applicable, stating the receipt of the Notice,
giving details of the relevant determination made by the
Calculation Agent and the date on which the Early Index
Linked Interest Amount will be paid.
"Early Index Linked Interest Amount" means the fair
market value of the equity option embedded in each Note,
as determined by the Calculation Agent in good faith and
according to the best market practice. The Early Index
Linked Interest Amount could be zero, but shall not be less
than zero.
The Early Index Linked Interest Amount will be
determined by the Calculation Agent on or as soon as
reasonably practicable after the Amendment Event occurs.
8

"Hedging Event" means each of Change in Law and
Hedging Disruption.
"Change In Law" means that, on or after the Trade Date,
(A) due to the adoption of or any change in any applicable
law or regulation (including, without limitation, any tax
law, solvency or capital requirements), or (B) due to the
promulgation of or any change in the interpretation by any
court, tribunal or regulatory authority with competent
jurisdiction of any applicable law or regulation (including
any action taken by a taxing authority or financial
authority), or the combined effect thereof if occurring
more than once, the Issuer determines in good faith and
according to the best market practice that:
(a)
it has become illegal for it to hold, acquire or
dispose of any relevant hedge positions relating to
the Index; or
(b) it would incur a materially increased cost
(including, without limitation, in respect of any tax,
solvency or capital requirements) in maintaining
the Notes in issue or in holding, acquiring or
disposing of any relevant hedge position relating to
the Index.
"Hedging Disruption" means that the Issuer is in practice
unable, acting in good faith and after using commercially
reasonable effmis, to (A) acquire, establish, re-establish,
substitute, maintain, unwind or dispose of any
transaction(s) (including swap transactions) or asset(s) or
any futures or options contract(s) necessary to hedge the
equity price risk or any other relevant price risk including
but not limited to the currency risk of the Issuer or issuing
and performing its obligations with respect to the Notes,
or (B) realise, recover, remit, receive, repatriate or transfer
the proceeds of any such transaction(s) or asset(s) or
futures or option contract(s) or any relevant hedge
positions relating to the Index.
The Issuer shall be entitled to determine the Early Index
Linked Interest Amount and to make all determinations
under "Change in Law" and "Hedging Disruption" in lieu
of the Calculation Agent, in the event the Calculation
Agent is unable to fulfil its obligations hereunder due to
its bankruptcy, insolvency (or other similar proceedings),
or it becoming subject to the appointment of an
administrator or other similar official, with insolvency,
rehabilitative or regulatory jurisdiction over it.
22. Additional Definitions:
"Calculation Agent" means BNP Paribas or such
successor calculation agent as may from time to time be
appointed by the Issuer. All determinations made by the
Calculation Agent will be made in good faith and
9

according to the best market practice and, absent a
determination of a manifest error, will be conclusive for
all purposes and binding on the holders and beneficial
owners of the Securities. Neither the Calculation Agent
nor the Issuer will have any responsibility for good faith
errors or omissions in calculating or disseminating
information regarding the Index or any Successor Index or
as to modifications, adjustments or calculations by the
Index Sponsor or any Successor Index Sponsor in order to
arrive at the level of the Index or any Successor Index.
"Component Security" means any security comprised in
the Index.
"Disrupted Day" means a Trading Day in respect of
which the Calculation Agent has determined a Market
Disruption Event has occurred or is continuing.
"Exchange" means in respect of each Component
Security the principal stock exchange on which such
Component Security is principally traded.
"Early Closure" means the closure on any Exchange
Business Day of the Exchange in respect of any
Component Security or the Related Exchange prior to its
normally Scheduled Closing Time unless such earlier
closing time is announced by such Exchange or Related
Exchange (as the case may be) at least one hour prior to
the earlier of (i) the actual closing time for the regular
trading session on such Exchange or Related Exchange (as
the case may be) on such Exchange Business Day and (ii)
the submission deadline for orders to be entered into the
Exchange system for execution at the close of trading on
such Exchange Business Day.
"Exchange Business Day" means any Trading Day on
which the Index Sponsor publishes the level of the Index,
each Exchange and Related Exchange is open for business
during its regular trading session, notwithstanding any
such Exchange or Related Exchange closing prior to its
scheduled weekday closing time and the Issuer determines
in good faith and according to the best market practice that
it is able to hedge its obligations in respect of the Index.
"Exchange Disruption" means any event (other than an
Early Closure) that disrupts or impairs (as determined by
the Calculation Agent in good faith and according to the
best market practice) the ability of market participants in
general to effect transactions in or obtain market values for
(A) any Component Security on the Exchange in respect
of such Component Security or (B) futures or options
contracts relating to the Index on the Related Exchange.
10