Obligation IBRD-Global 0% ( XS1319581960 ) en USD

IBRD-Global

100 % ▲

Etas-Unis

XS1319581960 ( en USD )

08/07/2024 - Obligation échue

Prospectus brochure de l'obligation IBRD XS1319581960 en USD 0%, échue

100 USD

16 387 700 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 XS1319581960, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 08/07/2024

EXECUTION VERSION

Warning: the final Aggregate Nominal Amount will be known once the Offer Period is
closed. The results of the offer of the Notes and the final Aggregate Nominal Amount will be
published as soon as possible after the closing of the Offer Period on the following website:
www.GreenGrowthBond.com. For the avoidance of doubt, once this information will have been
published, all the other terms and conditions will remain as disclosed in the below Final Terms.

FINAL TERMS dated November 12, 2015

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
(the "Issuer")

Issue of minimum USD 5,000,000 and maximum USD 150,000,0000 Notes Linked to the
Ethical Europe Climate Care Index
due July 2024
(the "Notes")
under the Issuer's Global Debt Issuance Facility
Commercial name of the Notes in the Public Offer Jurisdictions:
The World Bank Green Growth Bonds 07/2024

The Prospectus dated May 28, 2008 referred to below (as completed by these Final Terms) has
been prepared on the basis that 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 the 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 Authorised Offerors (as defined below) and that
such offer is made during the Offer Period specified for such purposes therein.
Neither the Issuer nor the Dealer has authorised, nor do they authorise, the making of any offer of
Notes in any other circumstances.
Except as otherwise stated herein, 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 PROSPECTUS, THE FINAL TERMS, OR ANY OTHER DOCUMENTS
OR MATERIALS RELATING TO THE PUBLIC OFFER IN THE PUBLIC OFFER
JURISDICTION HAVE BEEN OR WILL BE SUBMITTED BY THE ISSUER OR THE
DEALER FOR APPROVAL TO THE BELGIAN FINANCIAL SERVICES AND
MARKETS AUTHORITY, THE LUXEMBOURG COMMISSION DE SURVEILLANCE DU
SECTEUR FINANCIER, OR ANY OTHER COMPETENT AUTHORITY PURSUANT TO
APPLICABLE LAWS AND REGULATIONS. THE PROSPECTUS OR/AND THE
FINAL TERMS DOES NOT CONSTITUTE A PROSPECTUS WHITIN THE MEANING
OF DIRECTIVE 2003/71/EC, AS AMENDED.

INVESTORS ARE HEREBY INFORMED THAT IF A SUPPLEMENT TO OR AN UPDATED
VERSION OF THE PROSPECTUS OR OF THE FINAL TERMS IS PUBLISHED AT ANY
TIME DURING THE OFFER PERIOD (AS DEFINED BELOW), SUCH SUPPLEMENT OR
UPDATED DOCUMENT, AS THE CASE MAY BE, WILL BE PUBLISHED AND MADE
AVAILABLE ON THE WEBSITE www.GreenGrowthBond.com. ANY INVESTORS WHO
HAVE INDICATED ACCEPTANCES OF THE OFFER PRIOR TO THE DATE OF
PUBLICATION OF SUCH SUPPLEMENT OR UPDATED DOCUMENT, AS THE CASE
MAY BE (THE "PUBLICATION DATE"), HAVE THE RIGHT WITHIN TWO WORKING
DAYS (IN BRUSSELS AND LUXEMBOURG) OF THE PUBLICATION DATE TO
WITHDRAW THEIR ACCEPTANCES.
AN INVESTMENT IN THE NOTES IS SUBJECT TO THE RISKS DESCRIBED
BELOW, AS WELL AS THE RISKS DESCRIBED UNDER "RISK FACTORS" IN THE
ACCOMPANYING PROSPECTUS. INVESTORS SHOULD CAREFULLY CONSIDER
WHETHER THE NOTES ARE SUITED TO THEIR PARTICULAR CIRCUMSTANCES.
ACCORDINGLY, PROSPECTIVE INVESTORS SHOULD CONSULT THEIR
FINANCIAL, TAX, AND LEGAL ADVISERS AS TO THE RISKS ENTAILED BY AN
INVESTMENT IN THE NOTES AND THE SUITABILITY OF THE NOTES IN LIGHT
OF THEIR PARTICULAR CIRCUMSTANCES.
BY INVESTING IN THE NOTES, EACH INVESTOR WILL BE DEEMED TO GIVE
THE REPRESENTATIONS AS SET OUT UNDER TERM 33 (C) ("OTHER FINAL
TERMS"). BY SUBSCRIBING TO OR OTHERWISE ACQUIRING THE NOTES, THE
HOLDERS OF THE NOTES ARE DEEMED TO HAVE KNOWLEDGE OF ALL THE
TERMS AND CONDITIONS OF THE NOTES AND TO ACCEPT THE SAID TERMS
AND CONDITIONS.
POTENTIAL INVESTORS SHOULD MAKE THEIR OWN ASSESSMENT OF THE
INVESTMENT AND MAY INVEST IN THE NOTES DURING THE OFFER PERIOD
THROUGH AN AUTHORISED OFFEROR (AS DEFINED BELOW) AND IN
COMPLIANCE WITH ALL APPLICABLE LAWS AND REGULATIONS. EACH
AUTHORISED OFFEROR MUST COMPLY WITH THE APPLICABLE LAWS AND
REGULATIONS CONCERNING INFORMATION DUTIES VIS-À-VIS ITS CLIENTS IN
CONNECTION WITH THE NOTES AND THE PUBLIC OFFER IN THE RELEVANT
PUBLIC OFFER JURISDICTION.
EXCEPT FOR THE PROSPECTUS, ISSUER'S MOST RECENT INFORMATION
STATEMENT
AND
ISSUER'S
QUARTERLY
FINANCIAL
STATEMENTS
(UNAUDITED), ANY AND ALL INFORMATION AVAILABLE ON THE WEBSITES
REFERRED TO IN THESE FINAL TERMS IS PROVIDED FOR INFORMATIONAL
PURPOSES ONLY AND SHALL NOT BE DEEMED TO FORM PART OF, OR
INCORPORATED BY REFERENCE IN, THESE FINAL TERMS.

2

SUMMARY OF THE NOTES

1.
Issuer:
International Bank for Reconstruction and Development
("IBRD")

2.
(i)
Series Number:
4485

(ii) Tranche Number:
1

3.
Specified Currency or Currencies
United States Dollar ("USD")
(Condition 1(d)):

4.
Aggregate Nominal Amount:

(i)
Series:
Minimum of USD 5,000,000 and up to USD
150,000,000

(ii) Tranche:
Minimum of USD 5,000,000 and up to USD
150,000,000

5.
(i)
Issue Price:
Maximum 102 per cent. of the Aggregate Nominal

Amount

(ii) Net Proceeds:
The Aggregate Nominal Amount, as determined by the

Issuer after the closing of the Offer Period with a
minimum of USD 5,000,000 and up to USD
150,000,000

6.
(i)
Specified Denominations
USD 100

(Condition 1(b)):

(ii) Calculation Amount
USD 100
(Condition 5(j)):

7.
Issue Date:
January 8, 2016

8.
Maturity Date (Condition 6(a)):
July 8, 2024

9.
Interest Basis (Condition 5):
Index Linked Interest
(further particulars specified below under Terms 16
("Index Linked Interest Notes Provisions"), 19 ("Index-
Related Events") and 20 ("Amendment Event / Early
Index Linked Interest Amount Event"))

10. Redemption/Payment Basis
Redemption at par on the Maturity Date
(Condition 6):

11. Change of Interest or
Not Applicable
Redemption/Payment Basis:

12. Call/Put Options (Condition 6):
None

3

13. Status of the Notes (Condition 3):
Unsecured and unsubordinated

14. Listing:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to listing on the
official list and to trading on the regulated market of the
Luxembourg Stock Exchange with effect from the Issue
Date. The issuance of the Notes are however not subject
to a successful application for such listing.

15. Method of distribution:
Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. 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 shall be an amount in
USD calculated by the Calculation Agent (as defined
below in paragraph (ii)) in accordance with the following
formula:

the Calculation Amount multiplied by the greater of
(i) the Average Index Return and (ii) zero (0).

Upon the occurrence of an Amendment Event on or prior
to the Final Observation Date, no Index Linked Interest
Amount shall be payable on the Maturity Date, but any
Early Index Linked Interest Amount shall be payable as
soon as reasonably practicable after the Amendment
Event occurs.
Whereby:
"Amendment Event" has the meaning given to it under
Term 20 ("Amendment Event / Early Index Linked
Interest Amount") below.
"Average Index Return" means the quotient, expressed
as a percentage, as calculated by the Calculation Agent,
equal to (i) the Average Index Level (Sf) minus the Initial
Index Level (S0) divided by (ii) the Initial Index Level
(S0).
"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.

4

"Early Index Linked Interest Amount" means the
higher of (i) zero and (ii) the fair market value of the
equity option embedded in each Note, as determined by
the Calculation Agent in good faith and in a
commercially reasonable manner. 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.
"Index" means the Ethical Europe Climate Care Index
(Bloomberg:
SOLCARE
<Index>;
ISIN:
DE000SLA03W2; WKN: SLA03W). The Index is a
multi-exchange index and is thus a composite index. The
Index is a price return index.
Further information in respect of the Index (including its
daily closing price, its components, the selection process,
and specifications and information relevant for
calculating the Index) is available on the following
website
of
the
Index
Sponsor:
www.ethicalclimatecare.com/europe
"Initial Observation Date" means January 8, 2016 (the
"Scheduled Initial Observation Date"), subject to
postponement in the event such Trading Day is a
Disrupted Day as per Term 19(a) ("Index-Related
Event") below.

"Sf" 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 Sf Observation
Daten, as calculated by the Calculation Agent.

"Sf Observation Daten" (with n ranging from 1 to 31)
means December 21, 2021 (n=1), January 25, 2022
(n=2), February 22, 2022 (n=3), March 25, 2022 (n=4),
April 21, 2022 (n=5), May 24, 2022 (n=6), June 23,
2022 (n=7), July 25, 2022 (n=8), August 25, 2022 (n=9),
September 26, 2022 (n=10), October 25, 2022 (n=11),
November 24, 2022 (n=12), December 21, 2022 (n=13),
January 25, 2023 (n=14), February 22, 2023 (n=15),
March 24, 2023 (n=16), April 21, 2023 (n=17), May
24, 2023 (n=18), June 26, 2023 (n=19), July 25, 2023
(n=20), August 25, 2023 (n=21), September 25, 2023
(n=22), October 25, 2023 (n=23), November 24, 2023
(n=24), December 20, 2023 (n=25), January 25, 2024
(n=26), February 23, 2024 (n=27), March 22, 2024
(n=28), April 22, 2024 (n=29), May 24, 2024 (n=30), and
June 18, 2024 (n=31) (the "Final Observation Date")
(each a "Scheduled Sf Observation Date"), each such
Scheduled Sf Observation Date subject to postponement
5

in the event such Trading Day is a Disrupted Day as per
Term 19(a) ("Index-Related Events") below.
"S0" 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.

(See Terms 19, 20 and 21 for additional definitions of
terms used in this paragraph and not otherwise defined)

(ii) Party responsible for
BNP Paribas S.A or such successor calculation agent as
calculating the Index Linked
may from time to time be appointed by the Issuer. All
Interest Amount, the Early Index
determinations made by the Calculation Agent will be

Linked Interest Amount, any
made in good faith and in a commercially reasonable
interest due beside any Early
manner and, absent a determination of a manifest error,
Redemption Amount, or any related will be conclusive for all purposes and binding on the
calculations (the "Calculation
holders and beneficial owners of the Notes. Neither the
Agent"):
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.

(iii) Interest Determination
If no Amendment Event has occurred on or prior to the
Date(s):
Final Observation Date: the Final Observation Date; or
If an Amendment Event has occurred on or prior to the
Final Observation Date: as soon as reasonably practical
after the Amendment Event occurs.
(iv) Provisions for determining
As set out under Term 19 ("Index-Related Events") and
Interest Amounts where calculation
under Term 20 ("Amendment Event/Early Index Linked
by reference to Index and/or
Interest Amount")
Formula and/or other variable is

impossible or impracticable or
otherwise disrupted:
(v) Interest Period(s):
Not Applicable

(vi) Specified Interest Payment
If no Amendment Event has occurred on or prior to the
Dates:
Final Observation Date: the Maturity Date ; or
If an Amendment Event has occurred on or prior to the
Final Observation Date: as soon as practicable after the
Amendment Event occurs.

(vii) Business Day Convention:
Not Applicable

(viii) Business Centre(s)
London and New York
(Condition 5(l)):

6

(x) Minimum Rate of Interest:
0.00 per cent.

(xi) Maximum Rate of Interest:
Not Applicable

(xii) Day Count Fraction
Not Applicable
(Condition 5(l)):

PROVISIONS RELATING TO REDEMPTION

17. Final Redemption Amount of each
USD 100 per Calculation Amount
Note (Condition 6):
For the avoidance of doubt, the Final Redemption
Amount shall be due hereunder, irrespective of:

(i) whether or not an Index Linked Interest
Amount is also due (as per Term 16 ("Index
Linked Interest Note Provisions")), and
(ii) whether or not an Amendment Event has
occurred or an Early Index Linked Interest
Amount has become payable hereunder (as per
Term 20 ("Amendment Event / Early Index
Linked Interest Amount")).

18. Early Redemption Amount
The Early Redemption Amount per Calculation Amount,
(Condition 6(c)):
upon it becoming due and payable as provided in
Early Redemption Amount(s) per
Condition 9, shall be USD 100. The accrued interest
Calculation Amount payable on
quoted under Condition 9 shall be due on the same early
event of default and/or the method
redemption date and shall be determined by the
of calculating the same:
Calculation Agent by calculating (upon request from the
Issuer that shall inform the Calculation Agent as soon as
practicable upon receipt of any notice received by it
within the framework of Condition 9) the fair market
value of the equity option embedded in the Note that will
be early redeemed. The value of such derivative
component shall be the value of such derivative
component on the day that the Notes become due under
Condition 9.

ADDITIONAL PROVISIONS RELATING TO THE INDEX
19. Index-Related Events:
(a) Scheduled Sf Observation Date or
Scheduled Initial Observation Date, as
applicable, is a Disrupted Day:
If in the opinion of the Calculation Agent the Scheduled
Sf Observation Date or Scheduled Initial Observation
Date, as applicable, occurs on a day that is a Disrupted
Day, then the Sf 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
7

immediately following the Scheduled Sf Observation
Date or Scheduled Initial Observation Date, as
applicable, is a Disrupted Day. In that case, (i) the eighth
such consecutive Trading Day shall be deemed to be the
Sf 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 in a commercially reasonable manner, 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 occurrence of an
Amendment Event pursuant to Term 20 ("Amendment
Event / Early Index Linked Interest Amount")) 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
8

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 in a
commercially reasonable manner 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 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.
Corrections 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.

9

20. Amendment Event / Early Index
In the event of the occurrence of an Amendment Event,
Linked Interest Amount:
the Issuer shall be required to pay an amount, calculated
per Calculation Amount, equal to the Early Index Linked
Interest Amount as soon as practicable after the
Amendment Event occurs but only if the Early Index
Linked Interest Amount is higher than zero.
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 Final Redemption Amount
on the Maturity Date (see Term 17 ("Final Redemption
Amount of each Note")).
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 in a
commercially reasonable manner, that the
application of the provisions of Term 19(b)
("Index-Related Events -- Successor Index and
Index Cancellation") 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 forthwith 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 Noteholders as soon as
practicable in accordance with Condition 12, stating the
receipt of the Notice, giving details of the relevant
determination made by the Calculation Agent, and the
Specified Interest Payment Date on which the Early
Index Linked Interest Amount will be paid.
"Early Index Linked Interest Amount" has the
meaning given to it in Term 16 ("Index Linked Interest
Note Provisions") above.
"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
10