Obligation Inter-American Development Bank 2.625% ( US4581X0DF28 ) en USD

Inter-American Development Bank

97.73 % ⇌

Etats-unis

US4581X0DF28 ( en USD )

2.625% par an ( paiement semestriel )

15/01/2024 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank US4581X0DF28 en USD 2.625%, échue

1 000 USD

3 250 000 000 USD

4581X0DF2

N/A

L'Obligation émise par Inter-American Development Bank ( Etats-unis ) , en USD, avec le code ISIN US4581X0DF28, paye un coupon de 2.625% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/01/2024

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 692

U.S.$3,250,000,000 2.625 percent Notes due January 16, 2024
Issue Price: 99.466 percent

Application has been made for the Notes to be admitted to the
Official List of the United Kingdom Listing Authority and
to trading on the London Stock Exchange plc's
Regulated Market

Barclays
BNP PARIBAS
HSBC
J.P. Morgan

BofA Merrill Lynch
Citigroup
Crédit Agricole CIB
Deutsche Bank
Goldman Sachs International
Morgan Stanley
Nomura
RBC Capital Markets
TD Securities
Wells Fargo Securities

The date of this Pricing Supplement is January 14, 2019.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 692
U.S.$3,250,000,000 2.625 percent Notes due January 16, 2024

DC_LAN01:370025.2

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 Directive 2003/71/EC of the European Parliament and of the
Council). 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.:
692
2.
Aggregate Principal Amount:
U.S.$3,250,000,000
3.
Issue Price:
U.S.$3,232,645,000 which is 99.466 percent of
the Aggregate Principal Amount
4.
Issue Date:
January 16, 2019
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
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 692
U.S.$3,250,000,000 2.625 percent Notes due January 16, 2024

DC_LAN01:370025.2

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):
January 16, 2024
11. Interest Basis

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

(Condition 5(III)):
Issue Date (January 16, 2019)
13. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
2.625 percent per annum

(b)
Fixed Rate Interest Payment

Date(s):
Semi-annually in arrear on January 16 and July
16 in each year, commencing on July 16, 2019

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

Fraction(s):
30/360
14. Relevant Financial Center:
New York
15. Relevant Business Days:
New York
16. Issuer's Optional Redemption

(Condition 6(e)):
No
17. Redemption at the Option of the

Noteholders (Condition 6(f)):
No
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 692
U.S.$3,250,000,000 2.625 percent Notes due January 16, 2024

DC_LAN01:370025.2

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:
Each of the Managers 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.

(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, each of the Managers 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 United
Kingdom Listing Authority and to trading on the
London Stock Exchange plc's Regulated Market

2.
Details of Clearance System
Approved by the Bank and the

Global Agent and Clearance and
Settlement Procedures:
Federal Reserve Bank of New York; Euroclear
Bank S.A./N.V.; Clearstream, Luxembourg
3.
Syndicated:
Yes
4.
If Syndicated:

(a)
Liability:
Several and not joint
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 692
U.S.$3,250,000,000 2.625 percent Notes due January 16, 2024

DC_LAN01:370025.2

(b)
Joint Lead Managers:
Barclays Bank PLC
BNP Paribas
HSBC Bank plc
J.P. Morgan Securities plc

5.
Commissions and Concessions:
0.125% of the Aggregate Principal Amount
6.
Estimated Total Expenses:
None. The Joint Lead Managers have agreed to
pay for certain expenses related to the issuance
of the Notes.
7.
Codes:

(a)
Common Code:
193619266

(b)
ISIN:
US4581X0DF28

(c)
CUSIP:
4581X0DF2
8.
Identity of Managers:
Barclays Bank PLC
BNP Paribas
HSBC Bank plc
J.P. Morgan Securities plc

Citigroup Global Markets Limited
Crédit Agricole
Corporate and Investment Bank
Deutsche Bank AG, London Branch
Goldman Sachs International
Merrill Lynch International
Morgan Stanley & Co. International plc
Nomura International plc
RBC Capital Markets, LLC
The Toronto-Dominion Bank
Wells Fargo Securities, LLC

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.
5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 692
U.S.$3,250,000,000 2.625 percent Notes due January 16, 2024

DC_LAN01:370025.2

MIFID II product governance / Retail investors, professional investors and ECPs
target market Solely for the purposes of the manufacturers' 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 manufacturers' 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 manufacturers' 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 U.S. 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 U.S. federal, state, and local tax laws and non-U.S. tax
laws and possible changes in tax laws.
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."
The Notes will be issued with a de minimis amount of original issue discount ("OID").
While a United States holder is generally not required to include de minimis OID in income
prior to the sale or maturity of the Notes, United States holders that maintain certain types of
financial statements and that are subject to the accrual method of tax accounting may be
required to include de minimis OID on the Notes in income no later than the time upon which
they include such amounts in income on their financial statements. United States holders that
maintain financial statements should consult their tax advisors regarding the tax consequences
to them of this requirement.
Upon a sale, redemption or retirement of a Note, 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, redemption or retirement (other than amounts attributable to accrued but unpaid
interest, which would be treated as such) and (ii) the United States holder's adjusted tax basis in
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 692
U.S.$3,250,000,000 2.625 percent Notes due January 16, 2024

DC_LAN01:370025.2