Filed pursuant to Rule 433
Registration Statement Nos. 333-204638 and 333-209421
August 8, 2016
United Mexican States
Final Terms and Conditions
4.125% Notes due 2026
Reopening
| Issuer: | United Mexican States | |
| Transaction: | 4.125% Notes due 2026 (the “2026 Notes”) | |
| Issue Currency: | U.S. Dollars | |
| Issue Size: | U.S. $760,000,000.00 | |
| Expected Ratings: | A3(negative)/BBB+(stable)/BBB+(stable) (Moody’s/Standard & Poor’s/Fitch) | |
| Maturity Date: | January 21, 2026 | |
| Pricing Date: | August 8, 2016 | |
| Settlement Date: | August 11, 2016 (T+3) | |
| Coupon: | 4.125% | |
| Coupon Payment Frequency: | Semiannual | |
| Issue Price: | 108.831%, plus accrued interest from July 21, 2016. The amount of accrued interest on the 2026 Notes from July 21, 2016 to August 11, 2016 is U.S. $1,741,666.67. | |
| Yield: | 3.042% | |
| Re-offer Spread over Benchmark: | 145 bps | |
| Reference Benchmark: | UST 1.625% due May 2026 | |
| Reference Benchmark Price and Yield: | 100-09+; 1.592% | |
| Interest Payment Dates: | January 21 and July 21 of each year, commencing January 21, 2017 (subject to interest payment date convention disclosed in the prospectus supplement) | |
| Optional Redemption: | Make-Whole Call calculated at Treasuries +30 bps (at any time or from time to time prior to maturity upon giving no less than 30 days’ nor more than 60 days’ notice) | |||
| Gross Proceeds: | U.S. $827,115,600.00 (excluding accrued interest) | |||
| Ranking: | Senior Unsecured | |||
| Governing Law: | New York law | |||
| Registration: | SEC Registered | |||
Authorized Denominations: | U.S. $200,000 and integral multiples of U.S. $1,000 in excess thereof | |||
| Day Count: | 30/360 | |||
| Underwriters Discount: | 0.17% | |||
| Listing/Trading: | Application will be made to the Luxembourg Stock Exchange - Euro MTF Market Luxembourg | |||
| ISIN: | US91086QBG29 | |||
| CUSIP: | 91086Q BG 2 | |||
| Common Code: | 134892722 | |||
Joint Bookrunners /Allocation: | BBVA Securities Inc. Merrill Lynch, Pierce, Fenner & Smith | 33.33% | ||
| Incorporated | 33.34% | |||
| Credit Suisse Securities (USA) LLC | 33.33% | |||
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Each securities rating should be evaluated independent of each other securities rating. |
A prospectus dated February 8, 2016, accompanies this free writing prospectus and is available from the Securities and Exchange Commission’s website athttp://www.sec.gov/Archives/edgar/data/101368/000119312516453142/d113915dsb.htm. A preliminary prospectus supplement, subject to completion, dated August 8, 2016, for the 2026 Notes, is available from the Securities and Exchange Commission’s website athttps://www.sec.gov/Archives/edgar/data/101368/000119312516674330/d238346d424b2.htm.
The issuer has filed a registration statement (including the prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BBVA Securities Inc. toll free at +1 212 728 1705, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at +1-800-294-1322, or Credit Suisse Securities (USA) LLC toll free at +1-800-221-1037.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
Filed pursuant to Rule 433
Registration Statement Nos. 333-204638 and 333-209421
August 8, 2016
United Mexican States
Final Terms and Conditions
4.350% Notes due 2047
| Issuer: | United Mexican States | |
| Transaction: | 4.350% Notes due 2047 (the “2047 Notes”) | |
| Issue Currency: | U.S. Dollars | |
| Issue Size: | U.S. $2,000,000,000.00 | |
| Expected Ratings: | A3(negative)/BBB+(stable)/BBB+(stable) (Moody’s/Standard & Poor’s/Fitch) | |
| Maturity Date: | January 15, 2047 | |
| Pricing Date: | August 8, 2016 | |
| Settlement Date: | August 11, 2016 (T+3) | |
| Coupon: | 4.350% | |
| Coupon Payment Frequency: | Semiannual | |
| Issue Price: | 99.735%, plus accrued interest, if any, from August 11, 2016 | |
| Yield: | 4.366% | |
| Re-offer Spread over Benchmark: | 205 bps | |
| Reference Benchmark: | UST 2.500% due February 2046 | |
| Reference Benchmark Price and Yield: | 103-29+; 2.316% | |
| Interest Payment Dates: | January 15 and July 15 of each year, commencing January 15, 2017 (subject to interest payment date convention disclosed in the prospectus supplement). Interest accrues from August 11, 2016 (short first coupon). | |
| Optional Redemption: | Make-Whole Call calculated at Treasuries +30 bps (at any time or from time to time prior to maturity upon giving no less than 30 days’ nor more than 60 days’ notice) | |||
| Gross Proceeds: | U.S. $1,994,700,000.00 | |||
| Ranking: | Senior Unsecured | |||
| Governing Law: | New York law | |||
| Registration: | SEC Registered | |||
Authorized Denominations: | U.S. $200,000 and integral multiples of U.S. $1,000 in excess thereof | |||
| Day Count: | 30/360 | |||
| Underwriters Discount: | 0.19% | |||
| Listing/Trading: | Application will be made to the Luxembourg Stock Exchange - Euro MTF Market Luxembourg | |||
| ISIN: | US91087BAB62 | |||
| CUSIP: | 91087B AB6 | |||
| Common Code: | 147390700 | |||
Joint Bookrunners /Allocation: | BBVA Securities Inc. Merrill Lynch, Pierce, Fenner & Smith | 33.33% | ||
| Incorporated | 33.34% | |||
| Credit Suisse Securities (USA) LLC | 33.33% | |||
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Each securities rating should be evaluated independent of each other securities rating. |
A prospectus dated February 8, 2016, accompanies this free writing prospectus and is available from the Securities and Exchange Commission’s website athttp://www.sec.gov/Archives/edgar/data/101368/000119312516453142/d113915dsb.htm. A preliminary prospectus supplement, subject to completion, dated August 8, 2016, for the 2047 Notes, is available from the Securities and Exchange Commission’s website athttps://www.sec.gov/Archives/edgar/data/101368/000119312516674330/d238346d424b2.htm.
The issuer has filed a registration statement (including the prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BBVA Securities Inc. toll free at +1 212 728 1705, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at +1-800-294-1322, or Credit Suisse Securities (USA) LLC toll free at +1-800-221-1037.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
