Filed pursuant to Rule 433
Registration StatementNo. 333-209421
January 4, 2018
United Mexican States
Final Terms and Conditions
3.750% Notes due 2028
| Issuer: | United Mexican States | |
| Transaction: | 3.750% Notes due 2028 (the “2028 Notes”) | |
| Issue Currency: | U.S. Dollars | |
| Issue Size: | U.S. $2,555,196,000 | |
| Ratings: | A3(negative)/BBB+(stable)/BBB+(stable) (Moody’s/Standard & Poor’s/Fitch)* | |
| Maturity Date: | January 11, 2028 | |
| Pricing Date: | January 3, 2018 | |
| Settlement Date: | January 11, 2018 (T+6) | |
| Coupon: | 3.750% | |
| Coupon Payment Frequency: | Semiannual | |
| Issue Price: | 99.571%, plus accrued interest, if any, from January 11, 2018 | |
| Yield to Maturity: | 3.802% | |
| Re-offer Spread over Benchmark: | +135 bps | |
| Reference Benchmark Treasury: | 2.250% due November 15, 2027 | |
| Reference Benchmark Treasury Price and Yield: | 98-07+; 2.452% | |
| Interest Payment Dates: | January 11 and July 11 of each year, commencing July 11, 2018 | |
| Optional Redemption: | Make-Whole Call calculated at Treasuries 20 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. $2,544,234,209.16 | |
| Ranking: | Senior Unsecured | |
| Governing Law: | State of New York | |
| Registration: | SEC Registered | |
Authorized Denominations: | U.S. $200,000 and integral multiples of U.S. $1,000 in excess thereof | |
| Day Count: | 30/360 | |
| Business Day Convention: | If any payment date for the 2028 Notes falls on a day that is not a Business Day, Mexico will make the payment on the next Business Day. Mexico will treat these payments as if they were made on the due date, and no additional interest will accrue as a result of this delay. | |
| Business Days: | New York | |
| Underwriting Discount: | 0.170% | |
| Listing/Trading: | Application will be made to the Luxembourg Stock Exchange - Euro MTF Market Luxembourg | |
| ISIN: | US91087BAE02 | |
| CUSIP: | 91087B AE0 | |
Joint Book-Running Managers /Allocation: | BBVA Securities Inc. (33.3%) J.P. Morgan Securities LLC (33.3%) Merrill Lynch, Pierce, Fenner & Smith (33.4%) Incorporated | |
| * | 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 at:http://www.sec.gov/Archives/edgar/data/101368/000119312516453142/d113915dsb.htm. A preliminary prospectus supplement, subject to completion, dated January 3, 2018, for the 2028 Notes, is available from the Securities and Exchange Commission’s website at:http://www.sec.gov/Archives/edgar/data/101368/000119312518001080/d438510d424b2.htm.
Mexico’s annual report on Form18-K for the fiscal year ended December 31, 2016 is available from the SEC’s website at:http://www.sec.gov/Archives/edgar/data/101368/000119312517299072/0001193125-17-299072-index.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 atwww.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 (800)422-8692, J.P. Morgan Securities LLC toll-free at +1 (866)846-2874 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at +1 (800)294-1322.
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 StatementNo. 333-209421
January 4, 2018
United Mexican States
Final Terms and Conditions
4.600% Notes due 2048
Reopening
| Issuer: | United Mexican States | |
| Transaction: | 4.600% Notes due 2048 (the “2048 Notes”) | |
| Issue Currency: | U.S. Dollars | |
| Issue Size: | U.S. $645,274,000 (brings total size to $2,525,274,000) | |
| Ratings: | A3(negative)/BBB+(stable)/BBB+(stable) (Moody’s/Standard & Poor’s/Fitch)* | |
| Maturity Date: | February 10, 2048 | |
| Pricing Date: | January 3, 2018 | |
| Settlement Date: | January 11, 2018 (T+6) | |
| Coupon: | 4.600% | |
| Coupon Payment Frequency: | Semiannual | |
| Issue Price: | 98.493% of the principal amount of the 2048 Notes, plus accrued interest totaling U.S. $7,503,102.68 from, and including, October 10, 2017, to, but excluding, January 11, 2018, plus any additional accrued interest, if any, from January 11, 2018. | |
| Yield to Maturity: | 4.694% | |
| Re-offer Spread over Benchmark: | +190 bps | |
| Reference Benchmark Treasury: | 2.750% due August 15, 2047 | |
| Reference Benchmark Treasury Price and Yield: | 99-04; 2.794% | |
| Interest Payment Dates: | February 10 and August 10 of each year, commencing February 10, 2018 | |
| 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. $635,549,720.82 | |
| Ranking: | Senior Unsecured | |
| Governing Law: | State of New York | |
| Registration: | SEC Registered | |
Authorized Denominations: | U.S. $200,000 and integral multiples of U.S. $1,000 in excess thereof | |
| Day Count: | 30/360 | |
| Business Day Convention: | If any payment date for the 2048 Notes falls on a day that is not a Business Day, Mexico will make the payment on the next Business Day. Mexico will treat these payments as if they were made on the due date, and no additional interest will accrue as a result of this delay. | |
| Business Days: | New York | |
| Underwriting Discount: | 0.190% | |
| Listing/Trading: | Application will be made to the Luxembourg Stock Exchange - Euro MTF Market Luxembourg | |
| ISIN: | US91087BAD29 | |
| CUSIP: | 91087B AD2 | |
Joint Book-Running Managers /Allocation: | BBVA Securities Inc. (33.3%) J.P. Morgan Securities LLC (33.3%) Merrill Lynch, Pierce, Fenner & Smith (33.4%) Incorporated | |
| * | 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 at:http://www.sec.gov/Archives/edgar/data/101368/000119312516453142/d113915dsb.htm. A preliminary prospectus supplement, subject to completion, dated January 3, 2018, for the 2048 Notes, is available from the Securities and Exchange Commission’s website at:http://www.sec.gov/Archives/edgar/data/101368/000119312518001080/d438510d424b2.htm.
Mexico’s annual report on Form18-K for the fiscal year ended December 31, 2016 is available from the SEC’s website at:http://www.sec.gov/Archives/edgar/data/101368/000119312517299072/0001193125-17-299072-index.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 atwww.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 (800)422-8692, J.P. Morgan Securities LLC toll-free at +1 (866)846-2874 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at +1 (800)294-1322.
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.
