Filed pursuant to Rule 433
Registration Statement No. 333-190198
Relating to Preliminary Prospectus Supplement dated
September 10, 2013
FINAL TERMS AND CONDITIONS AS OF SEPTEMBER 11, 2013 OF
ECOPETROL S.A. 4.250% NOTES DUE 2018,
ECOPETROL S.A. 5.875% NOTES DUE 2023 AND
ECOPETROL S.A. 7.375% NOTES DUE 2043
| ISSUER: | Ecopetrol S.A. | |||||
| SECURITY: | 4.250% Notes Due 2018 | 5.875% Notes Due 2023 | 7.375% Notes Due 2043 | |||
| RANKING: | Senior, unsecured and unsubordinated obligations of the Issuer, rankingpari passu, without any preferences among themselves, with all of its other present and future unsecured and unsubordinated obligations that constitute its External Indebtedness (as defined in the prospectus). | |||||
| PRINCIPAL AMOUNT: | $350,000,000 | $1,300,000,000 | $850,000,000 | |||
| MATURITY: | September 18, 2018 | September 18, 2023 | September 18, 2043 | |||
| ISSUE PRICE: | 99.559% | 99.033% | 99.474% | |||
| INTEREST PAYMENT DATES: | March 18 and September 18, commencing on March 18, 2014 | March 18 and September 18, commencing on March 18, 2014 | March 18 and September 18, commencing on March 18, 2014 | |||
| COUPON RATE: | 4.250% | 5.875% | 7.375% | |||
| BENCHMARK TREASURY: | UST 1.500% due August 31, 2018 | UST 2.500% due August 15, 2023 | UST 2.875% due May 15, 2043 | |||
| BENCHMARK TREASURY SPOT AND YIELD: | 98-26.25, 1.749% | 96-03.50, 2.955% | 81-25.00, 3.919% | |||
| SPREAD TO BENCHMARK TREASURY: | UST+260 bps | UST+305 bps | UST+350 bps | |||
| YIELD: | 4.349% | 6.005% | 7.419% | |||
| PRICING DATE: | September 11, 2013 | |||||
| MAKE-WHOLE CALL: | 40 basis points | 45 basis points | 50 basis points | |||
| EXPECTED SETTLEMENT DATE: | September 18, 2013, T+5 | |||||
| NET PROCEEDS BEFORE EXPENSES: | $347,406,500 | $1,283,529,000 | $842,979,000 | |||
| RATINGS: | Moodys: Baa2 S&P: BBB Fitch: BBB- | Moodys: Baa2 S&P: BBB Fitch: BBB- | Moodys: Baa2 S&P: BBB Fitch: BBB- | |||
| CUSIP/ISIN: | CUSIP: 279158 AD1 ISIN: US279158AD13 | CUSIP: 279158 AC3 ISIN: US279158AC30 | CUSIP: 279158 AE9 ISIN: US279158AE95 | |||
| CLEARING: | DTC | |||||
| JOINT BOOK-RUNNING MANAGERS: | Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC | |||||
| MINIMUM DENOMINATION: | $1,000 and integral multiples of $1,000 in excess thereof | |||||
| GOVERNING LAW: | New York | |||||
| FORMAT: | Registered | |||||
| DAY COUNT: | 360/30 | |||||
| OPTIONAL REDEMPTION PROVISIONS: | At any time or from time to time, in whole or in part, at the Issuer’s option at a make-whole premium based on Treasury Rate plus 40 basis points. | At any time or from time to time, in whole or in part, at the Issuer’s option at a make-whole premium based on Treasury Rate plus 45 basis points. | At any time or from time to time, in whole or in part, at the Issuer’s option at a make-whole premium based on Treasury Rate plus 50 basis points. | |||
| WITHHOLDING TAX REDEMPTION PROVISIONS: | At any time at the Issuer’s option if the Issuer becomes obligated to pay additional amounts under the 2018 notes, in whole but not in part, at par. | At any time at the Issuer’s option if the Issuer becomes obligated to pay additional amounts under the 2023 notes, in whole but not in part, at par. | At any time at the Issuer’s option if the Issuer becomes obligated to pay additional amounts under the 2043 notes, in whole but not in part, at par. | |||
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.
The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering, including the Issuer’s current report on Form 6-K filed with the SEC on September 11, 2013 and accessible via the following link http://www.sec.gov/Archives/edgar/data/1444406/000114420413050112/v354820_6k.htm. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Underwriters can arrange to send you the prospectus if you request it by calling or e-mailing Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or Morgan Stanley & Co. LLC at 1-866-718-1649.
