Filed pursuant to Rule 433
Registration Statement No. 333-142116
October 21, 2010
Relating to Preliminary Prospectus Supplement
dated October 20, 2010
FEDERATIVE REPUBLIC OF BRAZIL - FINAL PRICING TERMS
Issuer | Federative Republic of Brazil | |
Transaction | Re-opening of 10.25% Global BRL Bonds due 2028 | |
Ratings* | Baa3/BBB-/BBB- (Positive/Stable/Positive) | |
Distribution | SEC Registered | |
Amount Issued | R$100,000,000 (brings total size to R$4,887,500,000) | |
Gross Proceeds | US$66,872,839.95 (not including accrued interest) | |
Coupon | 10.25% 30/360-day count basis | |
Maturity | January 10, 2028 | |
Offering Price | 112.226% (plus accrued interest totalling US$1,815,354.41 or US$18.15 per R$1,000 principal amount of global bonds from July 10, 2010 to, but not including, October 27, 2010) | |
Yield to Maturity | 8.85% | |
FX (for Settlement) | 1.6782 | |
Underwriting Fee | 0.25% | |
Denominations | R$250,000/R$1,000 | |
Interest Pay Dates | January 10 and July 10 | |
First Interest Payment Date | January 10, 2011 | |
Pricing Date | October 21, 2010 (Asian market hours) | |
Settlement Date | October 27, 2010 (T+5, based on US distribution) | |
CUSIP / ISIN / Common Code | 105756BN9 / US105756BN96 / 028745982 | |
Listing | Euro MTF Market Luxembourg | |
Bookrunners | Barclays Capital Inc. Deutsche Bank Securities Inc. (B&D) | |
Co-Managers | BB Securities Ltd. Credit Suisse Securities (USA) LLC | |
Underwriting Commitments | Barclays Capital Inc.: R$49,000,000 Deutsche Bank Securities Inc.: R$49,000,000 BB Securities Ltd.: R$1,000,000 Credit Suisse Securities (USA) LLC: R$1,000,000 |
A preliminary prospectus supplement of Brazil accompanies the free-writing prospectus and is available from the SEC’s website at:
http://www.sec.gov/Archives/edgar/data/205317/000119312510232435/d424b5.htm
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission 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 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 SEC Web site 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 Barclays Capital Inc. toll-free at 1-888-603-5847 or Deutsche Bank Securities Inc. toll-free at 1-800-503-4611.
| * | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
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