Filed pursuant to Rule 433
Registration Statement No. 333-142116
July 8, 2011
Relating to Preliminary Prospectus Supplement
dated July 7, 2011
FEDERATIVE REPUBLIC OF BRAZIL—FINAL PRICING TERMS
Issuer | Federative Republic of Brazil | |
Transaction | Re-opening of 4.875% Global Bonds due 2021 | |
Ratings* | Baa2 /BBB-/BBB (Positive / Positive / Stable) | |
Distribution | SEC Registered | |
Amount Issued | US$50,000,000 (brings total size to US$2,162,500,000) | |
Gross Proceeds | US$52,674,000 (not including accrued interest) | |
Coupon | 4.875% 30/360-day count basis | |
Maturity | January 22, 2021 | |
Offering Price | 105.348% (plus accrued interest totaling US$1,164,583.33, or US$23.29 per US$1,000 principal amount of global bonds, from January 22, 2011 to, but not including, July 14, 2011) | |
Yield to Maturity | 4.188% | |
Reference Benchmark Bond | UST 3.125% Notes due May 15, 2021 | |
Benchmark Yield | 3.151% | |
Reoffer Spread | 103.7 bps | |
Underwriting Fee | 0.25% | |
Denominations (Min / Increment) | US$100,000/US$1,000 | |
Interest Payment Dates | January 22 and July 22 | |
First Interest Payment Date | July 22, 2011 | |
Optional Redemption | The global bonds may be redeemed at the option of Brazil in whole or in part by paying a redemption price equal to the principal amount of the global bonds plus a Make-Whole Amount at the Treasury Rate plus 25 basis points plus accrued interest on the principal amount of the global bonds to the date of redemption. | |
Pricing Date | July 7, 2011 | |
Settlement Date | July 14, 2011 (T+4) | |
CUSIP / ISIN | 105756BS8 / US105756BS83 | |
Listing | Euro MTF Market Luxembourg | |
Joint Bookrunners | Goldman, Sachs & Co. (B&D) Santander Investment Securities Inc. | |
Co-managers** | BB Securities, Ltd. | |
Underwriting Commitments | Goldman, Sachs & Co.: US$24,750,000 Santander Investment Securities Inc.: US$24,750,000 BB Securities Ltd.: US$500,000 | |
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/205317/000119312511184063/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 from your sales representative at Goldman, Sachs & Co., calling toll-free 1-866-471-2526 or at Santander Investment Securities Inc., calling 1-212-407-4520.
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
** BB Securities Limited is not a broker-dealer registered with the SEC and therefore may not make sales of any global bonds in the United States or to U.S. persons except in compliance with applicable U.S. laws and regulations. To the extent that BB Securities Limited intends to effect sales of the global bonds in the United States, BB Securities Limited will do so only through Banco do Brasil Securities LLC, its selling agent, or one or more U.S. registered broker-dealers or otherwise as permitted by applicable U.S. law.
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