Filed pursuant to Rule 433
Registration Statement333-210338
Relating to Preliminary Prospectus Supplement dated July 21, 2016
FEDERATIVE REPUBLIC OF BRAZIL - FINAL PRICING TERMS
Issuer | Federative Republic of Brazil | |||
| Transaction | 5.625% Global Bonds due 2047 | |||
| Ratings* | Ba2/BB/BB (Moody’s/S&P/Fitch) | |||
| Distribution | SEC Registered | |||
| Approximate Amount Issued | U.S.$1,500,000,000 | |||
| Approximate Gross Proceeds | U.S.$1,446,960,000 | |||
| Coupon | 5.625% per annum, 30/360-day count basis, payable semi-annually | |||
| Maturity | February 21, 2047 | |||
| Offering Price | 96.464% of the principal amount, plus accrued interest, if any, from July 28, 2016 | |||
| Yield to Maturity | 5.875% per annum | |||
| Reference Benchmark Bond | UST 2.500% due February 2046 | |||
| Benchmark Yield | 2.303% | |||
| Reoffer Spread | +357.2 bps | |||
| Underwriting Fee | 0.25% | |||
| Interest Payment Dates | February 21 and August 21 of each year | |||
| First Interest Payment Date | February 21, 2017 (long first coupon) | |||
| 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 50 basis points, plus accrued interest on the principal amount of the global bonds to the date of redemption. | |||
| Pricing Date | July 21, 2016 | |||
| Settlement Date | July 28, 2016 (T+5) | |||
| CUSIP / ISIN | 105756 BY5 / US105756BY51 | |||
| Denominations | U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof | |||
| Listing | Euro MTF Market Luxembourg | |||
| Joint Bookrunners | Deutsche Bank Securities Inc. Goldman, Sachs & Co. HSBC Securities (USA) Inc. | |||
| Underwriting Commitments (approximate) | Deutsche Bank Securities Inc.: Goldman, Sachs & Co.: HSBC Securities (USA) Inc.: | U.S.$500,000,000 U.S.$500,000,000 U.S.$500,000,000 | ||
A preliminary prospectus supplement of Brazil accompanies the free-writing prospectus and is available from the SEC’s website at:https://www.sec.gov/Archives/edgar/data/205317/000119312516653080/d229741d424b5.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 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 from your sales representative at Deutsche Bank Securities Inc., calling toll-free +1-800-503-4611, at Goldman, Sachs & Co., calling toll-free +1-866-471-2526 or at HSBC Securities (USA) Inc., calling toll-free +1-866-811-8049.
* 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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