Issuer Free Writing Prospectus
Filed pursuant to Rule 433(d)
Registration Statement No. 333-200852
November 7, 2017
Canada
U.S. $3,000,000,000 2.000% United States Dollar Bonds due 2022
Final Term Sheet
Issuer: | Canada | |
Title: | 2.000% United States Dollar Bonds due November 15, 2022 | |
Expected Ratings*: | Aaa/AAA (Moody’s/S&P) | |
Format: | SEC Registered | |
Size: | U.S. $3,000,000,000 | |
Trade Date: | November 7, 2017 | |
Settlement Date: | November 15, 2017 (T+6) | |
Maturity Date: | November 15, 2022 | |
Callable: | No, unless a change in the laws or regulations of Canada would require the payment by Canada of Additional Amounts on the bonds, as more fully described in the Prospectus Supplement. | |
Interest Payment Dates: | May 15 and November 15 | |
First Interest Payment Date: | May 15, 2018 | |
Benchmark Treasury: | UST 2.000% due October 31, 2022 | |
Benchmark Treasury Price and Yield: | 100-03 5/8, 1.976% | |
Spread to Benchmark Treasury: | +9 bps | |
Yield to Maturity: | 2.066% | |
Coupon: | 2.000% | |
Price: | 99.688% | |
Day Count: | 30/360 | |
Specified Currency: | United States Dollars (“$”) | |
Minimum Denomination: | $5,000 and increments of $5,000 in excess thereof | |
Listing: | Luxembourg Euro MTF Market | |
Status: | The bonds will constitute direct unconditional obligations of Canada. The payment of the principal of and interest on the bonds will constitute a charge on and be payable out of the Consolidated Revenue Fund of Canada. | |
Governing Law: | Province of Ontario/Canada | |
Business Days: | New York, London, Toronto | |
Representatives: | BMO Capital Markets Corp. Citigroup Global Markets Limited HSBC Bank plc Scotia Capital (USA) Inc. TD Securities (USA) LLC | |
Co-managers: | BNP Paribas Casgrain & Company Limited CIBC World Markets Corp. Commerzbank Aktiengesellschaft. Desjardins Securities Inc. Goldman Sachs International J.P. Morgan Securities plc Laurentian Bank Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated National Bank of Canada Financial Inc. RBC Capital Markets, LLC | |
Billing and Delivering: | TD Securities (USA) LLC | |
CUSIP: | 135087 H64 | |
ISIN: | US135087H643 | |
Reference Document: | Prospectus Supplement, subject to completion, dated November 7, 2017; Prospectus dated February 26, 2015. https://www.sec.gov/Archives/edgar/data/230098/000119312517335257/d485748d424b2.htm | |
Legends: | If and to the extent that this announcement is communicated in, or the offer of the bonds to which it relates is made in, any European Economic Area Member State that has implemented Directive (2003/71/EC) (and amendments thereto, including Directive 2010/73/EU) (the “Prospectus Directive”), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted upon by other persons in that Member State.
This document is for distribution only to persons who: (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended (including the Financial Services Act 2012)) in connection with the issue or sale of any Bonds may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.
This document does not constitute or form part of any offer or invitation to sell these bonds and is not soliciting any offer to buy these bonds in any jurisdiction where such offer or sale is not permitted. This document is, for the purposes of Article 15 of the Prospectus Directive, not a prospectus but an advertisement. This document, the prospectus supplement and the prospectus have been prepared on the basis that all offers of bonds in any member state of the European Economic Area which has implemented the Prospective Directive (a “Relevant Member State”) will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to produce and publish a prospectus for offers of the bonds. Neither this document nor the prospectus supplement nor the prospectus has been approved as a prospectus by a competent authority in any Relevant Member State and accordingly none is a prospectus for the purposes of the Prospectus Directive.
*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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This communication is intended for the sole use of the person to whom it is provided by the Issuer.
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. 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 toll-free1-866-864-7760 for BMO Capital Markets Corp.,1-800-831-9146 for Citigroup Global Markets Limited,1-866-430-0686 for HSBC Bank plc,1-800-372-393 for Scotia Capital (USA) Inc., or1-855-495-9846 for TD Securities (USA) LLC. Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or other notice was automatically generated as a result of this communication being sent via Bloomberg or another email system. | ||
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