Issuer Free Writing Prospectus
Filed pursuant to Rule 433(d)
Registration No. 333-162531
June 12, 2012
Export Development Canada / Exportation et développement Canada (“EDC”)
U.S. $1,000,000,000 0.500% United States Dollar Bonds due 2015
Final Term Sheet
June 12, 2012
| Issuer: | Export Development Canada / Exportation et développement Canada | |
| Title: | 0.500% United States Dollar Bonds due September 15, 2015 | |
| Expected Ratings: | AAA/Aaa/AAA (S&P, Moody’s, DBRS) | |
| Format: | SEC Registered | |
| Size: | $1,000,000,000 | |
| Trade Date: | June 12, 2012 | |
| Settlement Date: | June 19, 2012 (T+5) | |
| Maturity Date: | September 15, 2015 | |
| Callable: | No, unless any change in the laws or regulations of Canada that would require the payment by EDC of additional amounts on the bonds. | |
| Interest Payment Dates: | March 15 and September 15 (short first coupon) | |
| First Interest Payment Date: | September 15, 2012 | |
| Benchmark Treasury: | UST 0.250% due May 15, 2015 | |
| Benchmark Treasury Yield: | 0.374% | |
| Spread to Benchmark Treasury: | +14.15 bps | |
| Yield to Maturity: | 0.516% | |
| Coupon: | 0.500%, accruing from June 19, 2012 | |
| Price: | 99.949% | |
| Day Count: | 30/360 | |
| Specified Currency: | United States Dollars (“$”) | |
| Minimum Denomination: | $5,000 and increments of $5,000 in excess thereof | |
| Listing: | Luxembourg Euro MTF Market | |
| Status: | The bonds will carry the full faith and credit 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: | Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. J.P. Morgan Securities Ltd. TD Securities (USA) LLC | |
| Co-managers: | Barclays Bank PLC BNP Paribas Securities Corp. CIBC World Markets Corp. Citigroup Global Markets Inc. Credit Suisse Securities (Europe) Limited Daiwa Capital Markets Europe Limited Goldman Sachs International Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho International plc Morgan Stanley & Co. International plc RBC Capital Markets, LLC RBS Securities Inc. Scotia Capital (USA) Inc. SG Americas Securities, LLC | |
| Billing and Delivering: | HSBC Securities (USA) Inc. | |
| CUSIP: | 30216B DS8 | |
| ISIN: | US30216BDS88 | |
| Reference Document: | Prospectus Supplement subject to completion, dated June 12, 2012 and Prospectus dated December 17, 2009 http://sec.gov/Archives/edgar/data/276328/000119312512267711/d281900d424b2.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, to the extent implemented in the Relevant Member State) (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 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 base 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 base prospectus have 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. | |
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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-free 1-800-503-4611 for Deutsche Bank Securities Inc., 1-866-811-8049 for HSBC Securities (USA) Inc., 1-866-430-0686 for J.P. Morgan Securities Ltd. and 1-800-263-5292 for TD Securities (USA) LLC.
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