Issuer Free Writing Prospectus
Filed pursuant to Rule 433(d)
Registration No. 333-197576
November 25, 2014
Export Development Canada / Exportation et développement Canada (“EDC”)
U.S.$1,000,000,000 1.625% United States Dollar Bonds due 2019
Final Term Sheet
November 25, 2014
| Issuer: | Export Development Canada / Exportation et développement Canada | |
| Title: | 1.625% United States Dollar Bonds due 2019 | |
| Expected Ratings: | Aaa Stable (Moody’s), AAA Stable (S&P) | |
| Format: | SEC Registered | |
| Size: | U.S.$1,000,000,000 | |
| Trade Date: | November 25, 2014 | |
| Settlement Date: | December 3, 2014 (T+5) | |
| Maturity Date: | December 3, 2019 | |
| Callable: | No, unless a change in the laws or regulations of Canada would require the payment by EDC of additional amounts on the bonds. | |
| Interest Payment Dates: | Semi-annually on June 3 and December 3 | |
| First Interest Payment Date: | June 3, 2015 | |
| Benchmark Treasury: | UST 1.500% due October 31, 2019 | |
| Benchmark Treasury Price and Yield: | 99-17+ / 1.596% Semi-annual | |
| Spread to Benchmark Treasury: | +11.85 bps | |
| Yield to Maturity: | 1.715% | |
| Coupon: | 1.625%, accruing from December 3, 2014 | |
| Price: | 99.571% | |
| Day Count: | 30/360 following unadjusted | |
| Specified Currency: | United States Dollars (“$”) | |
| Minimum Denomination: | $5,000 and increments of $5,000 in excess thereof | |
| Listing: | Euro MTF Market of the Luxembourg Stock Exchange | |
| 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: | London, New York, Toronto | |
| Representatives: | Citigroup Global Markets Inc. Daiwa Capital Markets Europe Limited Morgan Stanley & Co. International plc TD Securities (USA) LLC | |
| Co-managers: | Barclays Bank PLC BNP Paribas Securities Corp. CIBC World Markets Corp. Crédit Agricole Corporate & Investment Bank Credit Suisse Securities (Europe) Limited Deutsche Bank AG, London Branch Goldman Sachs International HSBC Securities (USA) Inc. J.P. Morgan Securities plc Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho International plc RBC Capital Markets, LLC Scotia Capital (USA) Inc. Skandinaviska Enskilda Banken AB (publ) Société Générale Corporate & Investment Banking Standard Chartered Bank | |
| Billing and Delivering: | TD Securities (USA) LLC | |
| Settlement | DTC, CDS, Euroclear, Clearstream | |
| CUSIP Number: | 30216B FB3 | |
| ISIN: | US30216BFB36 | |
| Reference Document: | Prospectus Supplement, subject to completion, dated November 25, 2014 and Prospectus dated August 5, 2014.
https://www.sec.gov/Archives/edgar/data/276328/000119312514424365/d821647d424b2.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. | |
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| 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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