Filed Pursuant to Rule 433
Registration No. 333-178979
FINAL TERM SHEET
U.S.$800,000,000 7.625% Notes due 2025
July 1, 2014
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Issuer: | | Government of Jamaica |
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Format: | | SEC Registered (333-178979) and Regulation S |
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Currency: | | U.S. Dollars |
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Principal Amount: | | U.S.$800,000,000 |
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Final Maturity: | | July 9, 2025 |
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Principal Payment Dates: | | Principal payments will be made in three equal annual installments on July 9, 2023, July 9, 2024 and July 9, 2025. |
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Optional Redemption: | | None |
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Coupon Rate: | | 7.625% |
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Interest Basis: | | Payable semi-annually in arrears |
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Day Count: | | 30/360 |
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Interest Payment Dates: | | January 9 and July 9, commencing on January 9, 2015 |
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Issue Price: | | 100.000% |
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Net Proceeds: | | U.S.$799,200,000, after underwriting discount |
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Benchmark Treasury: | | UST 2.500% due May 2024 |
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Benchmark Treasury Spot and Yield: | | 99-13+, 2.567% |
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Spread to Benchmark Treasury: | | UST + 505.8 bps |
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Yield: | | 7.625% |
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Pricing Date: | | July 1, 2014 |
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Settlement Date: | | July 9, 2014 (T+5) |
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Clearing: | | DTC, Euroclear, & Clearstream |
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Governing Law: | | State of New York |
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Listing: | | Luxembourg Euro MTF |
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Denominations: | | U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof |
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Joint Lead Managers: | | Citigroup Global Markets Inc. (U.S.$400,000,000) BNP Paribas Securities Corp. (U.S.$400,000,000) |
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Security Identifiers: | | CUSIP: 470160 BQ4 ISIN: US470160BQ42 |
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Modifications to Prospectus dated July 1, 2014: | | The first sentence of paragraph 6 on page 5 of the prospectus dated July 1, 2014 is hereby deleted in its entirety and replaced as follows: “Jamaica’s total public sector debt as a percentage of nominal GDP increased to 136.4% on December 31, 2013, from 134.3% at December 31, 2012.” |
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Preliminary Prospectus Supplement: | | http://www.sec.gov/Archives/edgar/data/53078/000119312514256821/d752927d424b5.htm |
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 atwww.sec.gov. Alternatively, the Issuer or the Joint Lead Managers will arrange to send you the prospectus if you request it by calling CITIGROUP GLOBAL MARKETS INC. toll free at 1-800-831-9146 or BNP PARIBAS SECURITIES CORP. toll free at 1-800-854-5674.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
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