Filed pursuant to Rule 433
Registration Statement No. 333-202025
September 21, 2015
Relating to Preliminary Prospectus Supplement
dated September 21, 2015
Republic of Colombia
Final Pricing Term Sheet
4.500% Global Bonds due 2026
| Issuer: | Republic of Colombia | |
| Transaction: | 4.500% Global Bonds due 2026 | |
| Expected Issue Ratings*: | Baa2 / BBB / BBB | |
| Format: | SEC Registered | |
| Issue and Payment Currency: | U.S. dollars | |
| Principal Amount: | U.S. $1,500,000,000.00 | |
| Pricing Date: | September 21, 2015 | |
| Settlement Date: | September 28, 2015 (T+5) | |
| Make-Whole Call: | Prior to October 28, 2025 at a discount rate of Treasury Yield plus 40 basis points | |
| Par Call: | On and after October 28, 2025 (3 months before the maturity date) redeemable at 100.000% | |
| Maturity Date: | January 28, 2026 | |
| Interest Payment Dates: | January 28 and July 28 of each year, commencing January 28, 2016 (short first coupon), to the holders of record on January 13 and July 13 preceding each payment date. | |
| Benchmark Treasury: | 2.000% UST due August 15, 2025 | |
| Benchmark Treasury Price and Yield: | Price: 98.06+ and yield: 2.203% | |
| Spread to Benchmark Treasury: | 245 bps | |
| Yield to Maturity: | 4.653% | |
| Coupon: | 4.500% | |
| Price to public: | 98.762% plus accrued interest, if any, from September 28, 2015 | |
| Net Proceeds (before expenses) to Issuer: | U.S. $1,477,680,000.00, plus accrued interest, if any, from September 28, 2015 | |
| Day Count: | 30/360 | |
| Denominations: | U.S. $200,000 and increments of U.S. $1,000 in excess thereof | |
| Listing and Trading: | Application will be made to list the Global Bonds on the official list of the Luxembourg Stock Exchange and to trade on the Euro MTF Market. | |
| Bookrunners: | Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Preliminary Prospectus Supplement: | http://www.sec.gov/Archives/edgar/data/917142/000119312515324002/d16798d424b3.htm | |
| Clearing: | DTC and its participants, including the depositaries for Euroclear Bank S.A./N.V. as operator of the Euroclear System plc, and Clearstream Banking, société anonyme. | |
| CUSIP/ISIN: | 195325 CX1 / US195325CX13 | |
*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
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 Web site of the Securities and Exchange Commission 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 Credit Suisse Securities (USA) LLC toll-free at +1-800-221-1037, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at +1-800-294-1322.
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