7 May 2014 7.75 .75 % IFC 03.12.2016 issued in INR – payable in USD How the investment works Marketing Communication The bond issue Publisher: 7.75 % IFC 03.12.2016 is a bond issued by International Finance CorCo poration (IFC). The bond is in Indian rupee (INR) but with payments in US dollar (USD). If INR depreciates against USD, the amount payable Jyske Markets Vestergade 8 -16 DK - 8600 Silkeborg on an interest payment date, at maturity or upon acceleration may be less than your investment, resulting in a loss to you. Depreciation of INR against USD may also adversely affect the market value of the bond. This issue from IFC is rated Aaa /AAA. It is a capital-at-risk capital bond – please read attached FSA Fact sheet for details. Emerging Markets Bonds, Trading: Casper Trankjær +45 89 89 76 68 Investment idea [email protected] @jyskebank.dk The bond offers you the opportunity to achieve a return, which may exceed that of a traditional bond issued in USD with the same maturity. Coupon and principal A coupon of 7.75 % per annum is paid semi-annually semi on 3th June and 3th h December, starting on 3th December 2013. However, since exchange rates change over time, the coupons paid can be higher or lower than the 3.875 % paid semi-annually annually. The principal amount is paid upon maturity on 3th December 2016. All amounts due in rer spect of principal or interest will be paid in USD. This is calculated by Read more research reports about emerging-market market bonds at www.jyskemarkets.com dividing the INR amount by the USDINR rate. See “conversion of payment amounts” Currency fluctuation The actual return depends on the development of the USDINR exe change rate during the holding period. See “currency risk” According to the risk classification rules this type of product is categocateg Investment Risks rised as AMBER. For Danish investors only: According to the risk classification rules this type of product is categorized as AMBER. Disclaimer: please see page 4. 7 May 2014 For all Investors: Principal and interest are denominated in INR and Currency risk converted into USD. As the value of INR has at times fluctuated significantly against USD there is a risk that INR may fall in value relative to USD between the issue date and the bond’s maturity date. If your base currency is not USD, you will be exposed to further risk as USD may fall in value relative to your base currency. Were IFC to encounter financial difficulties you may not get back Credit risk the amount originally invested. IFC is rated AAA by the international credit rating agency Standard & Poor’s Ratings Service. The Central Bank of India has the option to intervene in the foreign Country and jurisdiction risk exchange market. Such intervention or other governmental actions could adversely affect the value of the bond as well as the yield (in USD terms) and any amount payable to you. Any other political or economic developments in India or elsewhere could lead to significant and sudden changes in the exchange rate between the INR and the USD. The above mentioned risks are not exhaustive. Please read the attached Final Terms for other risks related to this investment. Further Information The bonds may not be suitable for all investors, and we recommend Investor profile that you seek advice from your financial adviser before deciding to invest in such bonds. We also recommend that you discuss any potential tax implications Tax with your tax adviser. The levels and bases of taxation may change and vary from country to country and from person to person. Jyske Bank A/S is regulated by the Danish Financial Supervisory Jyske Bank A/S - CVR 1761 6617 Authority and by the Financial Services Authority for the conduct of designated investment business in the United Kingdom (UK). Jyske Bank is not a participant in the Financial Services Compensation Scheme in the UK. Investors resident in the UK should note that the rules and regulations for the protection of investors in the UK do not apply. Final terms and conditions International Finance Corporation (IFC) Issuer Senior, unsecured Status of the bonds Aaa/AAA (Moodys/S&P) Rating 19th November 2013 First Trading Date 26th November 2013 Initial Settlement Date 7 May 2014 3th December 2016 Maturity Date INR 30 bln. Nominal Amount 100.00 Issue Price 7.75 % annual payable semi-annually. Interest to be paid in USD Coupon/interest 30/360 Day count 3th December and 3th June every year, starting 3th December 2013 Coupon payment dates INR 100.00. The principal is in INR but the payment will be in USD Redemption Amount All amounts due in respect of principal or interest will be paid in Conversion of the Payment Amounts USD, calculated by the calculation agent by translating INR amounts into USD at the INR/USD offered rate for USD, announced by the Reserve Bank of India at approximately 1:00 pm Mumbai time on the applicable Calculation date. Any day on which commercial banks and foreign exchange markets Business days settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in Mumbai. Two Business Days prior to each Interest Payment Date and the Rate Calculation Date Maturity Date. In case of any discrepancies between this Fact Sheet and the Final Documentation Terms from IFC, the information in the latter applies. See attached. We advise all investors to read the Final Terms and the FSA Factsheet before making an investment decision. This bond is not available for investment to investors in India and Selling restrictions United States of America. This document shall not be distributed directly or indirectly to any citizen or resident of India and United States or to any Indian and US persons. Nor shall this document or part of it be distributed in jurisdictions where this is prohibited by law or other statutory instruments. Luxembourg and Singapore Listing INR 10.000 and INR 10.000 thereafter Denominations New York Governing Law HSBC Bank plc Calculation Agent Isin: US45950VCQ77 – Jyske Bank bond ID: 5825039 Security Codes 7 May 2014 Disclaimer & Disclosure Jyske Bank is supervised by the Danish Financial Supervisory Authority. This marketing communication is based on information which Jyske Bank finds reliable, but Jyske Bank does not assume any responsibility for the correctness of the material nor any liability for transactions made on the basis of the information or the estimates of the report. This communication is for the personal use of Jyske Bank's customers and may not be copied. Conflicts of interest Jyske Bank has prepared procedures to prevent and preclude conflicts of interest thus ensuring that marketing communications are prepared as objectively as possible. These procedures have been incorporated in the business procedures of Jyske Markets, a business unit of Jyske Bank. Read more about Jyske Bank's policy on conflicts of interest at www.jyskebank.dk/terms. Jyske Bank's analysts may not hold positions in the instruments for which they prepare research reports. Jyske Bank may however hold positions or have interests in the instruments for which such reports are prepared. The analysts receive no payment from persons interested in individual research reports. Risk Investment in financial instrumetns involves risk. See the Fact Sheet and Final Terms for a description of some of these risks.
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