Final Terms. EUR 60,000, per cent. Callable Notes due July 17, 2047 (the "Notes") Tranche 1

Transcription

1 Final Terms July 12, 2017 EUR 60,000, per cent. Callable Notes due July 17, 2047 (the "Notes") Tranche 1 issued under the KfW Note Programme dated June 19, 2017 of KfW Issue Price: per cent. Issue Date: July 17, 2017 These Final Terms are issued to give details of an issue of Notes under the KfW Note Programme of KfW (the "Programme") dated June 19, They are to be read in conjunction with the Terms and Conditions of the Notes (the "Terms and Conditions") set forth in the Simplified Base Prospectus pertaining to the Programme dated June 19, All provisions in these Terms and Conditions corresponding to items in these Final Terms which are either not selected or completed or which are deleted shall be deemed to be deleted from the terms and conditions applicable to the Notes (the "Conditions"). Capitalised terms not otherwise defined herein shall have the meanings specified in the Conditions. All references in these Final Terms to numbered sections and subparagraphs are to sections and subparagraphs of the Conditions. Form of Conditions Long-Form Integrated Language of Conditions German only English only English and German (English controlling) German and English (German controlling) 1

2 CURRENCY, DENOMINATION, FORM, CERTAIN DEFINITIONS ( 1) Currency and Denomination Specified Currency EUR Aggregate Principal Amount EUR 60,000,000 Specified Denomination EUR 100,000 New Global Note TEFRA C Permanent Global Note TEFRA D Temporary Global Note exchangeable for Permanent Global Note Neither TEFRA D nor TEFRA C Permanent Global Note Certain Definitions Clearing System Clearstream Banking AG, Frankfurt am Main (CBF) Clearstream Banking, S.A., Luxembourg (CBL) Euroclear Bank SA/NV (Euroclear) Business Day TARGET INTEREST ( 3) Fixed Rate Notes Rate of Interest and Interest Payment Dates Rate of Interest per cent. per annum Interest Commencement Date July 17, 2017 Fixed Interest Date(s) July 17 in each year First Interest Payment Date July 17, 2018 Deemed Interest Payment Date(s) Initial Broken Amount (for the Aggregate Principal Amount) First interest-free period Fixed Interest Date preceding the Maturity Date Final Broken Amount (for the Aggregate Principal Amount) 2

3 Day Count Fraction Actual/Actual (ISDA) Actual/Actual (ICMA) Actual/365 (Fixed) Actual/365 (Sterling) Actual/360 30/360 or 360/360 or Bond Basis 30E/360 or Eurobond Basis REDEMPTION ( 4) Final Redemption Notes other than Instalment Notes Maturity Date July 17, 2047 Redemption Month Final Redemption Amount Aggregate Principal Amount Other Final Redemption Amount Early Redemption Early Redemption at the Option of the Issuer Partial redemption possible Minimum Redemption Amount Higher Redemption Amount Not Call Redemption Date(s) July 17, 2032 Call Redemption Amount(s) Minimum Notice to Holders Maximum Notice to Holders Payment Business Day Business Day Convention Modified Following Business Day Convention FRN Convention Following Business Day Convention Preceding Business Day Convention PAYMENTS ( 5) per cent. of the outstanding Aggregate Pricipal Amount of the Notes 5 Business Days prior to the Call Redemption Date Adjustment of interest Relevant Financial Centres TARGET No 3

4 THE FISCAL AGENT, THE PAYING AGENTAND THE CALCULATION AGENT ( 6) Fiscal Agent and Principal Paying Agent KfW Deutsche Bank Aktiengesellschaft, Frankfurt am Main Calculation Agent/specified office Fiscal Agent Required location of Calculation Agent Determination Agent/specified office Additional Paying Agent(s) KfW Deutsche Bank Aktiengesellschaft, Frankfurt am Main Additional Paying Agent(s)/specified office(s) NOTICES ( 10) Place and medium of publication Bundesanzeiger (Federal Republic of Germany) and Clearing System Clearing System Listing(s) Frankfurt am Main Luxembourg GENERAL PROVISIONS APPLICABLE TO THE NOTE(S) Public Offer in Luxembourg Conditions to which the offer to the public is subject No Management Details Dealer Commissions and Estimated Net Proceeds Management/Underwriting Commission Selling Concession Other UBS Limited 5 Broadgate London EC2M 2QS United Kingdom Estimated Net Proceeds EUR 60,000, Stabilising Dealer/Manager Securities Identification Numbers None Common Code ISIN German Security Code Any other securities number XS A2AAJT 4

5 Eurosystem eligible deposit Intended to be held in a manner which would allow Eurosystem eligibility Note that the designation "yes"simply means that the Notes areintended upon issue to bedeposited with in the case of (i)an NGN one of the ICSDs ascommon safekeeper or (ii) a CGNClearstream Banking AG,Frankfurt, and does notnecessarily mean that the Noteswill be recognised as eligiblecollateral for Eurosystemmonetary policy and intradaycredit operations by theeurosystem either upon issue orat any or all times during their life.such recognition will dependupon satisfaction of the Eurosystem eligibility criteria. Supplemental Tax Disclosure Yield Method of calculating the yield ICMA method: The ICMA method determines the effective interest rate of notes taking into account accrued interest on a daily basis Other method Selling Restrictions TEFRA C TEFRA D Neither TEFRA C nor TEFRA D Additional selling restrictions Governing Law Other relevant Terms and Conditions German law Listing The above Final Terms comprise the details required to list this issue of Notes issued pursuant to the Note Programme of KfW (as from July 17, 2017). KfW Beate Forell (Vice President) Carola Queenani (Senior Manager) 5

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