New Issue: KfW sells $4.5 billion of 1% three-year notes at 99.785

By Andrea Heisinger

New York, Jan. 5 - KfW priced $4.5 billion of 1% three-year global notes on Thursday at 99.785, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/AAA) are non-callable.

Barclays Capital Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC were the bookrunners.

Co-managers were BNP Paribas Securities Corp., Citic Securities International Co. Ltd., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, FTN Financial Services Corp., Jefferies & Co., Mizuho International plc, Morgan Stanley & Co. LLC, Nomura Securities and RBC Capital Markets LLC.

The German government-owned development bank is based in Frankfurt.

Issuer:	KfW
Issue:	Global notes
Amount:	$4.5 billion
Maturity:	Jan. 12, 2015
Bookrunners:	Barclays Capital Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC
Co-managers:	BNP Paribas Securities Corp., Citic Securities International Co. Ltd., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, FTN Financial Services Corp., Jefferies & Co., Mizuho International plc, Morgan Stanley & Co. LLC, Nomura Securities, RBC Capital Markets LLC
Coupon:	1%
Price:	99.785
Call:	Non-callable
Distribution:	Off shelf
Trade date:	Jan. 5
Settlement date:	Jan. 12
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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