|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/29/22 Hungary FWP 1:18K Hungary Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: FWP Free-Writing Prospectus HTML 16K
Filed Pursuant to Rule 433
Registration No. 333-191209
Relating to Preliminary Prospectus Supplement dated November 28, 2022
Hungary
U.S.$400,000,000 7.625% Notes due 2041
Pricing
Term Sheet
dated November 28, 2022
| Issuer | Hungary |
| Security | 7.625% Notes due 2041 (Re-opening) |
| Currency | United States Dollar ("U.S.$") |
| Pricing Date | November 28, 2022 |
| Outstanding Amount | U.S.$1,250,000,000 (Before re-opening) |
| Re-opening Amount Offered | U.S.$400,000,000 |
| Maturity Date | March 29, 2041 |
| Coupon | 7.625% |
| Interest Payment Dates | Semi-annual on September 29 and March 29 in each year |
| Price to Public | 106.50%1 |
| Benchmark Treasury | T 4 11/15/42 |
| Benchmark Treasury Price | 100 – 07 |
| Benchmark Treasury Yield | 3.984% |
| Spread to Benchmark Treasury | 300.5bps |
| Yield | 6.989% |
Net Proceeds to Issuer, before Expenses |
U.S.$430,352,778 |
| Expected Settlement Date | December 1, 2022 (T+3) |
| Listing | London Stock Exchange |
| Governing Law | New York, New York |
| Settlement | Depository Trust Company |
| Form of the Notes | Registered Global Notes |
1 Plus accrued and unpaid interest, from and including September 29, 2022 to, but excluding December 1, 2022, in the amount of U.S.$5,252,778.
C:
| CUSIP | 445545AF3 |
| ISIN | US445545AF36 |
| Common Code | 061189734 |
| Anticipated Ratings | Baa2 / BBB / BBB from Moody’s / S&P / Fitch |
| Lead Manager: | J.P. Morgan SE |
| Form | The Notes will be book-entry securities in fully registered form, without coupons, registered in the name of Cede & Co., as nominee of DTC, in minimum denominations of U.S.$2,000 and integral multiples thereof. |
Note: A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time.
A preliminary prospectus supplement of Hungary accompanies the free-writing prospectus and is available from the SEC's website at https://www.sec.gov/Archives/edgar/data/889414/000110465922122341/tm2231387-2_424b5.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 website at www.sec.gov. Alternatively, the Issuer, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan SE at +44 (0) 20 7134 2468.
C:
| This ‘FWP’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/1/22 | ||||
| Filed on: | 11/29/22 | |||
| 11/28/22 | 424B5, FWP | |||
| 9/29/22 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/28/22 Hungary 424B5 1:2.8M Toppan Merrill/FA |