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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/07/24 European Investment Bank FWP 1:16K European Investment Bank Cravath Swaine & … 01/FA |
Document/Exhibit Description Pages Size 1: FWP Free Writing Prospectus HTML 14K
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Free Writing Prospectus
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Filed Pursuant to Rule 433(d)
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Dated 5 March 2024
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Registration Statement No. 333-274695
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Issuer:
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European Investment Bank
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Ratings(1):
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AAA (S&P)(2) / Aaa (Moody’s)(2) / AAA (Fitch)(2)
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Status:
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Senior Unsecured Notes
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Format:
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SEC-Registered
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Currency/Size:
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USD 4,000,000,000
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Maturity Date:
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19 March 2027
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Coupon:
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4.375% (semi-annual)
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Interest Payment Dates:
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19 March and 19 September of each year, commencing on 19 September 2024 (long first coupon)
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Reoffer:
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99.912%
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Underwriting Discount:
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0.100%
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Yield to Maturity:
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4.406%
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Benchmark:
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UST 3yr 4.125% due 15 February 2027
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Spread to Benchmark:
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+9.10bps
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Benchmark Yield:
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4.315%
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Trade Date:
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5 March 2024
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Settlement(3):
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12 March 2024 (T+5)
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ISIN / CUSIP / Common Code:
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US298785KB14 / 298785KB1 / 278230082
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Denominations:
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USD 1,000
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Governing Law:
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New York
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Listing:
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The Notes are expected to be listed on the Luxembourg Stock Exchange. No assurance can be given that such application will be approved or that any of the Notes will be listed.
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Target Market:
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Retail / Professional / Eligible Counterparties (all distribution channels)(4)
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Underwriters:
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BNP PARIBAS / RBC Capital Markets / TD Securities
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| (1) |
A security rating is not a recommendation to buy, sell or hold securities. Ratings are subject to revision or withdrawal at any time by the assigning rating organization. Each rating should be evaluated independently of any other
rating.
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| (2) |
Carrying a stable outlook.
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| (3) |
It is expected that delivery of the Notes will be made against payment therefor on or about 12 March 2024, which will be the fifth business day following the date of pricing of the Notes (this settlement
cycle being referred to as “T+5”). Under Rule 15c6-1 under the U.S. Securities Exchange Act of 1934, as amended, trades of securities in the secondary market generally are required to settle in two business days, unless the parties to
any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the second business day before the delivery of the Notes will be required, by virtue of the fact that the Notes initially will settle
in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to make such trades should consult their own advisor.
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(4)
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The Issuer does not fall under the scope of application of MiFID II. Consequently, the Issuer does not qualify as an “investment firm”, “manufacturer” or “distributor” for the purposes of MiFID II.
Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties, professional
clients and retail clients, each as defined in MiFID II; and (ii) all channels for distribution of the Notes are appropriate, subject to the distributor’s suitability and appropriateness obligations under MiFID II, as applicable. Any
person subsequently offering, selling or recommending the Notes (a “distributor”) should take into consideration the manufacturers’ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking
its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels, subject to the distributor’s suitability and
appropriateness obligations under MiFID II, as applicable. For the purposes of this section, the expression “MiFID II” means Directive 2014/65/EU of the
European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU, as amended from time to time, and the expression “manufacturer” means any
Underwriter that is a manufacturer under MiFID II.
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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/18/23 European Investment Bank S-B/A 5:2.7M Cravath Swaine & … 01/FA |