Inter-American Development Bank Issue of Debt (3781G)

TIDM42BI

RNS Number : 3781G

Inter-American Development Bank

20 November 2015

PRICING SUPPLEMENT

Inter-American Development Bank

Global Debt Program

Series No: 538

U.S.$575,000,000 Floating Rate Notes due October 15, 2020

Issue Price: 100.000 percent

Application has been made for the Notes to be admitted to the

Official List of the United Kingdom Listing Authority and

to trading on the London Stock Exchange plc's

Regulated Market

Citigroup

HSBC

The date of this Pricing Supplement is November 17, 2015.

Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the "Conditions") set forth in the Prospectus dated January 8, 2001 (the "Prospectus") (which for the avoidance of doubt does not constitute a prospectus for the purposes of Part VI of the United Kingdom Financial Services and Markets Act 2000 or a base prospectus for the purposes of Directive 2003/71/EC of the European Parliament and of the Council). This Pricing Supplement must be read in conjunction with the Prospectus. This document is issued to give details of an issue by the Inter-American Development Bank (the "Bank") under its Global Debt Program and to provide information supplemental to the Prospectus. Complete information in respect of the Bank and this offer of the Notes is only available on the basis of the combination of this Pricing Supplement and the Prospectus.

Terms and Conditions

The following items under this heading "Terms and Conditions" are the particular terms which relate to the issue the subject of this Pricing Supplement. These are the only terms which form part of the form of Notes for such issue.

 
1. Series No.:                                                    538 
2. Aggregate Principal Amount:                                    U.S.$575,000,000 
3. Issue Price:                                                   U.S.$575,000,000, which is 100.000 
                                                                   percent of the Aggregate Principal 
                                                                   Amount 
4. Issue Date:                                                    November 20, 2015 
5. Form of Notes 
 (Condition 1(a)):                                                  Registered only, as further 
                                                                    provided in paragraph 10 of 
                                                                    "Other Relevant Terms" below 
6. Authorized Denomination(s)                                     U.S.$1,000 and integral multiples 
                                                                   thereof 
  (Condition 1(b)): 
7. Specified Currency                                             United States Dollars (U.S.$ 
 (Condition 1(d)):                                                 or USD) being the lawful currency 
                                                                   of the United States of America 
8. Specified Principal Payment                                    USD 
 Currency 
 (Conditions 1(d) and 7(h)): 
9. Specified Interest Payment                                     USD 
 Currency 
 (Conditions 1(d) and 7(h)): 
10. Maturity Date                                                 October 15, 2020 
 (Condition 6(a)): 
11. Interest Basis                                                Variable Interest Rate (Condition 
 (Condition 5):                                                    5(II)) 
12. Interest Commencement Date                                    Issue Date (November 20, 2015) 
 (Condition 5(III)): 
13. Variable Interest Rate (Condition 
 5(II)): 
                       (a) Calculation Amount (if different       Not Applicable 
                        than Principal Amount of the 
                        Note): 
                       (b) Business Day Convention:               Modified Following Business 
                                                                   Day Convention 
                       (c) Specified Interest Period:             Not Applicable 
                       (d) Interest Payment Date:                 Quarterly in arrear on January 
                                                                   15, April 15, July 15, and October 
                                                                   15, commencing on January 15, 
                                                                   2016, up to and including the 
                                                                   Maturity Date. 
                                                                   Each Interest Payment Date is 
                                                                   subject to adjustment in accordance 
                                                                   with the Modified Following 
                                                                   Business Day Convention. 
                       (e) Reference Rate:                        3-Month USD-LIBOR-BBA; provided, 
                                                                   however, that the Reference 
                                                                   Rate applicable to the first 
                                                                   Interest Period shall be determined 
                                                                   by linear interpolation between 
                                                                   1-Month USD-LIBOR-BBA and 2-Month 
                                                                   USD-LIBOR-BBA based on the number 
                                                                   of days in such first Interest 
                                                                   Period. 
                                                                   "1-Month USD-LIBOR-BBA" means 
                                                                   the rate for deposits in USD 
                                                                   for a period of 1 month which 
                                                                   appears on Reuters Screen LIBOR01 
                                                                   (or such other page that may 
                                                                   replace that page on that service 
                                                                   or a successor service) as of 
                                                                   the Relevant Time on the Interest 
                                                                   Determination Date; 
                                                                   "2-Month USD-LIBOR-BBA" means 
                                                                   the rate for deposits in USD 
                                                                   for a period of 2 months which 
                                                                   appears on Reuters Screen LIBOR01 
                                                                   (or such other page that may 
                                                                   replace that page on that service 
                                                                   or a successor service) as of 
                                                                   the Relevant Time on the Interest 
                                                                   Determination Date; 
                                                                   "3-Month USD-LIBOR-BBA" means 
                                                                   the rate for deposits in USD 
                                                                   for a period of 3 months which 
                                                                   appears on Reuters Screen LIBOR01 
                                                                   (or such other page that may 
                                                                   replace that page on that service 
                                                                   or a successor service) as of 
                                                                   the Relevant Time on the Interest 
                                                                   Determination Date; 
                                                                   "Relevant Time" means 11:00 
                                                                   a.m., London time; 
                                                                   "Interest Determination Date" 
                                                                   means the second London Banking 
                                                                   Day prior to the first day of 
                                                                   the relevant Interest Period; 
                                                                   and 
                                                                   "London Banking Day" means a 
                                                                   day on which commercial banks 
                                                                   are open for general business, 
                                                                   including dealings in foreign 
                                                                   exchange and foreign currency 
                                                                   deposits, in London. 
                                                                   If such rate does not appear 
                                                                   on Reuters Screen LIBOR01 (or 
                                                                   such other page that may replace 
                                                                   that page on that service or 

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November 20, 2015 13:00 ET (18:00 GMT)