Term Sheet Re-opening of BOJ FR US Dollar Indexed Note 2024A 15 Jan 2021

RE-OPENING OF BANK OF JAMAICA
3.00% US-INDEXED NOTE 2024A
ISIN: JMB202100013
ISSUER	Bank of Jamaica
OFFER VOLUME	USD40,000,000.00
ISSUE DATE	19 January 2021
	19 January 2021
SETTLEMENT DATE	However, the Bank of Jamaica reserves the right to close this
offer before 12:30 pm on Tuesday, 19 January 2021.
SUBSCRIPTION PRICES/$100	100.065753
SUBSCRIPTION CURRENCY	USD
SETTLEMENT CURRENCY	Payable in JMD using US$1.00= J$141.5762 (the conversion rate
at initial opening)
TENOR	Three years
MATURITY DATE	11 January 2024
COUPON	Fixed at 3.00% p.a.
	The first installment of interest will be due on 12 April 2021, and
INTEREST PAYMENT	will be calculated at the Coupon from the Issue Date. Thereafter
interest will be paid quarterly on 11 July, 11 October, 11 January
	and 11 April. The final payment becomes due at maturity on 11
	January 2024.
CURRENCY OF PAYMENT	All payments of principal and interest will be made in Jamaica
Dollars.
RATE OF EXCHANGE FOR PAYMENT OF	The 10-day moving average selling rate, applicable on the date of
PRINCIPAL AND INTEREST	payment.
BUSINESS DAY	In the event that a payment day occurs on a day other than a
	business day, such payment will be made on the next business
	day.
TAXATION	Interest on this instrument is subject to the withholding of taxes.
ENTITLEMENT PROCEEDS	Interest and principal payments will be effected through accounts
housed in the JamClear®-RTGS on the payment date.
REGISTRATION OF SECURITIES	Issued and registered in the JamClear®-CSD, which is the only
legal Registrar for the securities issued.
	The Bank of Jamaica reserves the right to effect prepayment
	operations on this instrument in full or in any part thereof.
	Prepayment may be effected at any date after the Issue Date with
	depositors being provided with a Notice of Prepayment of not
	less than one (1) month prior to the date of prepayment. Such
PREPAYMENT OPTION	Notice will be disseminated via a News Release issued to the
	public via the electronic media and via the Bank's website
	www.boj.org.jm. For prepayment, beneficial holders on register
	as at the record date for the specified date of prepayment will
	receive principal and accrued interest from the last interest
	payment date up to the date of prepayment.
MINIMUM BID SIZE	The minimum value for applications is US$10,000.00.