FWP 1 d378271dfwp.htm PRICING TERM SHEET Pricing Term Sheet

Filed Pursuant to Rule 433

Registration No. 333-169514

Anheuser-Busch InBev Worldwide Inc.

Pricing Term Sheet

July 11, 2012

$1,500,000,000 0.800% Notes due 2015

 

Issuer:    Anheuser-Busch InBev Worldwide Inc.
Guarantors:    Anheuser-Busch InBev SA/NV, Brandbrew S.A., Cobrew NV/SA, Anheuser-Busch Companies, LLC
Issuer Rating*    A3 (positive outlook) at Moody’s / A (stable outlook) at S&P
Legal Format:    SEC Registered
Ranking:    Senior Unsecured
Trade Date:    July 11, 2012
Settlement Date:    (T+3); July 16, 2012
Bookrunners:    Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., RBS Securities Inc., SG Americas Securities, LLC
Business Days:    New York, London, Brussels
Listing:    NYSE
Principal Amount:    $1,500,000,000
Maturity:    July 15, 2015
Denominations/Multiples:    $1,000/$1,000
Day Count:    30/360
Interest Payment Dates:    January 15 and July 15
First Payment Date:    January 15, 2013
Coupon:    0.800%
Benchmark Treasury:    0.375% due June 15, 2015
Benchmark Yield:    0.362%
Spread to Benchmark:    +50 bps
Yield to Maturity:    0.862%
Price to Public:    99.817%
Make-Whole Call:    +10 bps
CUSIP:    03523TBM9
ISIN:    US03523TBM99


The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission 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 Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, Barclays Capital Inc. toll-free at 1-888-603-5847, Deutsche Bank Securities Inc. at 1-800-503-4611 or J.P. Morgan Securities LLC at 1-212-834-4533.

 

* The ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by Moody’s or Standard and Poor’s. Each of the ratings above should be evaluated independently of any other rating.

 

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Filed Pursuant to Rule 433

Registration No. 333-169514

Anheuser-Busch InBev Worldwide Inc.

Pricing Term Sheet

July 11, 2012

$2,000,000,000 1.375% Notes due 2017

 

Issuer:    Anheuser-Busch InBev Worldwide Inc.
Guarantors:    Anheuser-Busch InBev SA/NV, Brandbrew S.A., Cobrew NV/SA, Anheuser-Busch Companies, LLC
Issuer Rating*    A3 (positive outlook) at Moody’s / A (stable outlook) at S&P
Legal Format:    SEC Registered
Ranking:    Senior Unsecured
Trade Date:    July 11, 2012
Settlement Date:    (T+3); July 16, 2012
Bookrunners:    Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., RBS Securities Inc., SG Americas Securities, LLC
Business Days:    New York, London, Brussels
Listing:    NYSE
Principal Amount:    $2,000,000,000
Maturity:    July 15, 2017
Denominations/Multiples:    $1,000/$1,000
Day Count:    30/360
Interest Payment Dates:    January 15 and July 15
First Payment Date:    January 15, 2013
Coupon:    1.375%
Benchmark Treasury:    0.750% due June 30, 2017
Benchmark Yield:    0.635%
Spread to Benchmark:    +80 bps
Yield to Maturity:    1.435%
Price to Public:    99.712%
Make-Whole Call:    +12.5 bps
CUSIP:    03523TBN7
ISIN:    US03523TBN72


The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission 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 Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, Barclays Capital Inc. toll-free at 1-888-603-5847, Deutsche Bank Securities Inc. at 1-800-503-4611 or J.P. Morgan Securities LLC at 1-212-834-4533.

 

* The ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by Moody’s or Standard and Poor’s. Each of the ratings above should be evaluated independently of any other rating.

 

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Filed Pursuant to Rule 433

Registration No. 333-169514

Anheuser-Busch InBev Worldwide Inc.

Pricing Term Sheet

July 11, 2012

$3,000,000,000 2.500% Notes due 2022

 

Issuer:    Anheuser-Busch InBev Worldwide Inc.
Guarantors:    Anheuser-Busch InBev SA/NV, Brandbrew S.A., Cobrew NV/SA, Anheuser-Busch Companies, LLC
Issuer Rating*    A3 (positive outlook) at Moody’s / A (stable outlook) at S&P
Legal Format:    SEC Registered
Ranking:    Senior Unsecured
Trade Date:    July 11, 2012
Settlement Date:    (T+3); July 16, 2012
Bookrunners:    Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., RBS Securities Inc., SG Americas Securities, LLC
Business Days:    New York, London, Brussels
Listing:    NYSE
Principal Amount:    $3,000,000,000
Maturity:    July 15, 2022
Denominations/Multiples:    $1,000/$1,000
Day Count:    30/360
Interest Payment Dates:    January 15 and July 15
First Payment Date:    January 15, 2013
Coupon:    2.500%
Benchmark Treasury:    1.750% due May 15, 2022
Benchmark Yield:    1.505%
Spread to Benchmark:    +105 bps
Yield to Maturity:    2.555%
Price to Public:    99.518%
Make-Whole Call:    +15 bps
CUSIP:    03523TBP2
ISIN:    US03523TBP21


The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission 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 Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, Barclays Capital Inc. toll-free at 1-888-603-5847, Deutsche Bank Securities Inc. at 1-800-503-4611 or J.P. Morgan Securities LLC at 1-212-834-4533.

 

* The ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by Moody’s or Standard and Poor’s. Each of the ratings above should be evaluated independently of any other rating.

 

2


Filed Pursuant to Rule 433

Registration No. 333-169514

Anheuser-Busch InBev Worldwide Inc.

Pricing Term Sheet

July 11, 2012

$1,000,000,000 3.750% Notes due 2042

 

Issuer:    Anheuser-Busch InBev Worldwide Inc.
Guarantors:    Anheuser-Busch InBev SA/NV, Brandbrew S.A., Cobrew NV/SA, Anheuser-Busch Companies, LLC
Issuer Rating*    A3 (positive outlook) at Moody’s / A (stable outlook) at S&P
Legal Format:    SEC Registered
Ranking:    Senior Unsecured
Trade Date:    July 11, 2012
Settlement Date:    (T+3); July 16, 2012
Bookrunners:    Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., RBS Securities Inc., SG Americas Securities, LLC
Business Days:    New York, London, Brussels
Listing:    NYSE
Principal Amount:    $1,000,000,000
Maturity:    July 15, 2042
Denominations/Multiples:    $1,000/$1,000
Day Count:    30/360
Interest Payment Dates:    January 15 and July 15
First Payment Date:    January 15, 2013
Coupon:    3.750%
Benchmark Treasury:    3.125% due February 15, 2042
Benchmark Yield:    2.601%
Spread to Benchmark:    +120 bps
Yield to Maturity:    3.801%
Price to Public:    99.092%
Make-Whole Call:    +20 bps
CUSIP:    03523TBQ0
ISIN:    US03523TBQ04


The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission 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 Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, Barclays Capital Inc. toll-free at 1-888-603-5847, Deutsche Bank Securities Inc. at 1-800-503-4611 or J.P. Morgan Securities LLC at 1-212-834-4533.

 

* The ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by Moody’s or Standard and Poor’s. Each of the ratings above should be evaluated independently of any other rating.

 

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