-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VUZEA6/vCy54uNCfxdTOh3dx5GqNAOoM98/QK5D78GzsIo0vzlv7Krz+JLjFsxec NEhJH4gPCt9cZenRUrTmeA== 0001047469-08-011820.txt : 20081107 0001047469-08-011820.hdr.sgml : 20081107 20081107160750 ACCESSION NUMBER: 0001047469-08-011820 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081107 DATE AS OF CHANGE: 20081107 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DIAGEO PLC CENTRAL INDEX KEY: 0000835403 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-153488 FILM NUMBER: 081171486 BUSINESS ADDRESS: STREET 1: 8 HENRIETTA PL STREET 2: LONDON W1G 0NB CITY: UNITED KINGDOM STATE: X0 ZIP: 00000 BUSINESS PHONE: 011442079275200 MAIL ADDRESS: STREET 1: 8 HENRIETTA PLACE STREET 2: LONDON W1G 0NB CITY: UNITED KINGDOM STATE: X0 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: GRAND METROPOLITAN PUBLIC LIMITED CO DATE OF NAME CHANGE: 19971218 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIAGEO CAPITAL PLC CENTRAL INDEX KEY: 0001063250 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: EDINBURGH PARK STREET 2: 5 LOCHSIDE WAY CITY: EDINBURGH EH12 9DT STATE: X0 MAIL ADDRESS: STREET 1: EDINBURGH PARK STREET 2: 5 LOCHSIDE WAY CITY: EDINBURGH EH12 9DT STATE: X0 ZIP: 00000 FWP 1 a2189020zfwp.htm FWP
QuickLinks -- Click here to rapidly navigate through this document

Free Writing Prospectus dated November 7, 2008

  

Filed Pursuant to Rule 433(d)

 

Registration Statement No. 333-153488

 

November 7, 2008


Diageo Capital plc
US$500,000,000 7.375% Notes due 2014
Guaranteed as to the payment of Principal and Interest by
Diageo plc

Final Term Sheet

Issuer:

   Diageo Capital plc

Guarantor:

   Diageo plc

Security:

   Reopening of 7.375% Notes due 2014

Format:

   SEC Registered

Principal Amount:

   U.S.$500,000,000

Further Issue:

   The notes will constitute a further issuance of, and will be consolidated to form a single series with, the U.S.$1,000,000,000 aggregate principal amount of Diageo Capital plc's outstanding 7.375% Notes due 2014 issued on October 21, 2008. The total aggregate principal amount of the 7.375% Notes due 2014 will be U.S.$1,500,000,000.

Net Proceeds:

   U.S.$508,335,000 plus accrued interest of $2,253,472 from October 21, 2008 to, but not including, November 13, 2008

Minimum Denomination:

   U.S.$1,000

Day Count:

   30/360

Reoffer Price:

   101.967% (not including accrued interest)

Reoffer Yield:

   6.905%

Coupon:

   7.375%

Underlying Treasury:

   2.750% due October 2013

Treasury Yield:

   2.555%

Spread:

   4.35%

Settlement Date:

   November 13, 2008

Maturity Date:

   January 15, 2014

Interest Payment Dates:

   January 15 and July 15, commencing July 15, 2009

Business Days:

   New York / London

Optional Make-Whole

    

Redemption:

   The greater of 100% of principal amount or present value at a discount rate of Treasury plus 50 bps

Use of Proceeds:

   General corporate purposes

Joint Bookrunners:

   Banc of America Securities LLC, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and HSBC Securities (USA) Inc.

Expected Rating:

   Moodys: A3 / S&P: A- / Fitch: A

Expected Listing:

   New York Stock Exchange

CUSIP:

   25243YAN9

ISIN:

   US25243YAN94

Common Code:

   039524007

        This document includes disclosure about Diageo's debt rating. A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the assigning rating organisation. Each rating should be evaluated independently of any other rating.

        Diageo 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 Diageo has filed with the SEC for more complete information about Diageo and this


offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Diageo, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Banc of America Securities LLC at 1-800-294-1322, Credit Suisse Securities (USA) LLC at 1-800-221-1037, Goldman, Sachs & Co. at Prospectus Department, 1-212-902-1171 or HSBC Securities (USA) Inc. at 1-866-811-8049.



QuickLinks

Diageo Capital plc US$500,000,000 7.375% Notes due 2014 Guaranteed as to the payment of Principal and Interest by Diageo plc
Final Term Sheet
 -----END PRIVACY-ENHANCED MESSAGE-----