0001104659-12-034679.txt : 20120509 0001104659-12-034679.hdr.sgml : 20120509 20120508205758 ACCESSION NUMBER: 0001104659-12-034679 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120509 DATE AS OF CHANGE: 20120508 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DIAGEO INVESTMENT CORP CENTRAL INDEX KEY: 0001087911 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 222877301 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-179426-03 FILM NUMBER: 12823519 BUSINESS ADDRESS: STREET 1: 6 LANDMARK SQUARE STREET 2: - CITY: STAMFORD STATE: CT ZIP: 06901-2704 BUSINESS PHONE: 2033597102 MAIL ADDRESS: STREET 1: BRADLEY D WILLIAMS STREET 2: 6 LANDMARK SQUARE CITY: STAMFORD STATE: CT ZIP: 06901-2704 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIAGEO PLC CENTRAL INDEX KEY: 0000835403 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: LAKESIDE DRIVE STREET 2: PARK ROYAL CITY: LONDON STATE: X0 ZIP: NW10 7HQ BUSINESS PHONE: 442089786000 MAIL ADDRESS: STREET 1: LAKESIDE DRIVE STREET 2: PARK ROYAL CITY: LONDON STATE: X0 ZIP: NW10 7HQ FORMER COMPANY: FORMER CONFORMED NAME: GRAND METROPOLITAN PUBLIC LIMITED CO DATE OF NAME CHANGE: 19971218 FWP 1 a12-11189_5fwp.htm FWP

 

Free Writing Prospectus dated May 8, 2012

 

Filed Pursuant to Rule 433(d)
Registration Statement No. 333 – 179426
May 8, 2012

 

Diageo Capital plc

U.S.$1,000,000,000 1.500% Notes due 2017

Guaranteed as to the payment of Principal and Interest by

Diageo plc

 

Final Term Sheet

 

Issuer:

 

Diageo Capital plc

Guarantor:

 

Diageo plc

Security:

 

1.500% Notes due 2017

Format:

 

SEC Registered

Principal Amount:

 

U.S.$1,000,000,000

Net Proceeds (after underwriting discount):

 

U.S.$992,600,000

Minimum Denomination:

 

U.S.$1,000

Day Count:

 

30/360

Reoffer Price:

 

99.560%

Reoffer Yield:

 

1.592%

Coupon:

 

1.500%

Underlying Treasury:

 

0.875% due April 2017

Treasury Yield:

 

0.772%

Spread:

 

0.820%

Settlement Date:

 

May 11, 2012 (T+3)

Maturity Date:

 

May 11, 2017

Interest Payment Dates:

 

May 11 and November 11 of each year, commencing on November 11, 2012

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 15 bps

Use of Proceeds:

 

General corporate purposes

Joint Bookrunners:

 

Citigroup Global Markets Inc.

Credit Suisse Securities (USA) LLC

Deutsche Bank Securities Inc.

HSBC Securities (USA) Inc.

Morgan Stanley & Co. LLC

Nomura Securities International, Inc.

RBS Securities Inc.

Expected Rating:

 

Moody’s: A3 / S&P: A- / Fitch: A-

Expected Listing:

 

NYSE (expected within 30 days after Settlement Date)

CUSIP:

 

25243Y AR0

ISIN:

 

US25243YAR09

 


 

Diageo Investment Corporation

U.S.$1,000,000,000 2.875% Notes due 2022

Guaranteed as to the payment of Principal and Interest by

Diageo plc

 

Final Term Sheet

 

Issuer:

 

Diageo Investment Corporation

Guarantor:

 

Diageo plc

Security:

 

2.875% Notes due 2022

Format:

 

SEC Registered

Principal Amount:

 

U.S.$1,000,000,000

Net Proceeds (after underwriting discount):

 

U.S.$992,380,000

Minimum Denomination:

 

U.S.$1,000

Day Count:

 

30/360

Reoffer Price:

 

99.638%

Reoffer Yield:

 

2.917%

Coupon:

 

2.875%

Underlying Treasury:

 

2.000% due February 2022

Treasury Yield:

 

1.847%

Spread:

 

1.070%

Settlement Date:

 

May 11, 2012 (T+3)

Maturity Date:

 

May 11, 2022

Interest Payment Dates:

 

May 11 and November 11 of each year, commencing on November 11, 2012

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 20 bps

Use of Proceeds:

 

General corporate purposes

Joint Bookrunners:

 

Citigroup Global Markets Inc.

Credit Suisse Securities (USA) LLC

Deutsche Bank Securities Inc.

HSBC Securities (USA) Inc.

Morgan Stanley & Co. LLC

Nomura Securities International, Inc.

RBS Securities Inc.

Expected Rating:

 

Moody’s: A3 / S&P: A- / Fitch: A-

Expected Listing:

 

None

CUSIP:

 

25245B AB3

ISIN:

 

US25245BAB36

 

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Diageo Investment Corporation

U.S.$500,000,000 4.250% Notes due 2042

Guaranteed as to the payment of Principal and Interest by

Diageo plc

 

Final Term Sheet

 

Issuer:

 

Diageo Investment Corporation

Guarantor:

 

Diageo plc

Security:

 

4.250% Notes due 2042

Format:

 

SEC Registered

Principal Amount:

 

U.S.$500,000,000

Net Proceeds (after underwriting discount):

 

U.S.$493,225,000

Minimum Denomination:

 

U.S.$1,000

Day Count:

 

30/360

Reoffer Price:

 

99.395%

Reoffer Yield:

 

4.286%

Coupon:

 

4.250%

Underlying Treasury:

 

3.125% due November 2041

Treasury Yield:

 

3.036%

Spread:

 

1.250%

Settlement Date:

 

May 11, 2012 (T+3)

Maturity Date:

 

May 11, 2042

Interest Payment Dates:

 

May 11 and November 11 of each year, commencing on November 11, 2012

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 20 bps

Use of Proceeds:

 

General corporate purposes

Joint Bookrunners:

 

Citigroup Global Markets Inc.

Credit Suisse Securities (USA) LLC

Deutsche Bank Securities Inc.

HSBC Securities (USA) Inc.

Morgan Stanley & Co. LLC

Nomura Securities International, Inc.

RBS Securities Inc.

Expected Rating:

 

Moody’s: A3 / S&P: A- / Fitch: A-

Expected Listing:

 

None

CUSIP:

 

25245B AA5

ISIN:

 

US25245BAA52

 

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Note on Capitalization of Diageo and its consolidated subsidiaries: Note 7 to the table set forth under the heading “Capitalization” in the Prospectus to which this term sheet relates should be replaced with the following: “At March 31, 2012, the group’s net borrowings were £8,387 million.  Since that date, there has been no material change to the group’s net borrowings.”

 

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, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. at 1-877-858-5407, Credit Suisse Securities (USA) LLC at 1-800-221-1037, Deutsche Bank Securities Inc. at 1-800-503-4611, HSBC Securities (USA) Inc. at 1-866-811-8049, Morgan Stanley & Co. LLC at 1-866-718-1659, Nomura Securities International, Inc. at 1-800-638-2268 or RBS Securities Inc. at 1-866-884-2071.

 

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