Obligation Anheuser-Busch InBev 4.5% ( US035240AT78 ) en USD

Anheuser-Busch InBev

89.92 % ▼

Etats-unis

US035240AT78 ( en USD )

4.5% par an ( paiement semestriel )

31/05/2050

Prospectus brochure de l'obligation Anheuser-Busch InBev US035240AT78 en USD 4.5%, échéance 31/05/2050

1 000 USD

2 250 000 000 USD

035240AT7

01/06/2024 ( Dans 16 jours )

L'Obligation émise par Anheuser-Busch InBev ( Etats-unis ) , en USD, avec le code ISIN US035240AT78, paye un coupon de 4.5% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 31/05/2050

FWP
https://www.sec.gov/Archives/edgar/data/1477818/000119312520095...
FWP 1 d912389dfwp.htm FWP
Filed Pursuant to Rule 433
Registration No. 333 223774
Anheuser-Busch InBev Worldwide Inc.
Pricing Term Sheet
April 1, 2020
$1,750,000,000 3.500% Notes due 2030
Issuer:
Anheuser-Busch InBev Worldwide Inc.
Guarantors:
Anheuser-Busch Companies, LLC, Anheuser-Busch InBev SA/NV, Anheuser-
Busch InBev Finance Inc., Brandbrew SA, Brandbev S.à r.l., Cobrew NV
Issuer Rating*:
Baa1/A- stable/negative watch
Legal Format:
SEC Registered
Ranking:
Senior Unsecured
Trade Date:
April 1, 2020
Settlement Date:
(T+2); April 3, 2020
Joint Bookrunners and Global
Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc.,
Coordinators:
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan
Securities LLC.
Joint Bookrunners:
ING Financial Markets LLC, Mizuho Securities USA LLC, NatWest Markets
Securities Inc. and SG Americas Securities, LLC.
Senior Co-Managers:
Santander Investment Securities Inc. and TD Securities (USA) LLC.
Co-Managers:
Banca IMI S.p.A. and Commerz Markets LLC.
Business Days:
New York, London, Brussels.
Listing:
NYSE
Principal Amount:
$1,750,000,000
Maturity:
June 1, 2030
Optional Redemption:
The Notes may be redeemed at any time, at the Issuer's option, as a whole or in
part, upon not less than 10 nor more than 60 days' prior notice, at a redemption
price equal to the greater of:
·100% of the aggregate principal amount of the Notes to be redeemed;
and
·as determined by the Independent Investment Banker (as defined
below), the sum of the present values of the remaining scheduled
payments of principal and interest on the Notes to be redeemed as if
the Notes to be redeemed matured on March 1, 2030 (not including
any portion of such payments of interest accrued to the date of
redemption) discounted to the redemption date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus 45 bps;
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plus, in each case described above, accrued and unpaid interest on the principal
amount being redeemed to (but excluding) the redemption date.
On or after March 1, 2030, the Notes will be redeemable as a whole or in part,
at the Issuer's option at any time and from time to time at a redemption price
equal to 100% of the principal amount of the Notes being redeemed, plus
accrued and unpaid interest to, but excluding, the date of redemption.
Optional Tax Redemption:
The Notes may be redeemed at any time, at the Issuer's or the Parent
Guarantor's option, as a whole, but not in part, upon not less than 10 nor more
than 60 days' prior notice, at a redemption price equal to 100% of the principal
amount of the Notes then outstanding plus accrued and unpaid interest on the
principal amount being redeemed (and all Additional Amounts (as defined
below), if any) to (but excluding) the redemption date, if (i) as a result of any
change in, or amendment to, the laws, treaties, regulations or rulings of a
jurisdiction in which the Issuer or any Guarantor is incorporated, organized, or
otherwise tax resident or any political subdivision or any authority thereof or
therein having power to tax, or in the interpretation, application or
administration of any such laws, treaties, regulations or rulings (including a
holding, judgment or order by a court of competent jurisdiction) which
becomes effective on or after April 1, 2020 (any such change or amendment, a
"Change in Tax Law"), the Issuer (or if a payment were then due under a
Guarantee, the relevant Guarantor) would be required to pay Additional
Amounts and (ii) such obligation cannot be avoided by the Issuer (or the
relevant Guarantor) taking reasonable measures available to it, provided,
however, that any series of Notes may not be redeemed to the extent such
Additional Amounts arise solely as a result of the Issuer assigning its
obligations under such Notes to a Substitute Issuer, unless this assignment to a
Substitute Issuer is undertaken as part of a plan of merger by the Parent
Guarantor.
No notice of redemption may be given earlier than 90 days prior to the earliest
date on which the Issuer or the Guarantor would be obligated to pay the
Additional Amounts if a payment in respect of the Notes were then due.
"Additional Amounts" means such additional amounts as shall be necessary in
order that the net amounts received by the Holders, after a withholding or
deduction, shall equal the respective amounts of principal and interest which
would otherwise have been receivable in the absence of such withholding or
deduction.
Denominations/Multiples:
$1,000/$1,000
Day Count:
30/360
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Interest Payment Dates:
June 1 and December 1
First Payment Date:
December 1, 2020
Coupon:
3.500%
Benchmark Treasury:
1.500% due February 15, 2030
Benchmark Price and Yield:
108-12; 0.624%
Spread to Benchmark:
+290 bps
Yield to Maturity:
3.524%
Price to Public:
99.790%
CUSIP:
035240 AV2
ISIN:
US035240AV25
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 Barclays Capital Inc. toll-free at
1-888-603-5847, BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities, Inc. toll-free at
1-800-294-1322, Citigroup Global Markets Inc. at 1-800-831-9146, Deutsche Bank Securities Inc. at
1-800-503-4611 or J.P. Morgan Securities LLC at 1-212-834-4533.
It is expected that delivery of the Notes will be made against payment thereof on or about April 3, 2020 which will
be two U.S. business days (as such term is used for purposes of Rule 15c6-1 of the U.S. Securities Exchange Act of
1934, as amended (the "Exchange Act")) following the date hereof (such settlement cycle being referred to as
"T+2").
*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 223774
Anheuser-Busch InBev Worldwide Inc.
Pricing Term Sheet
April 1, 2020
$1,000,000,000 4.350% Notes due 2040
Issuer:
Anheuser-Busch InBev Worldwide Inc.
Guarantors:
Anheuser-Busch Companies, LLC, Anheuser-Busch InBev SA/NV, Anheuser-
Busch InBev Finance Inc., Brandbrew SA, Brandbev S.à r.l., Cobrew NV
Issuer Rating*:
Baa1/A- stable/negative watch
Legal Format:
SEC Registered
Ranking:
Senior Unsecured
Trade Date:
April 1, 2020
Settlement Date:
(T+2); April 3, 2020
Joint Bookrunners and Global
Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc.,
Coordinators:
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan
Securities LLC.
Joint Bookrunners:
ING Financial Markets LLC; Mizuho Securities USA LLC, NatWest Markets
Securities Inc. and SG Americas Securities, LLC.
Senior Co-Managers:
Santander Investment Securities Inc. and TD Securities (USA) LLC.
Co-Managers:
Banca IMI S.p.A. and Commerz Markets LLC.
Business Days:
New York, London, Brussels.
Listing:
NYSE
Principal Amount:
$1,000,000,000
Maturity:
June 1, 2040
Optional Redemption:
The Notes may be redeemed at any time, at the Issuer's option, as a whole or in
part, upon not less than 10 nor more than 60 days' prior notice, at a redemption
price equal to the greater of:
·100% of the aggregate principal amount of the Notes to be redeemed;
and
·as determined by the Independent Investment Banker (as defined
below), the sum of the present values of the remaining scheduled
payments of principal and interest on the Notes to be redeemed as if
the Notes to be redeemed matured on December 1, 2039 (not
including any portion of such payments of interest accrued to the date
of redemption) discounted to the redemption date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus 50 bps;
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plus, in each case described above, accrued and unpaid interest on the principal
amount being redeemed to (but excluding) the redemption date.
On or after December 1, 2039, the Notes will be redeemable as a whole or in
part, at the Issuer's option at any time and from time to time at a redemption
price equal to 100% of the principal amount of the Notes being redeemed, plus
accrued and unpaid interest to, but excluding, the date of redemption.
Optional Tax Redemption:
The Notes may be redeemed at any time, at the Issuer's or the Parent
Guarantor's option, as a whole, but not in part, upon not less than 10 nor more
than 60 days' prior notice, at a redemption price equal to 100% of the principal
amount of the Notes then outstanding plus accrued and unpaid interest on the
principal amount being redeemed (and all Additional Amounts (as defined
below), if any) to (but excluding) the redemption date, if (i) as a result of any
change in, or amendment to, the laws, treaties, regulations or rulings of a
jurisdiction in which the Issuer or any Guarantor is incorporated, organized, or
otherwise tax resident or any political subdivision or any authority thereof or
therein having power to tax, or in the interpretation, application or
administration of any such laws, treaties, regulations or rulings (including a
holding, judgment or order by a court of competent jurisdiction) which
becomes effective on or after April 1, 2020 (any such change or amendment, a
"Change in Tax Law"), the Issuer (or if a payment were then due under a
Guarantee, the relevant Guarantor) would be required to pay Additional
Amounts and (ii) such obligation cannot be avoided by the Issuer (or the
relevant Guarantor) taking reasonable measures available to it, provided,
however, that any series of Notes may not be redeemed to the extent such
Additional Amounts arise solely as a result of the Issuer assigning its
obligations under such Notes to a Substitute Issuer, unless this assignment to a
Substitute Issuer is undertaken as part of a plan of merger by the Parent
Guarantor.
No notice of redemption may be given earlier than 90 days prior to the earliest
date on which the Issuer or the Guarantor would be obligated to pay the
Additional Amounts if a payment in respect of the Notes were then due.
"Additional Amounts" means such additional amounts as shall be necessary in
order that the net amounts received by the Holders, after a withholding or
deduction, shall equal the respective amounts of principal and interest which
would otherwise have been receivable in the absence of such withholding or
deduction.
Denominations/Multiples:
$1,000/$1,000
Day Count:
30/360
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Interest Payment Dates:
June 1 and December 1
First Payment Date:
December 1, 2020
Coupon:
4.350%
Benchmark Treasury:
2.375% due November 15, 2049
Benchmark Price and Yield:
126-08; 1.304%
Spread to Benchmark:
+305 bps
Yield to Maturity:
4.354%
Price to Public:
99.937%
CUSIP:
035240 AS9
ISIN:
US035240AS95
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 Barclays Capital Inc. toll-free at
1-888-603-5847, BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities, Inc. toll-free at
1-800-294-1322, Citigroup Global Markets Inc. at 1-800-831-9146, Deutsche Bank Securities Inc. at
1-800-503-4611 or J.P. Morgan Securities LLC at 1-212-834-4533..
It is expected that delivery of the Notes will be made against payment thereof on or about April 3, 2020 which will
be two U.S. business days (as such term is used for purposes of Rule 15c6-1 of the U.S. Securities Exchange Act of
1934, as amended (the "Exchange Act")) following the date hereof (such settlement cycle being referred to as
"T+2").
*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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https://www.sec.gov/Archives/edgar/data/1477818/000119312520095...
Filed Pursuant to Rule 433
Registration No. 333 223774
Anheuser-Busch InBev Worldwide Inc.
Pricing Term Sheet
April 1, 2020
$2,250,000,000 4.500% Notes due 2050
Issuer:
Anheuser-Busch InBev Worldwide Inc.
Guarantors:
Anheuser-Busch Companies, LLC, Anheuser-Busch InBev SA/NV, Anheuser-
Busch InBev Finance Inc., Brandbrew SA, Brandbev S.à r.l., Cobrew NV
Issuer Rating*:
Baa1/A- stable/negative watch
Legal Format:
SEC Registered
Ranking:
Senior Unsecured
Trade Date:
April 1, 2020
Settlement Date:
(T+2); April 3, 2020
Joint Bookrunners and Global
Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc.,
Coordinators:
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan
Securities LLC.
Joint Bookrunners:
ING Financial Markets LLC; Mizuho Securities USA LLC, NatWest Markets
Securities Inc. and SG Americas Securities, LLC.
Senior Co-Managers:
Santander Investment Securities Inc. and TD Securities (USA) LLC.
Co-Managers:
Banca IMI S.p.A. and Commerz Markets LLC.
Business Days:
New York, London, Brussels
Listing:
NYSE
Principal Amount:
$2,250,000,000
Maturity:
June 1, 2050
Optional Redemption:
The Notes may be redeemed at any time, at the Issuer's option, as a whole or in
part, upon not less than 10 nor more than 60 days' prior notice, at a redemption
price equal to the greater of:
·100% of the aggregate principal amount of the Notes to be redeemed;
and
·as determined by the Independent Investment Banker (as defined
below), the sum of the present values of the remaining scheduled
payments of principal and interest on the Notes to be redeemed as if
the Notes to be redeemed matured on December 1, 2049 (not
including any portion of such payments of interest accrued to the date
of redemption) discounted to the redemption date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus 50 bps;
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plus, in each case described above, accrued and unpaid interest on the principal
amount being redeemed to (but excluding) the redemption date.
On or after December 1, 2049, the Notes will be redeemable as a whole or in
part, at the Issuer's option at any time and from time to time at a redemption
price equal to 100% of the principal amount of the Notes being redeemed, plus
accrued and unpaid interest to, but excluding, the date of redemption.
Optional Tax Redemption:
The Notes may be redeemed at any time, at the Issuer's or the Parent
Guarantor's option, as a whole, but not in part, upon not less than 10 nor more
than 60 days' prior notice, at a redemption price equal to 100% of the principal
amount of the Notes then outstanding plus accrued and unpaid interest on the
principal amount being redeemed (and all Additional Amounts (as defined
below), if any) to (but excluding) the redemption date, if (i) as a result of any
change in, or amendment to, the laws, treaties, regulations or rulings of a
jurisdiction in which the Issuer or any Guarantor is incorporated, organized, or
otherwise tax resident or any political subdivision or any authority thereof or
therein having power to tax, or in the interpretation, application or
administration of any such laws, treaties, regulations or rulings (including a
holding, judgment or order by a court of competent jurisdiction) which
becomes effective on or after April 1, 2020 (any such change or amendment, a
"Change in Tax Law"), the Issuer (or if a payment were then due under a
Guarantee, the relevant Guarantor) would be required to pay Additional
Amounts and (ii) such obligation cannot be avoided by the Issuer (or the
relevant Guarantor) taking reasonable measures available to it, provided,
however, that any series of Notes may not be redeemed to the extent such
Additional Amounts arise solely as a result of the Issuer assigning its
obligations under such Notes to a Substitute Issuer, unless this assignment to a
Substitute Issuer is undertaken as part of a plan of merger by the Parent
Guarantor.
No notice of redemption may be given earlier than 90 days prior to the earliest
date on which the Issuer or the Guarantor would be obligated to pay the
Additional Amounts if a payment in respect of the Notes were then due.
"Additional Amounts" means such additional amounts as shall be necessary in
order that the net amounts received by the Holders, after a withholding or
deduction, shall equal the respective amounts of principal and interest which
would otherwise have been receivable in the absence of such withholding or
deduction.
Denominations/Multiples:
$1,000/$1,000
Day Count:
30/360
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FWP
https://www.sec.gov/Archives/edgar/data/1477818/000119312520095...
Interest Payment Dates:
June 1 and December 1
First Payment Date:
December 1, 2020
Coupon:
4.500%
Benchmark Treasury:
2.375% due November 15, 2049
Benchmark Price and Yield:
126-08; 1.304%
Spread to Benchmark:
+320 bps
Yield to Maturity:
4.504%
Price to Public:
99.924%
CUSIP:
035240 AT7
ISIN:
US035240AT78
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 Barclays Capital Inc. toll-free at
1-888-603-5847, BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities, Inc. toll-free at
1-800-294-1322, Citigroup Global Markets Inc. at 1-800-831-9146, Deutsche Bank Securities Inc. at
1-800-503-4611 or J.P. Morgan Securities LLC at 1-212-834-4533..
It is expected that delivery of the Notes will be made against payment thereof on or about April 3, 2020, which will
be two U.S. business days (as such term is used for purposes of Rule 15c6-1 of the U.S. Securities Exchange Act of
1934, as amended (the "Exchange Act")) following the date hereof (such settlement cycle being referred to as
"T+2").
*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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FWP
https://www.sec.gov/Archives/edgar/data/1477818/000119312520095...
Filed Pursuant to Rule 433
Registration No. 333 223774
Anheuser-Busch InBev Worldwide Inc.
Pricing Term Sheet
April 1, 2020
$1,000,000,000 4.600% Notes due 2060
Issuer:
Anheuser-Busch InBev Worldwide Inc.
Guarantors:
Anheuser-Busch Companies, LLC, Anheuser-Busch InBev SA/NV, Anheuser-
Busch InBev Finance Inc., Brandbrew SA, Brandbev S.à r.l., Cobrew NV
Issuer Rating*:
Baa1/A- stable/negative watch
Legal Format:
SEC Registered
Ranking:
Senior Unsecured
Trade Date:
April 1, 2020
Settlement Date:
(T+2); April 3, 2020
Joint Bookrunners and Global
Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc.,
Coordinators:
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan
Securities LLC.
Joint Bookrunners:
ING Financial Markets LLC; Mizuho Securities USA LLC, NatWest Markets
Securities Inc. and SG Americas Securities, LLC.
Senior Co-Managers:
Santander Investment Securities Inc. and TD Securities (USA) LLC.
Co-Managers:
Banca IMI S.p.A. and Commerz Markets LLC.
Business Days:
New York, London, Brussels
Listing:
NYSE
Principal Amount:
$1,000,000,000
Maturity:
June 1, 2060
Optional Redemption:
The Notes may be redeemed at any time, at the Issuer's option, as a whole or in
part, upon not less than 10 nor more than 60 days' prior notice, at a redemption
price equal to the greater of:
·100% of the aggregate principal amount of the Notes to be redeemed;
and
·as determined by the Independent Investment Banker (as defined
below), the sum of the present values of the remaining scheduled
payments of principal and interest on the Notes to be redeemed as if
the Notes to be redeemed matured on December 1, 2059 (not
including any portion of such payments of interest accrued to the date
of redemption) discounted to the redemption date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus 50 bps;
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