Obligation B.A.T.E. 2% ( XS1203860934 ) en EUR

B.A.T.E.

100 % ⇌

Royaume-uni

XS1203860934 ( en EUR )

2% par an ( paiement annuel )

13/03/2045 - Obligation échue

Prospectus brochure de l'obligation B.A.T XS1203860934 en EUR 2%, échue

B.A.T. est l'acronyme de Breakthrough to Awareness Technology, une technologie de réalité virtuelle immersive visant à améliorer la conscience et le bien-être.

L'Obligation émise par B.A.T.E. ( Royaume-uni ) , en EUR, avec le code ISIN XS1203860934, paye un coupon de 2% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 13/03/2045

FINAL TERMS
Dated 12 March 2015
B.A.T. INTERNATIONAL FINANCE p.l.c.

Issue of 600,000,000 2.00 per cent. Guaranteed Notes due 2045

Guaranteed by
BRITISH AMERICAN TOBACCO HOLDINGS (THE NETHERLANDS) B.V.
B.A.T. NETHERLANDS FINANCE B.V.
BRITISH AMERICAN TOBACCO p.l.c.

under the £15,000,000,000 Euro Medium Term Note Programme
PART A - CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the
"Conditions") set forth in the Base Prospectus dated 16 May 2014 and the supplemental Prospectuses dated
31 July 2014 and 9 March 2015 which together constitute a base prospectus for the purposes of Directive
2003/71/EC (and amendments thereto, including Directive 2010/73/EU) (the "Prospectus Directive"). This
document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the
Prospectus Directive and must be read in conjunction with such Base Prospectus as so supplemented. Full
information on the Issuer and the offer of the Notes is only available on the basis of the combination of these
Final Terms and the Base Prospectus as so supplemented. The Base Prospectus and the supplemental
Prospectuses are available for viewing at www.londonstockexchange.com/exchange/news/market-
news/market-news-home.html and copies may be obtained from British American Tobacco p.l.c., Globe
House, 4 Temple Place, London WC2R 2PG or Citibank, N.A., London Branch, Citigroup Centre, Canada
Square, Canary Wharf, London E14 5LB.
1.
(i)
Issuer:
B.A.T. International Finance p.l.c.
(ii)
Guarantors:
British
American
Tobacco
Holdings
(The
Netherlands) B.V.
B.A.T. Netherlands Finance B.V.
British American Tobacco p.l.c.
2.
(i)
Series Number:
52
(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
Euro ("")
4.
Aggregate Nominal Amount:

(i)
Series:
600,000,000
(ii)
Tranche:
600,000,000
5.
Issue Price of Tranche:
97.813 per cent. of the Aggregate Nominal Amount
6.
(i)
Specified Denominations:
100,000 and integral multiples of 1,000 in excess

1

thereof up to and including 199,000. No Notes in
definitive form will be issued with a denomination
above 199,000
(ii)
Calculation Amount:
1,000
7.
(i)
Issue Date:
13 March 2015
(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
13 March 2045
9.
Interest Basis:
Fixed Rate

(Further particulars specified below in paragraph 14)
10.
Redemption Basis:
Subject to any purchase and cancellation or early

redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
11.
Change of Interest:
Not Applicable

12.
Put/Call Options:
Issuer Call

(Further particulars specified below in paragraph 18)
13.
(i)
Status of the Notes:
Senior
(ii)
Status of the Guarantee:
Senior
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
2.00 per cent. per annum payable in arrear on each
Interest Payment Date
(ii)
Interest Payment Date(s):
13 March in each year, commencing on 13 March
2016, up to and including the Maturity Date
(iii)
Fixed Coupon Amount:
20.00 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/Actual (ICMA)

(vi)
Determination Dates:
13 March in each year

15.
Floating Rate Note Provisions
Not Applicable
16.
Zero Coupon Note Provisions
Not Applicable

2

PROVISIONS RELATING TO REDEMPTION

17.
Notice periods for Condition 6(b):
Minimum period: 15 days

Maximum period: 30 days
18.
Issuer Call:
Applicable
(i)
Optional Redemption Date(s):
Any Business Day (as defined in Condition 4) from,
and including, 13 December 2044 to, but excluding,
the Maturity Date
(ii)
Optional Redemption Amount(s):
1,000 per Calculation Amount
(iii)
If redeemable in part:
Not Applicable
(iv)
Notice periods:
Minimum period: 15 days

Maximum period: 30 days
19.
Investor Put:
Not Applicable
20.
Final Redemption Amount:
1,000 per Calculation Amount
21.
Early Redemption Amount(s) payable on
As set out in Condition 6(e)
redemption for taxation reasons or on event
of default or other early redemption:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
Form of Notes:
Bearer Notes
(i)
Form:
Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes upon an Exchange Event
(ii)
New Global Note:
Yes
23.
Additional Financial Centre(s):
Not Applicable
24.
Talons for future Coupons to be attached to
Yes, as the Notes have more than 27 coupon
Definitive Notes:
payments, Talons may be required if, on exchange
into definitive form, more than 27 coupon payments
are still to be made
25.
Whether TEFRA D or TEFRA C rules
TEFRA D
applicable or TEFRA rules not applicable:

3

Signed on behalf of B.A.T. International Finance p.l.c.:

By:
.......................................
Duly authorised

Signed on behalf of British American Tobacco Holdings (The Netherlands) B.V.:

By:
.......................................
By:
.......................................
Duly authorised

Duly authorised

Signed on behalf of B.A.T. Netherlands Finance B.V.:

By:
.......................................
By:
.......................................
Duly authorised

Duly authorised

Signed on behalf of British American Tobacco p.l.c.:

By:
.......................................
Duly authorised

4

PART B - OTHER INFORMATION

1.
LISTING

(i)
Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on the
Regulated Market of the London Stock Exchange plc
with effect from 13 March 2015.
(ii)
Estimate of total expenses related to £3,600
admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:

Fitch: A-

Moody's: A3

Standard & Poor's: A-

3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale" in the Base Prospectus dated 16 May 2014, so far as
the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.
The Managers and their affiliates have engaged, and may in the future engage, in investment banking
and/or commercial banking transactions, and may perform other services for the Issuer and its
affiliates in the ordinary course of business.
4.
YIELD

Indication of yield:
2.099 per cent. per annum
5.
OPERATIONAL INFORMATION

(i)
ISIN:
XS1203860934
(ii)
Common Code:
120386093
(iii)
Any clearing system(s) other than Not Applicable
Euroclear
Bank
SA/NV
and
Clearstream
Banking,
société
anonyme
and
the
relevant
identification number(s):
(iv)
Names and addresses of additional Not Applicable

Paying Agent(s) (if any):

5