Filed pursuant to Rule 433
Registration Statement No. 333-168347

 

February 11, 2013

 

Final Term Sheet

 

$6,000,000,000

 

GRAPHIC

 

Vodafone Group Public Limited Company

 

$900,000,000 0.900% Notes due February 2016
$1,400,000,000 1.500% Notes due February 2018
$1,600,000,000 2.950% Notes due February 2023
$1,400,000,000 4.375% Notes due February 2043
$700,000,000 Floating Rate Notes due February 2016

 

 

The issuer 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 the issuer has filed with the SEC 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. at 1-888-603-5847, HSBC Securities (USA) Inc. at 1-866-811-8049, J.P. Morgan Securities LLC at 1-212-834-4533, Mitsubishi UFJ Securities (USA), Inc. at 1-877-649-6848 and Morgan Stanley & Co. LLC at 1-866-718-1649.

 

0.900% Notes due February 2016 (the “Tranche 1 Notes”)

 

Maturity Date

 

We will repay the Tranche 1 Notes on February 19, 2016 at 100% of their principal amount plus accrued and unpaid interest.

 

 

 

Issue Date

 

February 19, 2013.

 

 

 

Issue Price

 

99.888% of the principal amount, plus accrued interest, if any, from and including February 19, 2013 to the date the Tranche 1 Notes are delivered to investors.

 

 

 

Interest Rate

 

0.900% per annum.

 

 

 

Interest Payment Dates

 

Semi-annually on February 19 and August 19 of each year, commencing August 19, 2013 up to and including the maturity date for the Tranche 1 Notes, subject to the applicable business day convention.

 



 

Business Day Convention

 

Following, Unadjusted.

 

 

 

Day Count Fraction

 

30/360.

 

 

 

Optional Make-Whole Redemption

 

We have the right to redeem the Tranche 1 Notes, in whole or in part, at any time and from time to time at a redemption price equal to the greater of (1) 100% of the principal amount of such Notes plus accrued interest to the date of redemption and (2) as determined by the quotation agent, the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (excluding any portion of such payments of interest accrued as of 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 adjusted treasury rate, plus 10 basis points.

 

 

 

CUSIP Number

 

92857W BA7

 

 

 

ISIN Number

 

US92857WBA71

 

1.500% Notes due February 2018 (the “Tranche 2 Notes”)

 

Maturity Date

 

We will repay the Tranche 2 Notes on February 19, 2018 at 100% of their principal amount plus accrued and unpaid interest.

 

 

 

Issue Date

 

February 19, 2013.

 

 

 

Issue Price

 

99.540% of the principal amount, plus accrued interest, if any, from and including February 19, 2013 to the date the Tranche 2 Notes are delivered to investors.

 

 

 

Interest Rate

 

1.500% per annum.

 

 

 

Interest Payment Dates

 

Semi-annually on February 19 and August 19 of each year, commencing August 19, 2013 up to and including the maturity date for the Tranche 2 Notes, subject to the applicable business day convention.

 

 

 

Business Day Convention

 

Following, Unadjusted.

 

 

 

Day Count Fraction

 

30/360.

 

 

 

Optional Make-Whole Redemption

 

We have the right to redeem the Tranche 2 Notes, in whole or in part, at any time and from time to time at a redemption price equal to the greater of (1) 100% of the principal amount of such Notes plus accrued interest to the date of redemption and (2) as determined by the quotation agent, the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (excluding any portion of such payments of interest accrued as of 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 adjusted treasury rate, plus 12.5 basis points.

 

 

 

CUSIP Number

 

92857W BE9

 

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ISIN Number

 

US92857WBE93

 

2.950% Notes due February 2023 (the “Tranche 3 Notes”)

 

Maturity Date

 

We will repay the Tranche 3 Notes on February 19, 2023 at 100% of their principal amount plus accrued and unpaid interest.

 

 

 

Issue Date

 

February 19, 2013.

 

 

 

Issue Price

 

99.537% of the principal amount, plus accrued interest, if any, from and including February 19, 2013 to the date the Tranche 3 Notes are delivered to investors.

 

 

 

Interest Rate

 

2.950% per annum.

 

 

 

Interest Payment Dates

 

Semi-annually on February 19 and August 19 of each year, commencing August 19, 2013 up to and including the maturity date for the Tranche 3 Notes, subject to the applicable business day convention.

 

 

 

Business Day Convention

 

Following, Unadjusted.

 

 

 

Day Count Fraction

 

30/360.

 

 

 

Optional Make-Whole Redemption

 

We have the right to redeem the Tranche 3 Notes, in whole or in part, at any time and from time to time at a redemption price equal to the greater of (1) 100% of the principal amount of such Notes plus accrued interest to the date of redemption and (2) as determined by the quotation agent, the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (excluding any portion of such payments of interest accrued as of 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 adjusted treasury rate, plus 15 basis points.

 

 

 

CUSIP Number

 

92857W BC3

 

 

 

ISIN Number

 

US92857WBC38

 

4.375% Notes due February 2043 (the “Tranche 4 Notes” and, together with the Tranche 1 Notes, the Tranche 2 Notes and the Tranche 3 Notes, the “Fixed Rate Notes”)

 

Maturity Date

 

We will repay the Tranche 4 Notes on February 19, 2043 at 100% of their principal amount plus accrued and unpaid interest.

 

 

 

Issue Date

 

February 19, 2013.

 

 

 

Issue Price

 

98.716% of the principal amount, plus accrued interest, if any, from and including February 19, 2013 to the date the Tranche 4 Notes are delivered to investors.

 

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Interest Rate

 

4.375% per annum.

 

 

 

Interest Payment Dates

 

Semi-annually on February 19 and August 19 of each year, commencing August 19, 2013 up to and including the maturity date for the Tranche 4 Notes, subject to the applicable business day convention.

 

 

 

Business Day Convention

 

Following, Unadjusted.

 

 

 

Day Count Fraction

 

30/360.

 

 

 

Optional Make-Whole Redemption

 

We have the right to redeem the Tranche 4 Notes, in whole or in part, at any time and from time to time at a redemption price equal to the greater of (1) 100% of the principal amount of such Notes plus accrued interest to the date of redemption and (2) as determined by the quotation agent, the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (excluding any portion of such payments of interest accrued as of 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 adjusted treasury rate, plus 20 basis points.

 

 

 

CUSIP Number

 

92857W BD1

 

 

 

ISIN Number

 

US92857WBD11

 

Floating Rate Notes due February 2016 (the “Tranche 5 Notes” or the “Floating Rate Notes” and, together with the Fixed Rate Notes, the “Notes”)

 

Maturity date

 

We will repay the Tranche 5 Notes on February 19, 2016 at 100% of their principal amount plus accrued and unpaid interest.

 

 

 

Issue date

 

February 19, 2013.

 

 

 

Issue price

 

100% of the principal amount, plus accrued interest, if any, from February 19, 2013.

 

 

 

Interest rate

 

The interest rate for the period from February 19, 2013 to, but excluding, the first interest reset date will be the initial base rate, as adjusted by adding the spread. Thereafter, the interest rate will be the base rate, as adjusted by adding the spread. The interest rate will be reset quarterly on each interest reset date.

 

 

 

Initial base rate

 

Three-month U.S. dollar LIBOR, as determined on February 19, 2013.

 

 

 

Base rate

 

Three-month U.S. dollar LIBOR

 

 

 

Spread

 

Plus 0.385%.

 

 

 

Interest payment dates

 

Quarterly on February 19, May 19, August 19 and November 19 of each year, commencing May 19, 2013, up to and including the maturity date for the Tranche 5 Notes, subject to the applicable business day convention.

 

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Interest reset dates

 

Starting with the interest period scheduled to commence on May 19, 2013, the interest reset date for each interest period will be the first day of such interest period, subject to the applicable business day convention.

 

 

 

Interest determination date

 

The interest determination date relating to a particular interest reset date will be the second London business day preceding such interest reset date.

 

 

 

Business day convention

 

Modified following.

 

 

 

Day count fraction

 

Actual/360 (ISDA).

 

 

 

Calculation agent

 

The Bank of New York Mellon, acting through its London branch, or its successor appointed by the Issuer.

 

 

 

CUSIP Number

 

92857W BB5

 

 

 

ISIN Number

 

US92857WBB54

 

The following terms apply to each tranche of the Notes:

 

Business Days

 

For the Fixed Rate Notes, New York; for the Floating Rate Notes, London and New York.

 

 

 

Ranking

 

The Notes will rank equally with all present and future unsecured and unsubordinated indebtedness of Vodafone. Because we are a holding company, the Notes will effectively rank junior to any indebtedness or other liabilities of our subsidiaries.

 

 

 

Regular Record Dates for Interest

 

With respect to each interest payment date, the regular record date for interest on global securities in registered form will be the close of business on the Clearing System Business Day prior to the date for payment, where “Clearing System Business Day” means Monday to Friday, inclusive, except December 25 and January 1. The regular record date for interest on debt securities that are represented by physical certificates will be the date that is 15 calendar days prior to such date, whether or not such date is a business day.

 

 

 

Payment of Additional Amounts

 

We intend to make all payments on the Notes without deducting United Kingdom (U.K.) withholding taxes. If any deduction is required on payments to non-U.K. investors, we will pay additional amounts on those payments to the extent described under “Description of Debt Securities We May Offer—Payment of Additional Amounts” in the prospectus.

 

 

 

Optional Tax Redemption

 

We may redeem the Notes before they mature if we are obligated to pay additional amounts due to changes on or after the date of this final term sheet in U.K. withholding tax requirements, a merger or consolidation with another entity or a sale or lease of substantially all our assets and other limited circumstances described under “Description of Debt Securities We May Offer—Payment of Additional Amounts” in the

 

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prospectus. In that event, we may redeem the Notes in whole but not in part on any interest payment date, at a price equal to 100% of their principal amount plus accrued interest to the date fixed for redemption.

 

 

 

Adjusted Treasury Rate

 

“Adjusted treasury rate” means, with respect to any redemption date, the rate per year equal to the semi-annual equivalent yield to maturity of the comparable treasury issue, assuming a price for the comparable treasury issue (expressed as a percentage of its principal amount) equal to the comparable treasury price for such redemption date.

 

 

 

Comparable Treasury Issue

 

“Comparable treasury issue” means the U.S. Treasury security selected by the quotation agent as having a maturity comparable to the remaining term of such notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining terms of such notes.

 

 

 

Comparable Treasury Price

 

“Comparable treasury price” means, with respect to any redemption date, the average of the reference treasury dealer quotations for such redemption date.

 

 

 

Quotation Agent

 

“Quotation agent” means the reference treasury dealer appointed by the Issuer. “Reference treasury dealer” means any primary U.S. government securities dealer in New York City selected by the Issuer.

 

 

 

Reference Treasury Dealer Quotations

 

“Reference treasury dealer quotations” means with respect to each reference treasury dealer and any redemption date, the average, as determined by the trustee, of the bid and asked prices for the comparable treasury issue (expressed as a percentage of its principal amount) quoted in writing to the trustee by such reference treasury dealer at 5:00 p.m. Eastern Standard Time on the third business day preceding such redemption date.

 

 

 

Listing

 

We will file an application to list the Notes on the New York Stock Exchange. We expect that the Notes will be eligible for trading on the New York Stock Exchange within 30 days after delivery of the Notes.

 

 

 

Use of Proceeds

 

We intend to use the net proceeds from the sale of the Notes for general corporate purposes.

 

 

 

Risk Factors

 

You should carefully consider all of the information in this final term sheet, the prospectus supplement and the prospectus, which includes information incorporated by reference. In particular, you should evaluate the specific factors under “Risk Factors” beginning on page 5 of the prospectus and “Principal risk factors and uncertainties” beginning on page 51 of our Annual Report on Form 20-F for the fiscal year ended March 

 

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31, 2012 for risks involved with an investment in the Notes.

 

 

 

Trustee and Principal Paying Agent

 

The Bank of New York Mellon.

 

 

 

Timing and Delivery

 

We currently expect delivery of the Notes to occur on or about February 19,2013.

 

 

 

Underwriters

 

Barclays Capital Inc.
HSBC Securities (USA) Inc.
J.P. Morgan Securities LLC
Mitsubishi UFJ Securities (USA), Inc.

Morgan Stanley & Co. LLC

 

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