Filed Pursuant to Rule 433
Registration No. 333-259121
Final Term Sheet
September 7, 2021
THE HOME DEPOT, INC.
$1,000,000,000 1.500% Notes due September 15, 2028
$1,000,000,000 1.875% Notes due September 15, 2031
$1,000,000,000 2.750% Notes due September 15, 2051
Issuer: | The Home Depot, Inc. | ||||||||||
Expected Ratings (Moody’s/S&P/Fitch)*: | A2/A/A | ||||||||||
Trade Date: | September 7, 2021 | ||||||||||
Settlement Date (T+10): | September 21, 2021. Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the date hereof or the next seven succeeding business days will be required, because the Notes initially will settle in T+10, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. If you wish to trade the Notes on the date hereof or the next seven succeeding business days, you should consult your own advisors. | ||||||||||
Title of Securities: | 1.500% Notes due September 15, 2028 | 1.875% Notes due September 15, 2031 | 2.750% Notes due September 15, 2051 | ||||||||
Principal Amount: | $1,000,000,000 | $1,000,000,000 | $1,000,000,000 | ||||||||
Maturity Date: | September 15, 2028 | September 15, 2031 | September 15, 2051 | ||||||||
Treasury Benchmark: | 1.125% due August 31, 2028 | 1.250% due August 15, 2031 | 2.375% due May 15, 2051 | ||||||||
Benchmark Yield: | 1.141% | 1.375% | 1.983% | ||||||||
Spread to Benchmark: | 42 bps | 57 bps | 82 bps | ||||||||
Reoffer Yield: | 1.561% | 1.945% | 2.803% | ||||||||
Price to Public: | 99.598% | 99.368% | 98.930% | ||||||||
Coupon: | 1.500% per annum | 1.875% per annum | 2.750% per annum | ||||||||
Interest Payment Dates: | Semi-annually on each March 15 and September 15, commencing on March 15, 2022. | Semi-annually on each March 15 and September 15, commencing on March 15, 2022. | Semi-annually on each March 15 and September 15, commencing on March 15, 2022. | ||||||||
Optional Redemption: | Prior to July 15, 2028, make-whole call at T+10 bps; par call on and after July 15, 2028. | Prior to June 15, 2031, make-whole call at T+10 bps; par call on and after June 15, 2031. | Prior to March 15, 2051, make-whole call at T+15 bps; par call on and after March 15, 2051. | ||||||||
Day Count Convention: | 30/360 | 30/360 | 30/360 | ||||||||
CUSIP/ISIN: | 437076 CH3 / US437076CH36 | 437076 CJ9 / US437076CJ91 | 437076 CK6 / US437076CK64 |
Joint Book-Running Managers: | BofA Securities, Inc. Goldman Sachs & Co. LLC J.P. Morgan Securities LLC U.S. Bancorp Investments, Inc. | ||||||||||
Co-Managers: | Barclays Capital Inc. BNY Mellon Capital Markets, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. Fifth Third Securities, Inc. Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC Siebert Williams Shank & Co., LLC TD Securities (USA) LLC Truist Securities, Inc. Wells Fargo Securities, LLC Samuel A. Ramirez & Company, Inc. |
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 contacting (i) BofA Securities, Inc. toll-free at 1-800-294-1322, (ii) Goldman Sachs & Co. LLC toll-free at 1-866-471-2526, (iii) J.P. Morgan Securities LLC collect at 1-212-834-4533 or (iv) U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.