Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
May 24 2017 - 3:19PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-206550
Final Term Sheet
May 24, 2017
THE HOME DEPOT, INC.
$500,000,000 Floating Rate Notes Due June 5, 2020
|
|
|
Issuer:
|
|
The Home Depot, Inc.
|
|
|
Title of Securities:
|
|
$500,000,000 Floating Rate Notes due June 5, 2020 (the Floating Rate Notes)
|
|
|
Principal Amount:
|
|
$500,000,000
|
|
|
Expected Ratings (Moodys/S&P)*:
|
|
A2/A
|
|
|
Trade Date:
|
|
May 24, 2017
|
|
|
Settlement Date (T+7):
|
|
June 5, 2017. Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in three business days, unless
the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Floating Rate Notes on the date hereof or the next three business days will be required, because the Floating Rate Notes initially will settle in
T+7, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. If you wish to trade the Floating Rate Notes on the date hereof or the next three business days, you should consult your own
advisors.
|
|
|
Maturity Date:
|
|
June 5, 2020
|
|
|
Interest Rate Basis:
|
|
LIBOR
|
|
|
Spread:
|
|
+15 basis points
|
|
|
Interest Payment Dates:
|
|
Quarterly on March 5, June 5, September 5 and December 5, commencing September 5, 2017
|
|
|
Interest Reset Dates:
|
|
March 5, June 5, September 5 and December 5, commencing September 5, 2017
|
|
|
Initial Interest Determination Date:
|
|
June 1, 2017
|
|
|
Interest Determination Date:
|
|
Second London business day prior to each Interest Reset Date
|
|
|
London Business Day:
|
|
A London business day is any day on which dealings in United States dollars are transacted in the London interbank market
|
|
|
Initial Rate Determination:
|
|
Three-month LIBOR plus 15 bps, determined as of the applicable Interest Determination Date
|
|
|
Day Count Convention:
|
|
Actual/360
|
|
|
Redemption:
|
|
The Floating Rate Notes shall not be redeemable prior to their maturity.
|
|
|
Price to Public:
|
|
100.00%
|
|
|
|
|
|
CUSIP/ISIN:
|
|
437076BR2 / US437076BR27
|
|
|
Joint Book-Running Managers:
|
|
Deutsche Bank Securities Inc.
Goldman Sachs & Co. LLC
J.P. Morgan
Securities LLC
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
|
|
|
Co-Managers:
|
|
Barclays Capital Inc.
BNY
Mellon Capital Markets, LLC
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Fifth Third Securities, Inc.
Mizuho Securities USA LLC
Morgan Stanley &
Co. LLC
RBC Capital Markets, LLC
SunTrust Robinson Humphrey, Inc.
TD Securities
(USA) LLC
The Williams Capital Group, L.P.
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC
Lebenthal & Co., LLC
|
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) Deutsche
Bank Securities Inc. toll-free at 1-800-503-4611, (ii) Goldman Sachs & Co. LLC, Prospectus Department, toll-free at 1-866-471-2526, (iii) J.P. Morgan Securities LLC collect at 1-212-834-4533 or (iv) Merrill Lynch, Pierce,
Fenner & Smith Incorporated toll-free at 1-800-294-1322.
*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.
Filed Pursuant to Rule 433
Registration No. 333-206550
Final Term Sheet
May 24, 2017
THE HOME DEPOT, INC.
$750,000,000 1.800% Senior Notes due June 5, 2020
$750,000,000
3.900% Senior Notes due June 15, 2047
|
|
|
Issuer:
|
|
The Home Depot, Inc.
|
|
|
Title of Securities:
|
|
$750,000,000 1.800% Senior Notes due June 5, 2020 (the Notes due 2020)
$750,000,000 3.900% Senior Notes due June 15, 2047 (the Notes due 2047
and, together with the Notes due 2020, the Notes)
|
|
|
Principal Amount:
|
|
Notes due 2020: $750,000,000
Notes due 2047: $750,000,000
|
|
|
Expected Ratings (Moodys/S&P)*:
|
|
A2/A
|
|
|
Trade Date:
|
|
May 24, 2017
|
|
|
Settlement Date (T+7):
|
|
June 5, 2017. Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in three 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 three business days will be required, because the Notes initially will settle in T+7, 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 the date hereof or the next three business days, you should consult your own advisors.
|
|
|
Maturity Date:
|
|
Notes due 2020: June 5, 2020
Notes due 2047: June 15, 2047
|
|
|
Interest Payment Dates:
|
|
Notes due 2020: Semi-annually on each June 5 and December 5, commencing December 5, 2017
Notes due 2047: Semi-annually on each June 15 and December 15, commencing December
15, 2017
|
|
|
Optional Redemption:
|
|
Notes due 2020: Make-whole call at T+7 bps
Notes due 2047: Prior to December 15, 2046, make-whole call at T+15 bps; par call on and after December 15, 2046
|
|
|
Treasury Benchmark:
|
|
Notes due 2020: 1.500% due May 15, 2020
Notes due 2047: 3.000% due February 15, 2047
|
|
|
Benchmark Yield:
|
|
Notes due 2020: 1.470%
Notes due 2047: 2.939%
|
|
|
|
|
|
Spread to Benchmark:
|
|
Notes due 2020: 35 bps
Notes due 2047: 100 bps
|
|
|
Reoffer Yield:
|
|
Notes due 2020: 1.820%
Notes due 2047: 3.939%
|
|
|
Coupon:
|
|
Notes due 2020: 1.800% per annum
Notes due 2047: 3.900% per annum
|
|
|
Price to Public:
|
|
Notes due 2020: 99.942%
Notes due 2047: 99.316%
|
|
|
Day Count Convention:
|
|
30/360
|
|
|
CUSIP/ISIN:
|
|
Notes due 2020: 437076BQ4 / US437076BQ44
Notes due 2047: 437076BS0 / US437076BS00
|
|
|
Joint Book-Running Managers:
|
|
Deutsche Bank Securities Inc.
Goldman Sachs & Co. LLC
J.P. Morgan
Securities LLC
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
|
|
|
Co-Managers:
|
|
Barclays Capital Inc.
BNY
Mellon Capital Markets, LLC
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Fifth Third Securities, Inc.
Mizuho Securities USA LLC
Morgan Stanley &
Co. LLC
RBC Capital Markets, LLC
SunTrust Robinson Humphrey, Inc.
TD Securities
(USA) LLC
The Williams Capital Group, L.P.
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC
Lebenthal & Co., LLC
|
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) Deutsche
Bank Securities Inc. toll-free at 1-800-503-4611, (ii) Goldman Sachs & Co. LLC, Prospectus Department, toll-free at 1-866-471-2526, (iii) J.P. Morgan Securities LLC collect at 1-212-834-4533 or (iv) Merrill Lynch, Pierce,
Fenner & Smith Incorporated toll-free at 1-800-294-1322.
*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.
Home Depot (NYSE:HD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Home Depot (NYSE:HD)
Historical Stock Chart
From Apr 2023 to Apr 2024