| Issuer: | The Home Depot, Inc. | ||||||||||
| Expected Ratings (Moody’s/S&P/Fitch)*: | A2/A/A | ||||||||||
| Trade Date: | November 27, 2023 | ||||||||||
| Settlement Date (T+5): | December 4, 2023. 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 two succeeding business days will be required, because the Notes initially will settle in T+5, 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 two succeeding business days, you should consult your own advisors. | ||||||||||
| Title of Securities: | 5.125% Notes due April 30, 2025 | 4.950% Notes due September 30, 2026 | 4.900% Notes due April 15, 2029 | ||||||||
| Principal Amount: | $500,000,000 | $750,000,000 | $750,000,000 | ||||||||
| Maturity Date: | April 30, 2025 | September 30, 2026 | April 15, 2029 | ||||||||
| Treasury Benchmark: | 5.000% due October 31, 2025 | 4.625% due November 15, 2026 | 4.875% due October 31, 2028 | ||||||||
| Benchmark Yield: | 4.897% | 4.607% | 4.418% | ||||||||
| Spread to Benchmark: | 28 bps | 43 bps | 58 bps | ||||||||
| Reoffer Yield: | 5.177% | 5.037% | 4.998% | ||||||||
| Price to Public: | 99.935% | 99.781% | 99.550% | ||||||||
| Coupon: | 5.125% per annum | 4.950% per annum | 4.900% per annum | ||||||||
| Interest Payment Dates: | Semi-annually on each April 30 and October 30, commencing on April 30, 2024. | Semi-annually on each March 30 and September 30, commencing on March 30, 2024. | Semi-annually on each April 15 and October 15, commencing on April 15, 2024. | ||||||||
| Optional Redemption: | Make-whole call at T+5 bps. | Prior to August 30, 2026, make-whole call at T+10 bps; par call on and after August 30, 2026. | Prior to March 15, 2029, make-whole call at T+10 bps; par call on and after March 15, 2029. | ||||||||
| Day Count Convention: | 30/360 | 30/360 | 30/360 | ||||||||
| CUSIP/ISIN: | 437076 CU4 / US437076CU47 | 437076 CV2 / US437076CV20 | 437076 CW0 / US437076CW03 | ||||||||
| Joint Book-Running Managers: | BofA Securities, Inc. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC Barclays Capital Inc. U.S. Bancorp Investments, Inc. | ||||||||||
| Co-Managers: | BNY Mellon Capital Markets, LLC Citigroup Global Markets Inc. Deutsche Bank Securities Inc. Fifth Third Securities, Inc. Goldman Sachs & Co. LLC HSBC Securities (USA) Inc. Mizuho Securities USA 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. | ||||||||||
