Issuer: | The Home Depot, Inc. | |||
Expected Ratings (Moody’s/S&P)*: | A2/A | |||
Trade Date: | March 26, 2020 | |||
Settlement Date (T+2): | March 30, 2020 | |||
Title of Securities: | 2.500% Notes due April 15, 2027 | 2.700% Notes due April 15, 2030 | 3.300% Notes due April 15, 2040 | 3.350% Notes due April 15, 2050 |
Principal Amount: | $750,000,000 | $1,500,000,000 | $1,250,000,000 | $1,500,000,000 |
Maturity Date: | April 15, 2027 | April 15, 2030 | April 15, 2040 | April 15, 2050 |
Treasury Benchmark: | 1.125% due February 28, 2027 | 1.500% due February 15, 2030 | 2.375% due November 15, 2049 | 2.375% due November 15, 2049 |
Benchmark Yield: | 0.676% | 0.814% | 1.411% | 1.411% |
Spread to Benchmark: | 190 bps | 195 bps | 195 bps | 200 bps |
Reoffer Yield: | 2.576% | 2.764% | 3.361% | 3.411% |
Price to Public: | 99.513% | 99.441% | 99.114% | 98.858% |
Coupon: | 2.500% per annum | 2.700% per annum | 3.300% per annum | 3.350% per annum |
Interest Payment Dates: | Semi-annually on each April 15 and October 15, commencing on October 15, 2020. | Semi-annually on each April 15 and October 15, commencing on October 15, 2020. | Semi-annually on each April 15 and October 15, commencing on October 15, 2020. | Semi-annually on each April 15 and October 15, commencing on October 15, 2020. |
Optional Redemption: | Prior to February 15, 2027, make-whole call at T+30 bps; par call on and after February 15, 2027. | Prior to January 15, 2030, make-whole call at T+30 bps; par call on and after January 15, 2030. | Prior to October 15, 2039, make-whole call at T+30 bps; par call on and after October 15, 2039. | Prior to October 15, 2049, make-whole call at T+30 bps; par call on and after October 15, 2049. |
Day Count Convention: | 30/360 | 30/360 | 30/360 | 30/360 |
CUSIP/ISIN: | 437076 CA8 / US437076CA82 | 437076 CB6 / US437076CB65 | 437076 CC4 / US437076CC49 | 437076 CD2 / US437076CD22 |
Joint Book-Running Managers: | BofA Securities, Inc. J.P. Morgan Securities LLC Deutsche Bank Securities Inc. Morgan Stanley & Co. LLC U.S. Bancorp Investments, Inc. Goldman Sachs & Co. LLC |
Co-Managers: | BNY Mellon Capital Markets, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC Fifth Third Securities, Inc. Mizuho Securities USA LLC RBC Capital Markets, LLC Siebert Williams Shank & Co., LLC SunTrust Robinson Humphrey, Inc. TD Securities (USA) LLC Wells Fargo Securities, LLC Barclays Capital Inc. Samuel A. Ramirez & Company, Inc. |