# EDGAR Filing Document

**Accession Number:** 0000354950
**File Stem:** 0001104659-25-088305
**Filing Date:** 2025-9
**Character Count:** 8748
**Document Hash:** 45d5fb4ba58de0ddc040ac3d8898e22c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-088305.hdr.sgml**: 20250908

**ACCESSION NUMBER**: 0001104659-25-088305

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250908

**DATE AS OF CHANGE**: 20250908

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOME DEPOT, INC.
- **CENTRAL INDEX KEY:** 0000354950
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 953261426
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0201

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-281802
- **FILM NUMBER:** 251300623

**BUSINESS ADDRESS:**
- **STREET 1:** 2455 PACES FERRY ROAD
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30339-4024
- **BUSINESS PHONE:** 770-433-8211

**MAIL ADDRESS:**
- **STREET 1:** 2455 PACES FERRY ROAD
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30339-4024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOME DEPOT INC
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOME DEPOT, INC.
- **CENTRAL INDEX KEY:** 0000354950
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 953261426
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0201

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 2455 PACES FERRY ROAD
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30339-4024
- **BUSINESS PHONE:** 770-433-8211

**MAIL ADDRESS:**
- **STREET 1:** 2455 PACES FERRY ROAD
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30339-4024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOME DEPOT INC
- **DATE OF NAME CHANGE:** 19920703

Filed Pursuant to Rule 433

Registration No. 333-281802

Final Term Sheet

September 8, 2025

 

**Pricing Term Sheet**

**THE HOME DEPOT, INC.**

**$500,000,000 3.750% Notes due 2028 (the "2028 Notes")<br> $500,000,000 3.950% Notes due 2030 (the "2030 Notes")<br> $1,000,000,000 4.650% Notes due 2035 (the "2035 Notes")<br> (collectively, the "Notes")**

**** 

<br> ---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Issuer:** | The Home Depot, Inc. | The Home Depot, Inc. | The Home Depot, Inc. | The Home Depot, Inc. |
| &nbsp;&nbsp;**Expected Ratings (Moody's / S&P / Fitch)\*:** | A2 / A / A (Stable outlook for all) | A2 / A / A (Stable outlook for all) | A2 / A / A (Stable outlook for all) | A2 / A / A (Stable outlook for all) |
| &nbsp;&nbsp;**Trade Date:** | September 8, 2025 | September 8, 2025 | September 8, 2025 | September 8, 2025 |
| &nbsp;&nbsp;**Settlement Date\*\*:** | September 15, 2025; T+5 | September 15, 2025; T+5 | September 15, 2025; T+5 | September 15, 2025; T+5 |
| &nbsp;&nbsp;**Joint Book-Running Managers:** | J.P. Morgan Securities LLC<br> BofA Securities, Inc.<br> Barclays Capital Inc.<br> Deutsche Bank Securities Inc.<br> Wells Fargo Securities, LLC | J.P. Morgan Securities LLC<br> BofA Securities, Inc.<br> Barclays Capital Inc.<br> Deutsche Bank Securities Inc.<br> Wells Fargo Securities, LLC | J.P. Morgan Securities LLC<br> BofA Securities, Inc.<br> Barclays Capital Inc.<br> Deutsche Bank Securities Inc.<br> Wells Fargo Securities, LLC | J.P. Morgan Securities LLC<br> BofA Securities, Inc.<br> Barclays Capital Inc.<br> Deutsche Bank Securities Inc.<br> Wells Fargo Securities, LLC |
| &nbsp;&nbsp;**Co-Managers:** | BNY Mellon Capital Markets, LLC<br> Citigroup Global Markets Inc.<br> Fifth Third Securities, Inc.<br> Goldman Sachs & Co. LLC<br> HSBC Securities (USA) Inc.<br> Mizuho Securities USA LLC<br> Morgan Stanley & Co. LLC<br> RBC Capital Markets, LLC<br> Siebert Williams Shank & Co. LLC<br> TD Securities (USA) LLC<br> Truist Securities, Inc.<br> U.S. Bancorp Investments, Inc. | BNY Mellon Capital Markets, LLC<br> Citigroup Global Markets Inc.<br> Fifth Third Securities, Inc.<br> Goldman Sachs & Co. LLC<br> HSBC Securities (USA) Inc.<br> Mizuho Securities USA LLC<br> Morgan Stanley & Co. LLC<br> RBC Capital Markets, LLC<br> Siebert Williams Shank & Co. LLC<br> TD Securities (USA) LLC<br> Truist Securities, Inc.<br> U.S. Bancorp Investments, Inc. | BNY Mellon Capital Markets, LLC<br> Citigroup Global Markets Inc.<br> Fifth Third Securities, Inc.<br> Goldman Sachs & Co. LLC<br> HSBC Securities (USA) Inc.<br> Mizuho Securities USA LLC<br> Morgan Stanley & Co. LLC<br> RBC Capital Markets, LLC<br> Siebert Williams Shank & Co. LLC<br> TD Securities (USA) LLC<br> Truist Securities, Inc.<br> U.S. Bancorp Investments, Inc. | BNY Mellon Capital Markets, LLC<br> Citigroup Global Markets Inc.<br> Fifth Third Securities, Inc.<br> Goldman Sachs & Co. LLC<br> HSBC Securities (USA) Inc.<br> Mizuho Securities USA LLC<br> Morgan Stanley & Co. LLC<br> RBC Capital Markets, LLC<br> Siebert Williams Shank & Co. LLC<br> TD Securities (USA) LLC<br> Truist Securities, Inc.<br> U.S. Bancorp Investments, Inc. |
| &nbsp;&nbsp;**Title of Securities:** | &nbsp;&nbsp;**Title of Securities:** | 3.750% Notes due 2028 | 3.950% Notes due 2030 | 4.650% Notes due 2035 |
| &nbsp;&nbsp;**Principal Amount:** | &nbsp;&nbsp;**Principal Amount:** | $500000000 | $500000000 | $1000000000 |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;**Maturity Date:** | September 15, 2028 | September 15, 2030 | September 15, 2035 |
| &nbsp;&nbsp;**Treasury Benchmark:** | &nbsp;&nbsp;**Treasury Benchmark:** | 3.625% due August 15, 2028 | 3.625% due August 31, 2030 | 4.250% due August 15, 2035 |
| &nbsp;&nbsp;**Benchmark Yield:** | &nbsp;&nbsp;**Benchmark Yield:** | 3.473% | 3.580% | 4.059% |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Spread to Benchmark:** | 30 bps | 45 bps | 63 bps |
| &nbsp;&nbsp;**Reoffer Yield:** | 3.773% | 4.030% | 4.689% |
| &nbsp;&nbsp;**Price to Public:** | 99.935% | 99.641% | 99.691% |
| &nbsp;&nbsp;**Coupon:** | 3.750% per annum | 3.950% per annum | 4.650% per annum |
| &nbsp;&nbsp;**Interest Payment Dates:** | Semi-annually on each March 15 and September 15, commencing on March 15, 2026. | Semi-annually on each March 15 and September 15, commencing on March 15, 2026. | Semi-annually on each March 15 and September 15, commencing on March 15, 2026. |
| &nbsp;&nbsp;**Optional Redemption:** | Prior to August 15, 2028, make-whole call at T+5 bps.<br>Par call on and after August 15, 2028<br>| Prior to August 15, 2030, make-whole call at T+10 bps.<br>Par call on and after August 15, 2030<br>| Prior to June 15, 2035, make-whole call at T+10 bps.<br>Par call on and after June 15, 2035<br>|
| &nbsp;&nbsp;**Day Count Convention:** | 30/360 | 30/360 | 30/360 |
| &nbsp;&nbsp;**CUSIP / ISIN:** | 437076 DH2 / US437076DH27 | 437076 DJ8 / US437076DJ82 | 437076 DK5 / US437076DK55 |

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**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 website 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) J.P. Morgan Securities LLC collect at 1-212-834-4533, (ii) BofA Securities, Inc. toll-free at 1-800-294-1322, (iii) Barclays Capital Inc. toll-free at 1-888-603-5847, (iv) Deutsche Bank Securities Inc. at 1-800-503-4611 or (v) Wells Fargo Securities, LLC toll-free at 1-800-645-3751.**

**\*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.**

**\*\*Note: The Issuer expects to deliver the Notes against payment for the Notes on the fifth business day following the date of the pricing of the Notes ("T+5"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in one business day, unless the parties to a trade expressly agree otherwise. Accordingly, investors who wish to trade Notes prior to one business day before delivery of the Notes will be required, by virtue of the fact that the Notes initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement.**

***ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.***