Filed Pursuant to Rule 433
Registration Statement No. 333-249084
 
Best Buy Co., Inc.
Pricing Term Sheet
 
Priced on September 29, 2020
 
1.950% Notes due 2030

Issuer:	 	Best Buy Co., Inc.	
 	 	 	
Title of Securities:	 	1.950% Notes due 2030	
 	 	 	
Trade Date:	 	September 29, 2020	
 	 	 	
Settlement Date:	 	T + 2: October 1, 2020	
 	 	 	
Principal Amount:	 	$650,000,000	
 	 	 	
Coupon (Interest Rate):	 	1.950% per annum	
 	 	 	
Maturity Date:	 	October 1, 2030	
 	 	 	
Price to Public (Issue Price):	 	99.612% of principal amount	
 	 	 	
Yield to Maturity:	 	1.993%	
 	 	 	
Benchmark Treasury:	 	UST 0.625% due August 15, 2030	
 	 	 	
Benchmark Treasury Price and Yield:	 	99-26+ / 0.643%	
 	 	 	
Spread to Benchmark Treasury:	 	T + 135 basis points	
 	 	 	
Interest Payment Dates:	 	Semi-annually on April 1 and October 1 of each year, beginning on April 1, 2021	
 	 	 	
Optional Redemption:	 	Prior to July 1, 2030, T + 25 basis points	
 	 	 	
Par Call:	 	On or after July 1, 2030	
 	 	 	
CUSIP / ISIN:	 	08652B AB5 / US08652BAB53	
 	 	 	
Expected Issuer Ratings*:	 	Baa1 (Stable) (Moody’s)
BBB (Stable) (S&P)	
 	 	 	
Joint Bookrunners:	 	Citigroup Global Markets Inc.	
 	 	Goldman Sachs & Co. LLC	
 	 	J.P. Morgan Securities LLC
BofA Securities, Inc.
U.S. Bancorp Investments, Inc.	
 	 	 	
Senior Co-Managers:	 	BBVA Securities Inc.
ICBC Standard Bank Plc
MUFG Securities Americas Inc.
RBC Capital Markets, LLC	
 	 	 	
Co-Managers:	 	BNP Paribas Securities Corp.
Loop Capital Markets LLC
Standard Chartered Bank
Wells Fargo Securities, LLC	

*Note: A credit rating of a security is not a recommendation to buy, sell or hold such security and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency. Each of the ratings included herein should be evaluated independently of any other rating.
 
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 calling Citigroup Global Markets Inc. at 1-800-831-9146, Goldman Sachs & Co. LLC at 1-212-902-1171 or J.P. Morgan Securities LLC at 1-212-834-4533.
 
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