Filed Pursuant to Rule 433
Registration Statement No. 333-227404
 
Best Buy Co., Inc.
Pricing Term Sheet
 
Priced on September 25, 2018
 
4.450% Notes due 2028

Issuer:	 	Best Buy Co., Inc.	
 	 	 	
Title of Securities:	 	4.450% Notes due 2028	
 	 	 	
Trade Date:	 	September 25, 2018	
 	 	 	
Settlement Date:	 	T + 2: September 27, 2018	
 	 	 	
Principal Amount:	 	$500,000,000	
 	 	 	
Coupon (Interest Rate):	 	4.450% per annum	
 	 	 	
Maturity Date:	 	October 1, 2028	
 	 	 	
Price to Public (Issue Price):	 	99.608% of principal amount	
 	 	 	
Yield to Maturity:	 	4.499%	
 	 	 	
Benchmark Treasury:	 	UST 2.875% due August 15, 2028	
 	 	 	
Benchmark Treasury Price and Yield:	 	98-03 1/4 / 3.099%	
 	 	 	
Spread to Benchmark Treasury:	 	T + 140 basis points	
 	 	 	
Interest Payment Dates:	 	Semi-annually on April 1 and October 1 of each year, beginning on April 1, 2019	
 	 	 	
Optional Redemption:	 	Prior to July 1, 2028, T + 25 basis points	
 	 	 	
Par Call:	 	On or after July 1, 2028	
 	 	 	
CUSIP / ISIN:	 	08652BAA7 / US08652BAA70	

 

Expected Ratings:	 	Baa1 (Positive) (Moody’s) / BBB (Stable) (S&P) / BBB (Stable) (Fitch)*	
 	 	 	
Joint Bookrunners:	 	Merrill Lynch, Pierce, Fenner & Smith
                      Incorporated	
 	 	Credit Suisse Securities (USA) LLC.	
 	 	U.S. Bancorp Investments, Inc.	
 	 	BBVA Securities Inc.	
 	 	 	
Senior Co-Managers:	 	Citigroup Global Markets Inc.	
 	 	J.P. Morgan Securities LLC	
 	 	 	
Co-Managers:	 	Academy Securities, Inc.	
 	 	BNP Paribas Securities Corp.	
 	 	Goldman Sachs & Co. LLC	
 	 	ICBC Standard Bank plc	
 	 	Loop Capital Markets LLC	
 	 	MUFG Securities Americas Inc.	
 	 	RBC 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 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 calling Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322; Credit Suisse Securities (USA) LLC by calling toll-free 1-800-221-1037; or U.S. Bancorp Investments, Inc. by phone at 1-877-558-2607.
 
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers were automatically generated as a result of this communication being sent via Bloomberg or another email system.
 
2