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




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:






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:






Benchmark Treasury:


UST 2.875% due August 15, 2028




Benchmark Treasury Price and Yield:


98-031/4 / 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






08652BAA7 / US08652BAA70



Expected Ratings:


Baa1 (Positive) (Moody’s) / BBB (Stable) (S&P) / BBB (Stable) (Fitch)*




Joint Bookrunners:


Merrill Lynch, Pierce, Fenner & Smith




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






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 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.