Filed Pursuant to Rule 433 Registration No. 333-124699 Final Term Sheet March 21, 2006 THE HOME DEPOT, INC. $1,000,000,000 5.20% SENIOR NOTES DUE 2011 $3,000,000,000 5.40% SENIOR NOTES DUE 2016 ISSUER: The Home Depot, Inc. TITLE OF SECURITIES: 5.20% Senior Notes due March 1, 2011 (the "Notes due 2011") 5.40% Senior Notes due March 1, 2016 (the "Notes due 2016") TRADE DATE: March 21, 2006 SETTLEMENT DATE (T+3): March 24, 2006 MATURITY DATE: Notes due 2011: March 1, 2011 Notes due 2016: March 1, 2016 AGGREGATE PRINCIPAL AMOUNT Notes due 2011: $1,000,000,000 OFFERED: Notes due 2016: $3,000,000,000 PRICE TO PUBLIC (ISSUE PRICE): Notes due 2011: 99.948% plus accrued interest, if any, from March 24, 2006 Notes due 2016: 99.511% plus accrued interest, if any, from March 24, 2006 PRICE TO THE HOME DEPOT: Notes due 2011: 99.598% Notes due 2016: 99.061% INTEREST RATE: Notes due 2011: 5.20% per annum Notes due 2016: 5.40% per annum INTEREST PAYMENT DATES: Notes due 2011: Semi-annually on each September 1 and March 1, commencing September 1, 2006. Notes due 2016: Semi-annually on each September 1 and March 1, commencing September 1, 2006. OPTIONAL REDEMPTION: Notes due 2011: Make-whole call at any time at the greater of 100% or discounted present value at Treasury Rate plus 10 basis points. Notes due 2016: Make-whole call at any time at the greater of 100% or discounted present value at Treasury Rate plus 15 basis points. JOINT BOOKRUNNERS: Morgan Stanley & Co. Incorporated, J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated 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 (i) MORGAN STANLEY TOLL-FREE 1-(866) 718-1649 (INSTITUTIONAL INVESTORS) OR 1-(800) 584-6837 (RETAIL INVESTORS) (ii) J.P. MORGAN SECURITIES INC. COLLECT 1-(212) 834-4533 OR (iii) MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TOLL-FREE 1-(866) 500-5408. 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.