fwp
Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated April 12, 2010
Relating to Preliminary Prospectus Supplement dated April 12, 2010
Registration Statement No. 333-161697
Lowe’s Companies, Inc.
Final Term Sheet
Dated April 12, 2010
4.625% Notes Due 2020
     
Issuer:
  Lowe’s Companies, Inc.
 
    
Aggregate Principal Amount Offered:
  $500,000,000
 
    
Maturity Date:
  April 15, 2020
 
    
Coupon (Interest Rate):
  4.625% per annum
 
    
Price to Public (Issue Price):
  99.818% of principal amount, plus accrued interest from the expected settlement date
 
    
Yield to Maturity:
  4.648%
 
    
Net Proceeds:
  $496,840,000 (before transaction expenses)
 
    
Benchmark Treasury:
  UST 3.625% due February 15, 2020
 
    
Benchmark Treasury Price and Yield:
  98-06; 3.848%
 
    
Spread to Benchmark Treasury:
  0.80% (80 basis points)
 
    
Make Whole Call:
  T+ 15 basis points (before six months prior to the maturity date)
 
    
Par Call:
  Within six months prior to the maturity date
 
    
Trade Date:
  April 12, 2010
 
    
Settlement Date (T+3):
  April 15, 2010

 

 

     
Underwriters:
  Banc of America Securities LLC
J.P. Morgan Securities Inc.
SunTrust Robinson Humphrey, Inc.
 
    
Co-Managers:
  Wells Fargo Securities, LLC
U.S. Bancorp Investments, Inc.
 
    
 
  Barclays Capital Inc.
BB&T Capital Market, a division of Scott & Stringfellow, LLC
BMO Capital Markets Corp.
BNP Paribas Securities Corp.
BNY Mellon Capital Markets, LLC
Fifth Third Securities, Inc.
HSBC Securities (USA) Inc.
Mitsubishi UFJ Securities (USA), Inc.
Morgan Keegan & Company, Inc.
PNC Capital Markets LLC
 
    
 
  Loop Capital Markets, LLC
Samuel A. Ramirez & Company, Inc.
The Williams Capital Group, L.P.
 
    
Long-term debt ratings:
  Moody’s, A1 (Stable); S&P, A (Stable); Fitch, A+ (Stable)
     
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

 

 

5.800% Notes Due 2040
     
Issuer:
  Lowe’s Companies, Inc.
 
    
Aggregate Principal Amount Offered:
  $500,000,000
 
    
Maturity Date:
  April 15, 2040
 
    
Coupon (Interest Rate):
  5.800% per annum
 
    
Price to Public (Issue Price):
  99.915% of principal amount, plus accrued interest from the expected settlement date
 
    
Yield to Maturity:
  5.806%
 
    
Net Proceeds:
  $495,200,000 (before transaction expenses)
 
    
Benchmark Treasury:
  UST 4.375% due November 15, 2039
 
    
Benchmark Treasury Price and Yield:
  94-23+; 4.706%
 
    
Spread to Benchmark Treasury:
  1.10% (110 basis points)
 
    
Make Whole Call:
  T+ 20 basis points (before six months prior to the maturity date)
 
    
Par Call:
  Within six months prior to the maturity date
 
    
Trade Date:
  April 12, 2010
 
    
Settlement Date (T+3):
  April 15, 2010
 
    
Underwriters:
  Banc of America Securities LLC
J.P. Morgan Securities Inc.
SunTrust Robinson Humphrey, Inc.
 
    
Co-Managers:
  Wells Fargo Securities, LLC
U.S. Bancorp Investments, Inc.
 
    
 
  Barclays Capital Inc.
BB&T Capital Market, a division of Scott & Stringfellow, LLC
BMO Capital Markets Corp.

 

 

     
 
  BNP Paribas Securities Corp.
BNY Mellon Capital Markets, LLC
Fifth Third Securities, Inc.
HSBC Securities (USA) Inc.
Mitsubishi UFJ Securities (USA), Inc.
Morgan Keegan & Company, Inc.
PNC Capital Markets LLC
 
    
 
  Loop Capital Markets, LLC
Samuel A. Ramirez & Company, Inc.
The Williams Capital Group, L.P.
 
    
Long-term debt ratings:
  Moody’s, A1 (Stable); S&P, A (Stable); Fitch, A+ (Stable)
     
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
 
     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 Banc of America Securities LLC toll-free at 1-800-294-1322, J.P. Morgan Securities Inc. collect at (212) 834-4533 or SunTrust Robinson Humphrey, Inc. toll-free at 1-800-685-4786.