Issuer Free Writing Prospectus, dated November 8, 2010
Filed Pursuant to Rule 433 under the Securities Act of 1933, as amended
Supplementing the Preliminary Prospectus Supplement, dated November 8, 2010
Registration No. 333-152592
AutoZone, Inc.
Final Term Sheet
Dated: November 8, 2010
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Issuer:
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AutoZone, Inc. |
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Size:
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$500,000,000 |
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Maturity:
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November 15, 2020 |
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Coupon (Interest Rate):
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4.000% |
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Yield to Maturity:
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4.054% |
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Spread to Benchmark Treasury:
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+150 basis points |
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Benchmark Treasury:
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UST 2.625% due August 15, 2020 |
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Benchmark Treasury Price and Yield:
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100-19+, 2.554% |
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Interest Payment Dates:
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May 15 and November 15, commencing May 15, 2011 |
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Optional Redemption Provision:
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Prior to August 15, 2020, in whole or in part at
the greater of (i) 100% of the principal amount
and (ii) discounted present value at the Adjusted
Treasury Rate, plus 25 basis points; on or after
August 15, 2020, at 100% of the principal amount. |
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Price to Public:
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99.560% |
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Settlement Date:
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November 15, 2010* |
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Ratings:
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Baa2 (Stable) – Moody’s /
BBB (Stable) – S&P /BBB
(Stable) – Fitch |
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CUSIP/ISIN:
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053332AL6 / US053332AL60 |
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Active Book-Running Managers:
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Merrill Lynch, Pierce, Fenner & Smith Incorporated
SunTrust Robinson Humphrey, Inc. |
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Passive Book-Running Manager:
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Morgan Keegan & Company, Inc. |
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.
*Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary
market generally are required to settle in three business days, unless the parties to any such
trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes prior to November
9, 2010 will be required, by virtue of the fact that the notes initially will settle T+4 (on
November 15, 2010) to specify an alternate settlement cycle at the time of any such trade to
prevent a failed settlement. Purchasers of notes who wish to trade notes prior to November 9, 2010
should consult their own advisors.
The issuer has filed a registration statement (including a prospectus) with the Securities and
Exchange Commission 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 Securities and Exchange Commission for more complete information about the issuer and this
offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange
Commission 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 toll-free at 1-800-294-1322 or SunTrust Robinson
Humphrey, Inc. toll-free at 1-800-685-4786.