Issuer Free Writing Prospectus, dated July 29, 2008
Filed Pursuant to Rule 433 under the Securities Act of 1933
Supplementing the Preliminary Prospectus Supplement, dated July 29, 2008
Registration No. 333-152592
AutoZone, Inc.
Final Term Sheet
Dated: July 29, 2008
2014 Notes
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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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January 15, 2014
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Coupon (Interest Rate):
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6.500%
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Yield to Maturity:
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6.503%
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Spread to Benchmark Treasury:
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+312.5 basis points
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Benchmark Treasury:
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3.375% due July 31, 2013
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Benchmark Treasury Price and Yield:
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99-31+, 3.378%
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Interest Payment Dates:
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January 15 and July 15, commencing January 15, 2009
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Optional Redemption Provision:
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In whole or in part at the greater of
(i) 100% of principal amount or (ii)
discounted present value at the
Adjusted Treasury Rate plus 50 basis points
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Price to Public:
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99.991%
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Settlement Date:
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August 4, 2008
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Ratings:
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Baa2 by Moody’s Investors Service,
Inc., BBB by Standard & Poor’s Ratings
Services, BBB by Fitch Ratings
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CUSIP:
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053332AH5
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2018 Notes
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Issuer:
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AutoZone, Inc.
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Size:
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$250,000,000 |
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Maturity:
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August 1, 2018
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Coupon (Interest Rate):
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7.125%
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Yield to Maturity:
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7.189%
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Spread to Benchmark Treasury:
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+312.5 basis points
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Benchmark Treasury:
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3.875% due May 15, 2018
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Benchmark Treasury Price and Yield:
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98-15+, 4.064%
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Interest Payment Dates:
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February 1 and August 1, commencing February 1, 2009
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Optional Redemption Provision:
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In whole or in part at the greater of (i)
100% of principal amount or (ii) discounted
present value at the Adjusted Treasury Rate
plus 50 basis points
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Price to Public:
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99.550%
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Settlement Date:
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August 4, 2008
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Ratings:
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Baa2 by Moody’s Investors Service, Inc., BBB
by Standard & Poor’s Ratings Services, BBB by
Fitch Ratings
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CUSIP:
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053332AJ1
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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.
We expect that delivery of the notes will be made against payment therefor on or about the
closing date specified above, which will be the fourth business day following the date of this term
sheet. Under Rule 15c6-1 of the Securities and Exchange Commission under the Securities Act of
1934, 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 the notes on the date of this term sheet will be required, by virtue of the fact that the
notes initially will settle in T+4, to specify an alternate settlement cycle at the time of any
such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes on
the date hereof should consult their own advisor.
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
Banc of America Securities LLC toll-free 1-800-294-1322 or you may
e-mail a request to dg.prospectus_distribution@bofasecurities.com or Citigroup Global Markets Inc. toll free at
1-877-858-5407.