<SEC-DOCUMENT>0001104659-23-110167.txt : 20231019
<SEC-HEADER>0001104659-23-110167.hdr.sgml : 20231019
<ACCEPTANCE-DATETIME>20231019171121
ACCESSION NUMBER:		0001104659-23-110167
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231019
DATE AS OF CHANGE:		20231019

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AUTOZONE INC
		CENTRAL INDEX KEY:			0000866787
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO & HOME SUPPLY STORES [5531]
		IRS NUMBER:				621482048
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0826

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-266209
		FILM NUMBER:		231335418

	BUSINESS ADDRESS:	
		STREET 1:		123 SOUTH FRONT ST
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38103
		BUSINESS PHONE:		9014956500

	MAIL ADDRESS:	
		STREET 1:		P O BOX 2198
		STREET 2:		DEPT 8074
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38101-2198

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AUTOZONE INC
		CENTRAL INDEX KEY:			0000866787
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO & HOME SUPPLY STORES [5531]
		IRS NUMBER:				621482048
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0826

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		123 SOUTH FRONT ST
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38103
		BUSINESS PHONE:		9014956500

	MAIL ADDRESS:	
		STREET 1:		P O BOX 2198
		STREET 2:		DEPT 8074
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38101-2198
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2328488d2_fwp.htm
<DESCRIPTION>FWP
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Issuer Free Writing Prospectus, dated October&nbsp;19,
2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Filed Pursuant to Rule&nbsp;433 under the Securities
Act of 1933, as amended</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Supplementing the Preliminary Prospectus Supplement,
dated October&nbsp;19, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Registration No.&nbsp;333-266209</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AutoZone,&nbsp;Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Final Term Sheet</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$500,000,000 6.250% Senior Notes due 2028 (the
 &ldquo;<U>2028 Notes</U>&rdquo;)</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$500,000,000 6.550% Senior Notes due 2033 (the
 &ldquo;<U>2033 Notes</U>&rdquo; and, together with the 2028 Notes, the &ldquo;<U>Notes</U>&rdquo;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated: October&nbsp;19, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Terms related to all Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; width: 40%; font-size: 10pt">Issuer:</TD>
    <TD STYLE="padding-bottom: 10pt; width: 60%; font-size: 10pt">AutoZone,&nbsp;Inc. (the &ldquo;<U>Company</U>&rdquo;)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">Trade Date:</TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">October&nbsp;19, 2023</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">Settlement Date:</TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">October&nbsp;25, 2023 (T+4)*</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">Change of Control:</TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">The occurrence of a Change of Control Triggering Event (as defined in the Preliminary
    Prospectus Supplement) will require the Company to offer to repurchase the Notes for cash at a price equal to 101% of the principal
    amount together with accrued and unpaid interest, if any, to the date of repurchase.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">Ratings**</TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">Baa1 / BBB / BBB</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">Joint Book-Running Managers:</TD>
    <TD STYLE="padding-bottom: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BofA Securities,&nbsp;Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">J.P. Morgan Securities LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Truist Securities,&nbsp;Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Bancorp Investments,&nbsp;Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Wells Fargo Securities, LLC</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">Senior Co-Managers:</TD>
    <TD STYLE="padding-bottom: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mizuho Securities USA LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PNC Capital Markets LLC</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 10pt">Co-Managers:</TD>
    <TD STYLE="padding-bottom: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BMO Capital Markets Corp.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BBVA Securities Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Capital One Securities,&nbsp;Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Citigroup Global Markets Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Citizens JMP Securities, LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credit Agricole Securities (USA) Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Deutsche Bank Securities Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fifth Third Securities,&nbsp;Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Huntington Securities,&nbsp;Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">KeyBanc Capital Markets Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">MUFG Securities Americas Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Regions Securities LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Santander Investment Securities Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SMBC Nikko Securities America,&nbsp;Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">TD Securities (USA) LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Siebert Williams Shank&nbsp;&amp; Co., LLC</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Terms related to the 2028 Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; width: 40%">Securities:</TD>
    <TD STYLE="padding-bottom: 10pt; width: 60%">$500,000,000 6.250% Senior Notes due 2028</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Principal Amount:</TD>
    <TD STYLE="padding-bottom: 10pt">$500,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Maturity:</TD>
    <TD STYLE="padding-bottom: 10pt">November&nbsp;1, 2028</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Interest Payment Dates:</TD>
    <TD STYLE="padding-bottom: 10pt">May&nbsp;1 and November&nbsp;1 of each year, commencing on May&nbsp;1, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Record Dates:</TD>
    <TD STYLE="padding-bottom: 10pt">April&nbsp;15 and October&nbsp;15</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Benchmark Treasury:</TD>
    <TD STYLE="padding-bottom: 10pt">UST 4.625% due September&nbsp;30, 2028</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Benchmark Treasury Price / Yield:</TD>
    <TD STYLE="padding-bottom: 10pt">98-18+ / 4.952%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Spread to Benchmark Treasury:</TD>
    <TD STYLE="padding-bottom: 10pt">+132 basis points</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Yield to Maturity:</TD>
    <TD STYLE="padding-bottom: 10pt">6.272%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Coupon (Interest Rate):</TD>
    <TD STYLE="padding-bottom: 10pt">6.250%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Price to Public:</TD>
    <TD STYLE="padding-bottom: 10pt">99.905%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Optional Redemption Provision:</TD>
    <TD STYLE="padding-bottom: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The 2028 Notes will be redeemable at the Company&rsquo;s option
    at any time in whole or from time to time in part.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to October&nbsp;1, 2028 (one month prior to their maturity
    date) (the &ldquo;<U>2028 Par Call Date</U>&rdquo;), the Company may redeem the 2028 Notes at its option, in whole or in part, at
    any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal
    places) equal to the greater of: (1)&nbsp;(a)&nbsp;the sum of the present values of the remaining scheduled payments of principal
    and interest thereon discounted to the redemption date (assuming the 2028 Notes to be redeemed matured on the 2028 Par Call Date)
    on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Preliminary
    Prospectus Supplement) plus 20 basis points less (b)&nbsp;interest accrued to, but not including, the date of redemption, and (2)&nbsp;100%
    of the principal amount of the 2028 Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but not including,
    the redemption date.</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; width: 40%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 10pt; width: 60%">On or after the 2028 Par Call Date, the Company may redeem the 2028 Notes, in whole
    or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2028 Notes being
    redeemed plus accrued and unpaid interest on the 2028 Notes to be redeemed to, but not including, the redemption date.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">CUSIP/ISIN:</TD>
    <TD STYLE="padding-bottom: 10pt">053332 BG6 / US053332BG66</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Terms related to the
2033 Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; width: 40%">Securities:</TD>
    <TD STYLE="padding-bottom: 10pt; width: 60%">$500,000,000 6.550% Senior Notes due 2033</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Principal Amount:</TD>
    <TD STYLE="padding-bottom: 10pt">$500,000,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Maturity:</TD>
    <TD STYLE="padding-bottom: 10pt">November&nbsp;1, 2033</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Interest Payment Dates:</TD>
    <TD STYLE="padding-bottom: 10pt">May&nbsp;1 and November&nbsp;1 of each year, commencing on May&nbsp;1, 2024</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Record Dates:</TD>
    <TD STYLE="padding-bottom: 10pt">April&nbsp;15 and October&nbsp;15</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Benchmark Treasury:</TD>
    <TD STYLE="padding-bottom: 10pt">3.875% due August&nbsp;15, 2033</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Benchmark Treasury Price / Yield:</TD>
    <TD STYLE="padding-bottom: 10pt">91-19 / 4.966%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Spread to Benchmark Treasury:</TD>
    <TD STYLE="padding-bottom: 10pt">+162 basis points</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Yield to Maturity:</TD>
    <TD STYLE="padding-bottom: 10pt">6.586%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Coupon (Interest Rate):</TD>
    <TD STYLE="padding-bottom: 10pt">6.550%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">Price to Public:</TD>
    <TD STYLE="padding-bottom: 10pt">99.737%</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; width: 40%">Optional Redemption Provision:</TD>
    <TD STYLE="padding-bottom: 10pt; width: 60%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The 2033 Notes will be redeemable at the Company&rsquo;s option
    at any time in whole or from time to time in part.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to August&nbsp;1, 2033 (three months prior to their maturity
    date) (the &ldquo;<U>2033 Par Call Date</U>&rdquo;), the Company may redeem the 2033 Notes at its option, in whole or in part, at
    any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal
    places) equal to the greater of: (1)&nbsp;(a)&nbsp;the sum of the present values of the remaining scheduled payments of principal
    and interest thereon discounted to the redemption date (assuming the 2033 Notes to be redeemed matured on the 2033 Par Call Date)
    on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Preliminary
    Prospectus Supplement) plus 25 basis points less (b)&nbsp;interest accrued to, but not including, the date of redemption, and (2)&nbsp;100%
    of the principal amount of the 2033 Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but not including,
    the redemption date.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On or after the 2033 Par Call Date, the Company may redeem the
    2033 Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of
    the 2033 Notes being redeemed plus accrued and unpaid interest on the 2033 Notes to be redeemed to, but not including, the redemption
    date.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">CUSIP/ISIN:</TD>
    <TD STYLE="padding-bottom: 10pt">053332 BH4 / US053332BH40</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">***</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">*We expect that delivery of the notes will be
made to investors on or about October&nbsp;25, 2023, which will be the fourth business day following the date of pricing of the notes
(such settlement being referred to as &ldquo;T+4). Under Rule&nbsp;15c6-1 under the Exchange Act, trades in the secondary market are
required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who
wish to trade notes prior to the second business day preceding the delivery of the notes hereunder will be required, by virtue of the
fact that the notes will initially settle in T+4, to specify an alternate settlement arrangement at the time of any such trade to prevent
a failed settlement. Purchasers of the notes who wish to trade the notes prior to the second business day preceding their date of delivery
hereunder should consult their advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">**Note: A securities rating is not a recommendation to buy, sell or
hold a security and may be subject to revision or withdrawal at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>The Company has filed a registration statement (including a preliminary
prospectus supplement and prospectus) with the Securities and Exchange Commission for the offering to which this communication relates.
Before you invest, you should read the preliminary prospectus supplement and 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 website at <U>www.sec.gov</U>. 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 BofA Securities,&nbsp;Inc. toll free at 1-800-294-1322, J.P. Morgan Securities LLC collect at 1-212-834-4533, Truist Securities,&nbsp;Inc.
toll free at 1-800-685-4786 or U.S. Bancorp Investments,&nbsp;Inc. toll free at 1-877-558-2607.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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