26) You are comparing the two bonds below. Please note FIVE differences AND what impact EACH would have on how the bonds should trade relative to each other in the secondary market

BOND A: Home Depot

BOND B: Lowes

HD 2 3/4 09/15/51 Corp Actions Settings Page 1/12 Security Description: Bond 94 No Notes 95) Buy 90 Sell 25) Bond Description 20) Issuer Description Pages Issuer Information Identifiers 11) Bond Info Name HOME DEPOT INC FIGI BBG012F5DCF9 12 Addtl Info Industry Retailers (BCLASS) CUSIP 437076CK6 1) Reg/Tax 14 Covenants Security Information ISIN US437076CK64 15 Guarantors Mkt Iss GLOBAL Bond Ratings 10 Bond Ratings Ctry/Reg US Currency USD Moody's A2 17) Identifiers Rank Sr Unsecured Series S&P A 18 Exchanges Coupon 2.750000 Type Fixed Fitch A 19) Inv Parties 20 Fees, Restrict Con Freq S/A DBRS A 21 Schedules Day Cnt 30/360 Iss Price 98.93000 Issuance & Trading 27) Coupons Maturity 09/15/2051 Amt Issued/Outstanding Quick Links MAKE WHOLE @15.000 until 03/15/51/ CALL 03/... USD 1,000,000.00 (M) / 32 ALLQ Pricing Iss Sprd +82.00bp vs 1 2 3 05/15/51 USD 1,000,000.00 (M) 33 QRD Qt Recap Calc Type (1)STREET CONVENTION Min Piece/Increment 34 TDH Trade Hist 35) CACS Corp Action Pricing Date 09/07/2021 2,000.00/ 1,000.00 Prospectus Interest Accrual Date 09/21/2021 Par Amount 1,000.00 1st Settle Date 09/21/2021 Book Runner BofA,GS,JPM,USB 38) HDS Holders 1st Coupon Date 03/15/2022 Reporting TRACE 66 Send Bond HD 2 3/4 09/15/51 Corp Actions Settings Page 4/12 Security Description: Bond 94 No Notes 95) Buy 90 Sell 25) Bond Description 20 Issuer Description Pages Covenants 11) Bond Info Negative Pledge No 17 Addtl Info 51 Change of Control Yes @ 101.00 13 Reg/Tax 14 Covenants Fundamental Change 19 Guarantors Limit of Indebtedness No 16) Bond Ratings Cross Default No 17) Identifiers Negative Covenant Yes 18) Exchanges 52 Yes 19) Inv Parties Certain Sales of Assets 20 Fees, Restrict Restriction on Activities Yes Debt Service Coverage Ratio No 23 Coupons Free Cash Flow To Debt Service Ratio Quick Links Restrictive Covenant Yes 37) ALLQ Pricing 53) Merger Restrictions Yes 30 OF 37) ON Sec News No 20 Schedules No 31 ORD nt Reran 34 TDH LOW 3 10/15/50 Corp Actions Settings Page 1/12 Security Description: Bond 94 No Notes 95) Buy 90 Sell 25) Bond Description 26 Issuer Description Pages Issuer Information Identifiers 11) Bond Info Name LOWE'S COS INC FIGI BBGOOXS5PH19 17 Addtl Info CUSIP Industry Retailers (BCLASS) 19 Reg/Tax 548661DZ7 14 Covenants Security Information ISIN US5486610279 15) Guarantors Mkt Iss GLOBAL Bond Ratings 10 Bond Ratings Ctry/Reg US Currency USD Moody's Baa1 17) Identifiers Rank Sr Unsecured Series S&P BBB+ 18 Exchanges Coupon 3.000000 19 Inv Parties Type Fixed DBRS BBBHu 20 Fees, Restrict Con Freq S/A Composite BBB+ 21 Schedules Day Cnt 30/360 Iss Price 99.90200 Issuance & Trading 220 Coupons Maturity 10/15/2050 Amt Issued/Outstanding Quick Links MAKE WHOLE @25.000 until 04/15/50/ CALL 04/... USD 1,750,000.00 (M) / 37 ALLQ Pricing Iss Sprd +140.00bp vs 1 1 4 05/15/50 USD 1,750,000.00 (M) 33 QRD Qt Recap Trade Hist Calc Type (1)STREET CONVENTION Min Piece/Increment 35) CACS Corp Action Pricing Date 10/07/2020 2,000.00/ 1,000.00 Prospectus Interest Accrual Date 10/22/2020 Par Amount 1,000.00 Sec News 1st Settle Date 10/22/2020 Book Runner BCLY,GS,USB,WFS Holders 1st Coupon Date 04/15/2021 Reporting TRACE LOW 3 10/15/50 Corp Actions Settings Page 4/12 Security Description: Bond 94 No Notes 95) Buy 90 Sell 25) Bond Description 20 Issuer Description Pages Covenants 11 Bond Info Negative Pledge No 17 Addtl Info 51 Change of Controll Yes @ 101.00 19 Reg/Tax 14 Covenants Fundamental Change No 15) Guarantors 52 Limit of Indebtedness Yes 10 Bond Ratings 53) Cross Default Yes 17) Identifiers Negative Covenant Yes 19 Exchanges 54 Certain Sales of Assets Yes 19 Inv Parties 20 Fees, Restrict Restriction on Activities Yes Debt Service Coverage Ratio No 27 Coupons Free Cash Flow To Debt Service Ratio No Quick Links Restrictive Covenant Yes 37) ALLQ Pricing 55) Merger Restrictions 34 OF 37) ON 38 HDS 21) Schedules Yes 39 ORD Ot Recan HD 2 3/4 09/15/51 Corp Actions Settings Page 1/12 Security Description: Bond 94 No Notes 95) Buy 90 Sell 25) Bond Description 20) Issuer Description Pages Issuer Information Identifiers 11) Bond Info Name HOME DEPOT INC FIGI BBG012F5DCF9 12 Addtl Info Industry Retailers (BCLASS) CUSIP 437076CK6 1) Reg/Tax 14 Covenants Security Information ISIN US437076CK64 15 Guarantors Mkt Iss GLOBAL Bond Ratings 10 Bond Ratings Ctry/Reg US Currency USD Moody's A2 17) Identifiers Rank Sr Unsecured Series S&P A 18 Exchanges Coupon 2.750000 Type Fixed Fitch A 19) Inv Parties 20 Fees, Restrict Con Freq S/A DBRS A 21 Schedules Day Cnt 30/360 Iss Price 98.93000 Issuance & Trading 27) Coupons Maturity 09/15/2051 Amt Issued/Outstanding Quick Links MAKE WHOLE @15.000 until 03/15/51/ CALL 03/... USD 1,000,000.00 (M) / 32 ALLQ Pricing Iss Sprd +82.00bp vs 1 2 3 05/15/51 USD 1,000,000.00 (M) 33 QRD Qt Recap Calc Type (1)STREET CONVENTION Min Piece/Increment 34 TDH Trade Hist 35) CACS Corp Action Pricing Date 09/07/2021 2,000.00/ 1,000.00 Prospectus Interest Accrual Date 09/21/2021 Par Amount 1,000.00 1st Settle Date 09/21/2021 Book Runner BofA,GS,JPM,USB 38) HDS Holders 1st Coupon Date 03/15/2022 Reporting TRACE 66 Send Bond HD 2 3/4 09/15/51 Corp Actions Settings Page 4/12 Security Description: Bond 94 No Notes 95) Buy 90 Sell 25) Bond Description 20 Issuer Description Pages Covenants 11) Bond Info Negative Pledge No 17 Addtl Info 51 Change of Control Yes @ 101.00 13 Reg/Tax 14 Covenants Fundamental Change 19 Guarantors Limit of Indebtedness No 16) Bond Ratings Cross Default No 17) Identifiers Negative Covenant Yes 18) Exchanges 52 Yes 19) Inv Parties Certain Sales of Assets 20 Fees, Restrict Restriction on Activities Yes Debt Service Coverage Ratio No 23 Coupons Free Cash Flow To Debt Service Ratio Quick Links Restrictive Covenant Yes 37) ALLQ Pricing 53) Merger Restrictions Yes 30 OF 37) ON Sec News No 20 Schedules No 31 ORD nt Reran 34 TDH LOW 3 10/15/50 Corp Actions Settings Page 1/12 Security Description: Bond 94 No Notes 95) Buy 90 Sell 25) Bond Description 26 Issuer Description Pages Issuer Information Identifiers 11) Bond Info Name LOWE'S COS INC FIGI BBGOOXS5PH19 17 Addtl Info CUSIP Industry Retailers (BCLASS) 19 Reg/Tax 548661DZ7 14 Covenants Security Information ISIN US5486610279 15) Guarantors Mkt Iss GLOBAL Bond Ratings 10 Bond Ratings Ctry/Reg US Currency USD Moody's Baa1 17) Identifiers Rank Sr Unsecured Series S&P BBB+ 18 Exchanges Coupon 3.000000 19 Inv Parties Type Fixed DBRS BBBHu 20 Fees, Restrict Con Freq S/A Composite BBB+ 21 Schedules Day Cnt 30/360 Iss Price 99.90200 Issuance & Trading 220 Coupons Maturity 10/15/2050 Amt Issued/Outstanding Quick Links MAKE WHOLE @25.000 until 04/15/50/ CALL 04/... USD 1,750,000.00 (M) / 37 ALLQ Pricing Iss Sprd +140.00bp vs 1 1 4 05/15/50 USD 1,750,000.00 (M) 33 QRD Qt Recap Trade Hist Calc Type (1)STREET CONVENTION Min Piece/Increment 35) CACS Corp Action Pricing Date 10/07/2020 2,000.00/ 1,000.00 Prospectus Interest Accrual Date 10/22/2020 Par Amount 1,000.00 Sec News 1st Settle Date 10/22/2020 Book Runner BCLY,GS,USB,WFS Holders 1st Coupon Date 04/15/2021 Reporting TRACE LOW 3 10/15/50 Corp Actions Settings Page 4/12 Security Description: Bond 94 No Notes 95) Buy 90 Sell 25) Bond Description 20 Issuer Description Pages Covenants 11 Bond Info Negative Pledge No 17 Addtl Info 51 Change of Controll Yes @ 101.00 19 Reg/Tax 14 Covenants Fundamental Change No 15) Guarantors 52 Limit of Indebtedness Yes 10 Bond Ratings 53) Cross Default Yes 17) Identifiers Negative Covenant Yes 19 Exchanges 54 Certain Sales of Assets Yes 19 Inv Parties 20 Fees, Restrict Restriction on Activities Yes Debt Service Coverage Ratio No 27 Coupons Free Cash Flow To Debt Service Ratio No Quick Links Restrictive Covenant Yes 37) ALLQ Pricing 55) Merger Restrictions 34 OF 37) ON 38 HDS 21) Schedules Yes 39 ORD Ot Recan