Filed Pursuant to Rule 424(b)(5) Registration No. 333-225182 CALCULATION OF REGISTRATION FEE Maximum offering price Title of each class of securities to be registered 9.500% Notes due 2025 Amount to be registered $600,000,000 Maximum aggregate offering price $599,940,000 per unit Amount of registration fee(1) $77,872.21 99.990% (1) Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended. PROSPECTUS SUPPLEMENT (To Prospectus dated May 24, 2018) $600,000,000 KOHL'S Kohl's Corporation 9.500% NOTES DUE 2025 Kohl's Corporation will pay interest on the $600,000,000 9.500% notes due 2025 (the "notes) on May 15 and November 15 of each year, beginning November 15, 2020. The interest rate payable on the notes will be subiect to adiustment based on certain rating events. See "Description of the Notes Interest Rate Adiustment of repurchase the notes from holders as described under Description of the NotesRepurchase upon Change of Control Repurchase Event." The notes will be our senior unsecured obligations and will rank equally in right of payment with all of our other senior unsecured indebtedness from time to time outstanding. The notes will be effectively subordinated to all of our existing and future secured indebtedness or other secured liabilities to the extent of the value of the assets securing such indebtedness and liabilities and to all indebtedness and other liabilities of our subsidiaries. The notes will be issued only in registered form in denominations of $2,000 and integral multiples of $1,000 above that amount. Investing in the notes involves risks that are described under "Risk Factors beginning on page S-9. Public offering price (1) $599,940,000 Underwriting discount % 99.990 % 1.000 % 98.990 $ 6,000,000 Proceeds, before expenses, to us (1) $593,940,000 (1) Plus accrued interest, if any, from April 29, 2020, if settlement occurs after that date. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense. The notes will be ready for delivery in book-entry form only through The Depository Trust Company for the accounts of its participants, including Clearstream Banking S.A. and Euroclear Bank SA/NV. on or about April 29. Business Assignment 1--Konis Corporation The first page of a completed prospectus for Kohl's Corporation is included in the data for Business Assignment 1. Using this information, we will verify the principal amount of the bonds and then compute the issuance price of the bonds. The computations are show on page 259 of our text. We will use Excel to compute the present value because the tables are not detailed enough. Let's get started 1. First, compute the the semi-annual interest payment for the bonds. Show your computation. . . . . 2. Let's verify the principal amount of the bonds. The price consists of the present value of the lump sum amount of $600,000,000 and then the present value of the semi-annual interest interest payment Amount Present Value Lump-sum Semi-annual payment Total The total should be $600,000,000 Hint: To compute present value select, "insert" then "PV". . . 3. The actual proceeds of the bond issue was $599,940,000. Does this mean the bonds were issued at a discount or premium 21 22 3. The actual proceeds of the bond issue was $599,940,000. Does this mean the bonds were issued 23 at a discount or premium? 24 25 26 4. Does this mean the market rate of interest would be higher or lower than the 9.5% coupon rate? 27 28 29 30 5. I'm thinking the market rate of interest was very close to 0.09502559 at the time of issue. Try this and and see 31 if you don't come close to the $599,940,000 proceeds. We may be off a bit due to rounding 32 33 Amount Present Value 34 Lump-sum 35 Semi-annual payment 36 Total 37 38