Filed Pursuant to Rule 433
Registration Statement No. 333-172662


Best Buy Co., Inc.
Pricing Term Sheet


March 8, 2011


3.750% Notes due 2016

5.500% Notes due 2021




Best Buy Co., Inc.








Title of Securities:


3.750% Notes due 2016 (the “2016 Notes”)



5.500% Notes due 2021 (the “2021 Notes” and, together



with the 2016 Notes, the “Notes”)






Type of Transaction:










Trade Date:


March 8, 2011








Settlement Date:


T + 3: March 11, 2011








Principal Amount:


2016 Notes:






2021 Notes:










Coupon (Interest Rate):


2016 Notes:

3.750% per annum





2021 Notes:

5.500% per annum









Maturity Date:


2016 Notes:

March 15, 2016





2021 Notes:

March 15, 2021









Price to Public (Issue Price):


2016 Notes:

99.606% of principal amount



2021 Notes:

99.695% of principal amount






Yield to Maturity:


2016 Notes:






2021 Notes:









Benchmark Treasury:


2016 Notes:

UST 2.125% due 2/29/2016



2021 Notes:

UST 3.625% due 2/15/2021






Benchmark Treasury Price and Yield:


2016 Notes:

99-19 / 2.212%





2021 Notes:

100-22+ / 3.540%





Spread to Benchmark Treasury:


2016 Notes:

1.625% (162.5 basis points)



2021 Notes:

2.000% (200 basis points)






Interest Payment Dates:


Semi-annually on March 15 and September 15 of each year, beginning on September 15, 2011






Interest Payment Record Dates:


March 1 and September 1 of each year








Optional Redemption:


2016 Notes:

At any time at T + 25 basis points



2021 Notes:

Before December 15, 2020 at T + 30 basis points; on or after
at 100%








2016 Notes:

086516 AK7 / US086516AK77



2021 Notes:

086516 AL5 / US086516AL50






Expected Ratings:


Moody’s: Baa2 stable, S&P: BBB- stable, Fitch: BBB+ negative*






Joint Book-Running Managers:


Merrill Lynch, Pierce, Fenner & Smith Incorporated



Credit Suisse Securities (USA) LLC





J.P. Morgan Securities LLC





UBS Securities LLC








Senior Co-Managers:


Citigroup Global Markets Inc.





Wells Fargo Securities, LLC










Standard Chartered Bank





Fifth Third Securities, Inc.





Goldman, Sachs & Co.





HSBC Securities (USA) Inc.





Mitsubishi UFJ Securities (USA), Inc.





RBC Capital Markets, LLC





Scotia Capital (USA) Inc.





U.S. Bancorp Investments, Inc.





Barclays Capital Inc.





BBVA Securities Inc.





Deutsche Bank Securities Inc.





Morgan Stanley & Co. Incorporated





RBS Securities Inc.




*Note: A credit rating of a security is not a recommendation to buy, sell or hold such security and may be subject to review, revision, suspension, reduction or withdrawal at any




time by the assigning rating agency. Each of the ratings included herein should be evaluated independently of any other rating.


The issuer has filed a registration statement (including a prospectus) with the SEC 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 SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at 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 at (800) 294-1322 (toll free), Credit Suisse Securities (USA) LLC at (800) 221-1037 (toll free), J.P. Morgan Securities LLC at (212) 834-4533 (collect) or UBS Securities LLC at (877) 827-6444 (extension 561-3884) (toll free).