Free Writing Prospectus
(to the Preliminary Prospectus
Supplement dated August 19, 2026)
Filed Pursuant to Rule 433
Registration No. 333-298324
AVNET, INC.
PRICING TERM SHEET
August 19, 2026
$550,000,000 5.650% Senior Notes due 2031
| Issuer: | Avnet, Inc. |
| Ratings (Moody’s / S&P / Fitch)*: | Baa3 / BBB- / BBB- |
| Principal Amount: | $550,000,000 |
| Trade Date: | August 19, 2026 |
| Settlement Date**: | August 24, 2026 (T+3) |
| Maturity: | September 1, 2031 |
| Coupon (Interest Rate): | 5.650% |
| Yield to Maturity: | 5.698% |
| Price to Public: | 99.791% of the principal amount |
| Spread to Benchmark Treasury: | +132 basis points |
| Benchmark Treasury: | 4.375% due July 31, 2031 |
| Benchmark Treasury Price and Yield: | 99-31+; 4.378% |
| Interest Payment Dates: | Semi-annually on September 1 and March 1 of each year, commencing on March 1, 2027 |
| Make-Whole Call: | Make-whole call at any time prior to August 1, 2031 at the greater of (i) the sum of the present values of the remaining scheduled payments of principal and interest discounted at the treasury rate plus 20 basis points less interest accrued to, but excluding, the redemption date and (ii) 100% of the principal amount of the notes being redeemed, plus, in either case, accrued and unpaid interest to, but excluding, the redemption date. |
| Par Call: | At any time on or after August 1, 2031, we may redeem all or any part of the notes at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest thereon to, but excluding, the redemption date. |
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| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof |
| Day Count Convention: | 30/360 |
| CUSIP Number: | 053807BA0 |
| ISIN Number: | US053807BA01 |
| Joint Book-Running Managers: | BofA Securities, Inc. |
| J.P. Morgan Securities LLC | |
| MUFG Securities Americas Inc. | |
| Passive Bookrunners | BNP Paribas Securities Corp. |
| Scotia Capital (USA) Inc. | |
| Truist Securities, Inc. | |
| Commerz Markets LLC | |
| KeyBanc Capital Markets Inc. | |
| Santander US Capital Markets LLC | |
| SMBC Nikko Securities America, Inc. | |
| TD Securities (USA) LLC | |
| U.S. Bancorp Investments, Inc. | |
| Wells Fargo Securities, LLC | |
| Co-Managers | Academy Securities, Inc. |
| Loop Capital Markets LLC | |
| Bayerische Landesbank | |
| Huntington Securities, Inc. | |
| KBC Securities USA LLC | |
| Oversea-Chinese Banking Corporation Limited | |
| Standard Chartered Bank |
*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.
**Note: It is expected that delivery of the notes will be made against payment therefor on or about August 24, 2026, which is the third business day following the date hereof (such settlement cycle being referred to as “T+3”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the business day before the delivery of the notes will be required, by virtue of the fact that the notes initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement. Purchasers of the notes who wish to trade the notes prior to the business day before the delivery of the notes should consult their own advisors.
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 www.sec.gov. Alternatively, BofA Securities, Inc., J.P. Morgan Securities LLC, or MUFG Securities Americas Inc. can arrange to send you the prospectus if you request it by calling or e-mailing BofA Securities, Inc. at 1-800-294-1322 or dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC at 1-212-834-4533 (collect); or MUFG Securities Americas Inc. at 1-877-649-6848.