US BANCORP \DE\ (USB) Form 424B3 — Aug 17, 2026
U.S. Bancorp filed a preliminary pricing supplement for a new takedown off its Senior Medium-Term Notes, Series EE shelf: Callable Fixed Rate Notes due August 28, 2036 bearing interest at 5.50% per annum, paid monthly in arrears on the 28th of each month beginning September 28, 2026. The notes are priced at $1,000 per note in $1,000 minimum denominations and are redeemable at U.S. Bancorp's option, in whole but not in part, on quarterly dates (Feb 28, May 28, Aug 28, Nov 28) beginning February 28, 2028 through May 28, 2036 at par plus accrued interest, meaning buyers face reinvestment risk if the notes are called early.
Key figures
- Interest Rate
- 5.5
- Maturity Date
- August 28, 2036
- Offering Price
- 1000
- Term
- Ten years, unless previously called
- Cusip
- 91159XJW6
- Ranking
- Senior, unsecured
- Note type
- Callable Fixed Rate Notes due August 28, 2036
- Issue price
- 100% of principal amount ($1,000.00 per note)
- Call schedule
- Issuer may redeem in whole (not in part) on Feb 28, May 28, Aug 28, Nov 28 of each year, beginning February 28, 2028 and ending May 28, 2036
- Redemption price
- 100% of principal plus accrued and unpaid interest
- Expected issue date
- August 28, 2026
- Minimum denomination
- $1,000 and integral multiples of $1,000
- Expected pricing date
- August 27, 2026
- Interest payment dates
- 28th of each month, beginning September 28, 2026
- Max selling commission
- up to $40.00 per $1,000 principal amount Note
- Institutional price range
- $960.00 to $1,000 per $1,000 principal amount Note
AI analysis
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