US BANCORP \DE\ (USB) Form 424B3 — Sep 9, 2026
U.S. Bancorp filed a preliminary pricing supplement (424B3) under its March 2026 shelf for Senior Medium-Term Notes, Series EE — Callable Fixed Rate Notes due September 18, 2036. The notes pay interest at 5.75% per annum in $1,000 denominations, rank senior and unsecured, and carry a ten-year term unless previously called. The issuer may redeem the notes in whole (not in part) on quarterly dates from March 18, 2028 through June 18, 2036 at 100% of principal plus accrued interest, on at least five business days' notice to DTC.
Key figures
- Interest Rate
- 5.75
- Maturity Date
- September 18, 2036
- Offering Price
- $1,000.00 per note (100% of principal amount)
- Term
- Ten years, unless previously called
- Cusip
- 91159XKS3
- Series
- Senior Medium-Term Notes, Series EE
- Ranking
- Senior, unsecured
- Call Frequency
- Quarterly (18th of March, June, September, December)
- Final Call Date
- June 18, 2036
- First Call Date
- March 18, 2028
- Expected Issue Date
- September 18, 2026
- Expected Pricing Date
- September 16, 2026
- Minimum Denomination
- $1,000 and integral multiples of $1,000
- Max Selling Commission
- $40.00 per $1,000 principal amount Note
- Institutional Price Range
- $960.00 to $1,000.00 per $1,000 principal amount Note
- First Interest Payment Date
- September 18, 2027
AI analysis
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