US BANCORP \DE\ (USB) Form 424B3 — Oct 16, 2026
U.S. Bancorp filed a preliminary pricing supplement (424B3) for Callable Fixed Rate Notes due October 27, 2031, paying a 6.00% per annum coupon with $1,000 minimum denominations. The issuer may redeem the notes in whole, but not in part, on any quarterly call date beginning October 27, 2027 through July 27, 2031, at par plus accrued interest, giving U.S. Bancorp rate-refinancing flexibility.
Key figures
- Interest Rate
- 6
- Maturity Date
- October 27, 2031
- Offering Price
- $1,000.00 per $1,000 principal amount Note (institutional price $980.00-$1,000.00)
- Term
- Five years unless previously called
- Cusip
- 91159XKW4
- Coupon
- 6.00% per annum, 30/360 unadjusted
- Min Denomination
- $1,000
- First Redemption Date
- October 27, 2027
- Redemption Frequency
- quarterly on Jan/Apr/Jul/Oct 27
- Selling Commission Max
- up to $20.00 per $1,000 Note
AI analysis
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