US BANCORP \DE\ (USB) Form 424B3 — Oct 22, 2026
U.S. Bancorp filed a preliminary pricing supplement for Callable Fixed Rate Senior Notes due October 21, 2031, paying a 5.65% annual coupon, priced at $1,000 per note with $1,000 minimum denominations. The notes are senior unsecured obligations and U.S. Bancorp may redeem them in whole on quarterly dates beginning November 4, 2027 through August 4, 2031.
Key figures
- Interest Rate
- 5.65
- Maturity Date
- October 21, 2031
- Offering Price
- $1,000.00 per note (100% of principal)
- Term
- Five years unless previously called
- Cusip
- 91159XLC7
- Coupon
- 5.65% per annum, fixed
- Ranking
- Senior unsecured
- Issue date
- Expected November 4, 2026
- Call feature
- Callable in whole on Feb 4/May 4/Aug 4/Nov 4 beginning November 4, 2027 through August 4, 2031 at 100% plus accrued interest
- Pricing date
- Expected November 2, 2026
- Minimum denomination
- $1,000
- Max selling commission
- up to $20.00 per $1,000 note
- Institutional price range
- $980.00-$1,000.00 per $1,000 note
AI analysis
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