US BANCORP \DE\ (USB) Form 424B3 — Oct 22, 2026
U.S. Bancorp filed a preliminary pricing supplement for new Senior Medium-Term Notes, Series EE — callable fixed rate notes due August 4, 2041, paying 6.35% per annum. The notes are priced at 100% of principal in $1,000 denominations, with U.S. Bancorp holding an option to redeem them in whole on quarterly dates beginning February 4, 2029.
Key figures
- Debt Amount
- Aggregate principal amount not stated (preliminary)
- Interest Rate
- 6.35
- Maturity Date
- August 4, 2041
- Offering Price
- $1,000 per note (100% of principal)
- Term
- 14.75 years unless previously called
- Cusip
- 91159XLD5
- Issue date
- Expected November 4, 2026
- Pricing date
- Expected November 2, 2026
- Call schedule
- Feb 4 / May 4 / Aug 4 / Nov 4 annually, beginning Feb 4, 2029 through May 4, 2041
- Minimum denomination
- $1,000
- Max selling commission
- up to $40.00 per $1,000 note
- Institutional price range
- $960.00 to $1,000 per $1,000 note
AI analysis
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