U.S. Bancorp Announces Redemption of Medium-Term Notes

Rhea-AI Summary

U.S. Bancorp will redeem all outstanding 4.125% Medium-Term Notes, Series T, on April 23, 2021. The redemption price is $1,000 for each $1,000 principal, plus any accrued interest up to the redemption date. The redemption will be processed through The Depository Trust Company. U.S. Bancorp, which has nearly 70,000 employees and $554 billion in assets, ranks as the fifth-largest commercial bank in the U.S. The bank is dedicated to customer service through a blend of digital tools and personal banking.

Positive

• U.S. Bancorp maintains a strong financial position with $554 billion in assets.
• The redemption of Medium-Term Notes reflects effective debt management.

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• None.

U.S. Bancorp today announced the redemption on April 23, 2021, of all its outstanding 4.125% Medium-Term Notes, Series T (Senior), due May 24, 2021 (CUSIP No. 91159HHA1). The redemption price for the Medium-Term Notes will be equal to $1,000 per $1,000 original principal amount, plus any accrued and unpaid interest to, but excluding, the redemption date of April 23, 2021.

Payment of the redemption price for the Medium-Term Notes will be made through the facilities of The Depository Trust Company.

About U.S. Bank

U.S. Bancorp, with nearly 70,000 employees and $554 billion in assets as of December 31, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with digital tools that allow customers to bank when, where and how they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial, corporate, and investment customers across the country and around the world as a trusted and responsible financial partner. This commitment continues to earn a spot on the Ethisphere Institute’s World’s Most Ethical Companies list and puts U.S. Bank in the top 5% of global companies assessed on the CDP A List for climate change action. Visit usbank.com for more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210413005121/en/

FAQ

What is the date for the redemption of U.S. Bancorp's Medium-Term Notes?

The redemption is set for April 23, 2021.

What is the redemption price for U.S. Bancorp's Medium-Term Notes?

The redemption price is $1,000 for each $1,000 original principal amount.

How will the redemption payment be made for U.S. Bancorp's Medium-Term Notes?

Payments will be made through The Depository Trust Company.

What are the interest rates for U.S. Bancorp's Medium-Term Notes being redeemed?

The Medium-Term Notes have an interest rate of 4.125%.

How many employees does U.S. Bancorp have?

U.S. Bancorp has nearly 70,000 employees.