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

Rhea-AI Summary

U.S. Bancorp announced the redemption of all outstanding 3.25% Medium-Term Notes, Series X, on August 17, 2021, with a redemption price of $1,000 per $1,000 principal amount, plus accrued interest. The payment will be processed through The Depository Trust Company. As of June 30, 2021, U.S. Bancorp had nearly 70,000 employees and assets amounting to $559 billion, offering a diverse range of banking and financial services, recognized for digital innovation and social responsibility.

Positive

• Redemption of Medium-Term Notes at par value enhances liquidity.
• Strong asset base of $559 billion as of June 30, 2021.

Negative

• None.

U.S. Bancorp today announced the redemption on August 17, 2021, of all its outstanding 3.25% Medium-Term Notes, Series X (Senior), due September 17, 2021 (CUSIP No. 91159HHT0). 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 August 17, 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 $559 billion in assets as of June 30, 2021, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2021 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210806005002/en/

FAQ

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

The redemption date for U.S. Bancorp's Medium-Term Notes is August 17, 2021.

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

The redemption price will be $1,000 per $1,000 original principal amount, plus accrued interest.

How much assets did U.S. Bancorp have as of June 30, 2021?

U.S. Bancorp had $559 billion in assets as of June 30, 2021.

Who processes the payment for the redemption of U.S. Bancorp's Medium-Term Notes?

The payment will be made through the facilities of The Depository Trust Company.