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U.S. Bank Announces Redemption of Senior Notes

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U.S. Bank National Association announced the redemption of its outstanding 3.45% Senior Notes and Floating Rate Senior Notes, both due November 16, 2021, effective October 15, 2021. The redemption price will be $1,000 per $1,000 original principal amount, including any accrued interest. Payments will be processed via The Depository Trust Company. U.S. Bancorp, the parent company, manages $559 billion in assets and serves customers globally through various banking services, recognized for its commitment to digital innovation and customer service.

Positive
  • Redemption of $1,000 Senior Notes indicates strong cash management.
  • No financial losses or penalties reported related to the redemption.
Negative
  • None.

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bank National Association today announced the redemption on October 15, 2021, of all its outstanding 3.45% Senior Notes due November 16, 2021 (CUSIP No. 90331HNX7) and Floating Rate Senior Notes due November 16, 2021 (CUSIP No. 90331HNY5). The redemption price for each of the Senior 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 October 15, 2021.

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

About U.S. Bancorp

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.

Investor contact: Jennifer Thompson, U.S. Bancorp Investor Relations

jen.thompson@usbank.com, 612.303.0778, @usbank_news

Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and Communications

jeffrey.shelman@usbank.com, 612.303.9933, @usbank_news

Source: U.S. Bancorp

FAQ

What is the redemption date for U.S. Bancorp's Senior Notes?

The redemption date is October 15, 2021.

What is the redemption price for U.S. Bancorp's Senior Notes?

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

What is the due date for the Senior Notes being redeemed by U.S. Bancorp?

The Senior Notes are due on November 16, 2021.

How are the payments for the redeemed Senior Notes processed?

Payments will be made through The Depository Trust Company.

What is U.S. Bancorp's asset size as of June 30, 2021?

U.S. Bancorp has $559 billion in assets.

U.S. Bancorp

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