U.S. Bank Announces Redemption of Senior Notes
May 11 2020 - 9:00AM
Business Wire
U.S. Bank National Association today announced the redemption on
May 21, 2020, of all its outstanding 3.104% Fixed-to-Floating Rate
Senior Notes due May 21, 2021 (CUSIP No. 90331HNS8) and Floating
Rate Senior Notes due May 21, 2021 (CUSIP No. 90331HNT6). 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 May 21,
2020.
Payment of the redemption price for the Senior Notes will be
made through the facilities of The Depository Trust Company.
About U.S. Bank
U.S. Bancorp, with more than 70,000 employees and $543 billion
in assets as of March 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 mobile and online tools that
allow customers to bank how, when and where they prefer. U.S. Bank
is committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment
services customers across the country and around the world as a
trusted financial partner, a commitment recognized by the
Ethisphere Institute naming the bank one of the 2020 World’s Most
Ethical Companies. Visit U.S. Bank at www.usbank.com or follow on
social media to stay up to date with company news.
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version on businesswire.com: https://www.businesswire.com/news/home/20200511005064/en/
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, @usbank_news
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