U.S. Bancorp Announces Redemption of Medium-Term Notes; U.S. Bank Announces Redemption of Senior Notes
December 18 2020 - 9:00AM
Business Wire
U.S. Bancorp today announced the redemption on December 29,
2020, of all its outstanding 2.35% Medium-Term Notes, Series V
(Senior), due January 29, 2021 (CUSIP No. 91159HHL7). 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 December 29,
2020.
U.S. Bank National Association today announced the redemption on
January 4, 2021, of all its outstanding 3.00% Senior Notes due
February 4, 2021 (CUSIP No. 9033HPA5) and Floating Rate Senior
Notes due February 4, 2021 (CUSIP No. 90331HPB3). 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 January 4,
2020.
Payment of the redemption price for the Medium-Term Notes and
Senior Notes will be made through the facilities of The Depository
Trust Company.
About U.S. Bancorp
U.S. Bancorp, with more than 70,000 employees and $540 billion
in assets as of September 30, 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/20201218005021/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, 612.422.1423,
@usbank_news
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