0001104659-16-133310.txt : 20160719 0001104659-16-133310.hdr.sgml : 20160719 20160719164019 ACCESSION NUMBER: 0001104659-16-133310 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20160719 DATE AS OF CHANGE: 20160719 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: US BANCORP \DE\ CENTRAL INDEX KEY: 0000036104 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 410255900 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-195373 FILM NUMBER: 161773814 BUSINESS ADDRESS: STREET 1: U.S. BANCORP STREET 2: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402-7020 BUSINESS PHONE: 651-466-3000 MAIL ADDRESS: STREET 1: U.S. BANCORP STREET 2: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402-7020 FORMER COMPANY: FORMER CONFORMED NAME: FIRST BANK SYSTEM INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIRST BANK STOCK CORP DATE OF NAME CHANGE: 19720317 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: US BANCORP \DE\ CENTRAL INDEX KEY: 0000036104 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 410255900 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: U.S. BANCORP STREET 2: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402-7020 BUSINESS PHONE: 651-466-3000 MAIL ADDRESS: STREET 1: U.S. BANCORP STREET 2: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402-7020 FORMER COMPANY: FORMER CONFORMED NAME: FIRST BANK SYSTEM INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIRST BANK STOCK CORP DATE OF NAME CHANGE: 19720317 FWP 1 a16-15020_2fwp.htm FWP

 

Filed Pursuant to Rule 433

Registration No. 333-195373

July 19, 2016

 

 

Medium Term Notes, Series V

 

$1,350,000,000 2.375% Fixed Rate Senior Notes due July 22, 2026

 

Final Terms and Conditions

 

Issuer:

U.S. Bancorp

 

 

Note Type:

Senior Notes

 

 

Ratings*:

A1 / A+ / AA / AA (Moody’s / S&P / Fitch / DBRS)

 

 

Principal Amount:

$1,350,000,000

 

 

Pricing Date:

July 19, 2016

 

 

Settlement Date:

July 22, 2016 (T+3)

 

 

Maturity Date:

July 22, 2026

 

 

Redemption Date:

June 22, 2026

 

 

Redemption Terms:

Redeemable in whole or in part on or after the Redemption Date at 100% of the principal amount of the notes (par), plus accrued and unpaid interest thereon to the date of redemption. U.S. Bancorp shall provide 10 to 60 calendar days’ notice of redemption to the registered holder of the notes.

 

 

Coupon:

2.375%

 

 

Pricing Benchmark:

UST 1.625% due May 15, 2026

 

 

Benchmark Yield:

1.558%

 

 

Reoffer Spread:

+90 bps

 

 

Reoffer Yield:

2.458%

 

 

Price to Public:

99.268%

 

 

Gross Spread:

0.263%

 

 

All-In Price:

99.005%

 

 

Net Proceeds to Issuer:

$1,336,567,500

 

 

First Coupon Date:

January 22, 2017

 

 

Interest Payment Dates:

Semiannually, on the 22nd of January and July

 

 

CUSIP:

91159HHN3

 

 

Joint Bookrunners:

U.S. Bancorp Investments, Inc., Barclays Capital Inc., Goldman, Sachs & Co.

 

*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement, including a prospectus, with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling U.S. Bancorp Investments, Inc. at 1-877-558-2607, Barclays Capital Inc. at 1-888-603-5847, or Goldman, Sachs & Co. at 1-866-471-2526.

 

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