Title of Each Class of Securities Offered
|
Maximum Aggregate Offering Price
|
Amount of Registration Fee(1)(2)
|
||
2.050%
InterNotes® Due February 15, 2027
|
$2,749,000
|
$356.82
|
||
(1)
|
Calculated
in accordance with Rule 457(r) under the Securities Act of
1933.
|
|
|
|
(2)
|
The
amount in this column has been transmitted to the SEC in connection
with the securities offered by means of this pricing
supplement.
|
|
|
CUSIP Number
|
Principal
Amount
|
Selling
Price
|
Gross
Concession
|
Net
Proceeds
|
Coupon
Type
|
Coupon
Rate
|
Coupon Frequency
|
Maturity
Date
|
1st
Coupon Date
|
1st
Coupon Amount
|
Survivor's
Option
|
Product
Ranking
|
63743FK47
|
$2,749,000
|
100%
|
1.450%
|
$2,709,139.50
|
Fixed
|
2.050%
|
MONTHLY
|
02/15/2027
|
03/15/2020
|
$1.03
|
Yes
|
Senior
Unsecured Notes
|
National
Rural Utilities Cooperative Finance Corp
|
Offering
Dates: Tuesday, February 18, 2020 through Monday, February 24,
2020
Trade
Date: Monday, February 24, 2020 @12:00 PM ET
Settlement
Date: Thursday, February 27, 2020
Minimum
Denomination/Increments:$1,000.00/$1,000.00
Initial
trades settle flat and clear SDFS: DTC Book Entry only
DTC
number: 0235 via RBC Dain Rauscher Inc.
Agents:
Incapital, LLC, Citigroup, J.J.B. Hilliard, W.L. Lyons, Inc.,
Wells
Fargo
Advisors, RBC Capital Markets
Trustee:
U. S. Bank National Association
If the
maturity date or an interest payment date for any note is not a
Business
Day (as
term is defined in Prospectus), principal, premium, if any, and
interest
for
that note is paid on the next Business Day, and no interest will
accrue from,
and
after, the maturity date or interest payment date.
Validity
of the Notes
In the
opinion of Hogan Lovells US LLP, as counsel to the Company, when
the
notes
offered by this pricing supplement have been executed and issued by
the
Company
and authenticated by the trustee pursuant to the indenture,
and
delivered
against payment as contemplated herein, such notes will
constitute
valid
and binding obligations of the Company, subject to
bankruptcy,
insolvency,
reorganization, receivership, moratorium and other laws
affecting
creditors?
rights (including, without limitation, the effect of statutory and
other
law
regarding fraudulent conveyances, fraudulent transfers and
preferential
transfers),
and by the exercise of judicial discretion and the application
of
principles
of equity, good faith, fair dealing, reasonableness,
conscionability
and
materiality (regardless of whether the applicable agreements
are
considered
in a proceeding in equity or at law).
This
opinion is based as to matters of law solely on applicable
provisions of the
following,
as currently in effect: (i) the District of Columbia
Cooperative
Association
Act, as amended (the ?Cooperative Association Act?) and (ii)
the
laws of
the State of New York (but not including any laws,
statutes,
ordinances,
administrative decisions, rules or regulations of any
political
subdivision
below the state level). In addition, this opinion is subject
to
customary
assumptions about the trustee?s authorization, execution
and
delivery
of the indenture and its authentication of the notes and the
validity,
binding
nature and enforceability of the indenture with respect to the
trustee,
all as
stated in the letter of such counsel dated November 3, 2017, which
has
been
filed as an exhibit to a Current Report on Form 8-K by the Company
on
November
3, 2017.
InterNotes® is a registered
trademark of Incapital Holdings, LLC. All rights
reserved.
|
National Rural Utilities
Cooperative Finance Corp
Prospectus Dated November 1,
2017
|