Title of Each Class of
Securities Offered
|
Maximum Aggregate
Offering Price
|
Amount of
Registration Fee(1)(2)
|
1.700%
InterNotes® Due March 15, 2027
|
$1,826,000
|
$237.02
|
CUSIP
Number
|
Principal
Amount
|
Selling
Price
|
Gross
Concession
|
NetProceeds
|
Coupon
Type
|
Coupon
Rate
|
Coupon
Frequency
|
Maturity
Date
|
1st
Coupon Date
|
1st
Coupon Amount
|
Survivor's
Option
|
Product
Ranking
|
63743FK70
|
$1,826,000
|
100%
|
1.450%
|
$1,799,523.00
|
Fixed
|
1.700%
|
MONTHLY
|
03/15/2027
|
04/15/2020
|
$1.56
|
Yes
|
Senior
Unsecured Notes
|
National Rural
Utilities Cooperative Finance Corp
|
Offering Dates:
Monday, March 2, 2020 through Monday, March 9, 2020
Trade
Date: Monday, March 9,
2020 @12:00 PM ET
Settlement Date:
Thursday, March 12, 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
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
|