Title of Each Class of
Securities Offered
|
Maximum Aggregate
Offering Price
|
Amount of
Registration Fee
|
2.100%
InterNotes® Due April 15, 2027
|
$298,000
|
$38.68(1)(2)
|
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
|
63743FK88
|
$298,000
|
100.000%
|
1.450%
|
$293,679.00
|
Fixed
|
2.100%
|
MONTHLY
|
04/15/2027
|
05/15/2020
|
$1.69
|
Yes
|
Senior
Unsecured Notes
|
National Rural Utilities Cooperative
Finance Corp
|
Offering Dates: Friday, April 3,
2020 through Monday, April 13, 2020
Trade Date: Monday, April 13, 2020
@12:00 PM ET
Settle Date:Thursday, April 16,
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
1-Nov-17 and
Prospectus
Supplement Dated:
3-Nov-17
|