Obligation U.S. Bancorp 3.9% ( US91159HHS22 ) en USD

U.S. Bancorp

100 % ▲

Etas-Unis

US91159HHS22 ( en USD )

3.9% par an ( paiement semestriel )

25/04/2028

Prospectus brochure de l'obligation U.S. Bancorp US91159HHS22 en USD 3.9%, échéance 25/04/2028

1 000 USD

850 000 000 USD

91159HHS2

A+ ( Qualité moyenne supérieure )

A2 ( Qualité moyenne supérieure )

26/04/2025 ( Dans 63 jours )

U.S. Bancorp est une société de services financiers multinationale américaine offrant une large gamme de produits et services bancaires aux particuliers, aux entreprises et aux institutions.

L'Obligation émise par U.S. Bancorp ( Etas-Unis ) , en USD, avec le code ISIN US91159HHS22, paye un coupon de 3.9% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 25/04/2028

L'Obligation émise par U.S. Bancorp ( Etas-Unis ) , en USD, avec le code ISIN US91159HHS22, a été notée A2 ( Qualité moyenne supérieure ) par l'agence de notation Moody's.

L'Obligation émise par U.S. Bancorp ( Etas-Unis ) , en USD, avec le code ISIN US91159HHS22, a été notée A+ ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

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CALCULATION OF REGISTRATION FEE

Maximum
Title of Each Class of
Aggregate
Amount of
Securities Offered

Offering Price
Registration Fee(1)
Senior Notes

$850,000,000

$105,825

(1)
Calculated in accordance with Rule 457(r) of the Securities Act of 1933.
Rule 424(b)(2)
Registration No. 333-217413
PRICING SUPPLEMENT NO. 3 DATED APRIL 24, 2018
TO PROSPECTUS DATED APRIL 21, 2017, AS SUPPLEMENTED BY
PROSPECTUS SUPPLEMENT DATED APRIL 21, 2017, AND
SUPPLEMENTAL TO THE OFFICERS' CERTIFICATE AND COMPANY ORDER DATED APRIL 21, 2017
U.S. BANCORP
Medium-Term Notes, Series X (Senior)
Medium-Term Notes, Series Y (Subordinated)

CUSIP No.:

91159HHS2
Issue Price (Dollar Amount and Percentage of Principal Amount):
Series:

Amount:

$847,696,500 / 99.729%
? ??Series X (Senior)

Proceeds to the Company:

$845,614,000
? ??Series Y (Subordinated)

Interest Rate/Initial Interest Rate:

3.900%
Form of Note:

Interest Payment Dates:
Semiannually, on the 26th of
? ??Book-Entry

April and October beginning
? ??Certificated

on October 26, 2018
Principal Amount:

$850,000,000
Regular Record Dates:
15 Calendar Days prior
to each Interest Payment Date
Trade Date:
April 24, 2018
Interest Determination Dates:

Original Issue Date:
April 26, 2018
Interest Reset Dates:

Redemption Date
March 24, 2028
Index Source:

Maturity Date:
April 26, 2028
Index Maturity:

Base Rate (and, if applicable, related Interest Periods):

Spread:

? ??Fixed Rate Note

? ??Commercial Paper Note

Spread Multiplier:

? ??Federal Funds Note

Maximum Interest Rate:

? ??Federal Funds (Effective) Rate

? ??Federal Funds Open Rate

Day Count:

30/360
? ??Federal Funds Target Rate

Minimum Interest Rate:

? ??LIBOR Note

? ??EURIBOR Note

For Original Issue Discount Notes:
? ??CDOR Note

Original Issue Discount %:

? ??Prime Rate Note

? ??CD Rate Note

Yield to Maturity:

? ??Treasury Rate Note

Original Issue Discount Notes:

? ??CMT Rate Note

? ??Reuters Page FRBCMT

? ??Subject to special provisions set forth therein with respect to the
? ??Reuters Page FEDCMT

principal amount thereof payable upon any redemption or
? ??One-Week ? One-Month

acceleration of the maturity thereof.
? ??Other Base Rate (as described below)

? ??For Federal income tax purposes only.
? ??Zero Coupon Note

Agent's Commission:

$2,082,500
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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 note.

Price to Public

Agents' Commissions or Discount

Proceeds to U.S. Bancorp
Per Note

99.729%

0.245%

99.484%
Total

$847,696,500

$2,082,500

$845,614,000

Agent

Principal Amount

U.S. Bancorp Investments, Inc.

$ 283,334,000
/s/ John C. Stern
(authorized officer)
Goldman Sachs & Co. LLC

$ 283,333,000
Morgan Stanley & Co. LLC

$ 283,333,000
/s/ Joseph M. Tessmer
(authorized officer)

Total

$ 850,000,000

Delivery Instructions: DTC # 0280
Conflicts of Interest. The issuer's affiliate, U.S. Bancorp

Investments, Inc., will be participating in sales of the notes. As such,
the offering is being conducted in compliance with the applicable
requirements of FINRA Rule 5121.
Notice to Canadian Investors. The notes are unsecured and are not
and will not be savings accounts, deposits, obligations of, or otherwise
guaranteed by, U.S. Bank National Association or any other bank. The
Notes do not evidence deposits of U.S. Bank National Association or
any other banking affiliate of the Issuer. The notes are not insured by
the Federal Deposit Insurance Corporation, the Canada Deposit
Insurance Corporation or any other insurer or governmental agency or
instrumentality. U.S. Bancorp is not regulated as a financial institution
in Canada. However, U.S. Bank National Association's Canada
branch is listed on Schedule III to the Bank Act (Canada) and is
subject to regulation by the Office of the Superintendent of Financial
Institutions (Canada). The notes may be sold only to purchasers
purchasing, or deemed to be purchasing, as principal that are
accredited investors, as defined in National Instrument 45-106
Prospectus Exemptions or subsection 73.3(1) of the Securities Act
(Ontario), and are permitted clients, as defined in National Instrument
31-103 Registration Requirements, Exemptions and Ongoing
Registrant Obligations. Any resale of the notes must be made in
accordance with an exemption from, or in a transaction not subject to,
the prospectus requirements of applicable securities laws.
Securities legislation in certain provinces or territories of Canada may
provide a purchaser with remedies for rescission or damages if the
prospectus (including any amendment thereto) contains a
misrepresentation, provided that the remedies for rescission or
damages are exercised by the purchaser within the time limit
prescribed by the securities legislation of the purchaser's province or
territory. The purchaser should refer to any applicable provisions of
the securities legislation of the purchaser's province or territory for
particulars of these rights or consult with a legal advisor.
Pursuant to section 3A.3 of National Instrument 33-105 Underwriting
Conflicts (NI 33-105), the underwriters are not required to comply
with the disclosure requirements of NI 33-105 regarding underwriter
conflicts of interest in connection with this offering.
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