Filed Pursuant to Rule 424(b)(2)

Registration No. 333-173636

 

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of

Maximum Aggregate

Amount of Registration

Securities Offered

Offering Price

Fee(1)

Senior Notes

$1,000,000,000

$128,800

 

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933.

 



 

PRICING SUPPLEMENT TO PROSPECTUS DATED APRIL 21, 2011, AS SUPPLEMENTED BY
PROSPECTUS SUPPLEMENT DATED APRIL 21, 2011, AND
SUPPLEMENTAL TO THE OFFICERS’ CERTIFICATE AND COMPANY ORDER DATED APRIL 21, 2011

NO. 6 DATED NOVEMBER 4, 2013

 

U.S. BANCORP
Medium-Term Notes, Series T (Senior)
Medium-Term Notes, Series U (Subordinated)

 

CUSIP No.:

91159HHE3

 

Issue Price (Dollar Amount and Percentage of Principal Amount):

Series:

 

 

Amount:

$998,760,000 / 99.876%

x    Series T (Senior)

 

 

Proceeds to the Company:

$997,340,000

£    Series U (Subordinated)

 

 

 

 

Form of Note:

 

 

Interest Rate/Initial Interest Rate:

1.95%

 

x    Book-Entry

£    Certificated

 

 

Interest Payment Dates:

May 15 and November 15, beginning May 15, 2014

Principal Amount:

$1,000,000,000

 

Regular Record Dates:

15 Calendar Days prior to each Interest Payment Date

Trade Date:

November 4, 2013

 

Interest Determination Dates:

 

Original Issue Date:

November 7, 2013

 

Interest Reset Dates:

 

Maturity Date:

November 15, 2018

 

Index Source:

 

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

 

Index Maturity:

 

x    Fixed Rate Note

 

 

Spread:

 

£    Commercial Paper Note

 

 

 

 

£    Federal Funds Note

 

 

Spread Multiplier:

 

£    Federal Funds (Effective) Rate

 

 

 

£    Federal Funds Open Rate

 

Maximum Interest Rate:

 

£    Federal Funds Target Rate

 

 

 

£    LIBOR Note

 

 

Day Count:

30/360

£    EURIBOR Note

 

 

 

 

£    Prime Rate Note

 

 

Minimum Interest Rate:

 

£    CD Rate Note

 

 

 

 

£    Treasury Rate Note

 

 

For Original Issue Discount Notes:

 

£    CMT Rate Note

 

 

 

 

£    Reuters Page FRBCMT

 

 

Original Issue Discount %:

 

£    Reuters Page FEDCMT

 

 

 

 

£  One-Week £  One-Month

 

Yield to Maturity:

 

£    Other Base Rate (as described below)

 

 

 

£    Zero Coupon Note

 

 

Original Issue Discount Notes:

 

Agent’s Commission:

$1,420,000

 

£    Subject to special provisions set forth therein with respect to the principal amount thereof payable upon any redemption or acceleration of the maturity thereof.

Redemption Date:

October 15, 2018

 

 

 

 

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.

 

£    For Federal income tax purposes only.

 

 

 

 

Price to Public

 

Agents’ Commissions or Discount

 

Proceeds to U.S. Bancorp

Per Note

 

99.876%

 

0.142%

 

99.734%

Total

 

$998,760,000

 

$1,420,000

 

$997,340,000

 

Agent

Principal Amount

 

 

Morgan Stanley & Co. LLC

$333,333,000

 

/s/ John C. Stern                                            (authorized officer)

Deutsche Bank Securities Inc.

$333,333,000

 

 

U.S. Bancorp Investments, Inc.

$333,334,000

 

/s/ Joseph M. Tessmer                                   (authorized officer)

Total

$1,000,000,000

 

 

 

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 as principal that are both “accredited investors” as defined in National Instrument 45-106 Prospectus and Registration Exemptions and “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 the prospectus requirements and in compliance with the registration requirements of applicable securities laws.