NRUC (NRUC) prices $250K note due Feb 15, 2027 at 3.72%

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation priced a $250,000 Medium‑Term Note due February 15, 2027. The pricing supplement dated April 10, 2026 shows an original issue date of April 15, 2026, an issue price of 100% and an interest rate of 3.72% per annum. Interest payments are scheduled each January 15 and July 15 with regular record dates of January 1 and July 1.

Key Figures

Principal Amount: $250,000 Issue Price: 100% of Principal Amount Interest Rate: 3.72% per annum +3 more

6 metrics

Principal Amount $250,000 Principal Amount as stated on pricing supplement

Issue Price 100% of Principal Amount Issue Price shown on pricing supplement

Interest Rate 3.72% per annum Coupon rate for the note

Original Issue Date April 15, 2026 Original issue date listed in the supplement

Maturity Date February 15, 2027 Maturity date for the medium-term note

Interest Payment Dates January 15 and July 15 Semiannual interest payment schedule

Key Terms

Medium‑Term Notes, Pricing Supplement, Indenture

3 terms

Medium‑Term Notes financial

"Medium-Term Notes, Series D Due Nine Months or More from Date of Issue"

Pricing Supplement regulatory

"Pricing Supplement Date | April 10, 2026"

A pricing supplement is a short, final document that gives the exact terms of a new securities offering—such as the price, interest rate, size and settlement date—building on the broader prospectus. Think of it as the day’s receipt that turns a general menu into the specific order; investors use it to see the concrete deal terms that determine value, yield and whether to buy.

Indenture legal

"issuance and delivery of the notes pursuant to the terms of the indenture"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/13/2026 - 12:53 PM Learn about SEC filing dates

FAQ

What did NRUC price in this 424B3 filing?

NRUC priced a $250,000 medium‑term note. The pricing supplement dated April 10, 2026 shows an original issue date of April 15, 2026, an issue price of 100% and an interest rate of 3.72% per annum.

When does the NRUC note mature and how are interest payments scheduled?

The note matures on February 15, 2027. Interest is payable each January 15 and July 15 with regular record dates of January 1 and July 1. The pricing supplement specifies no redemption date.

What is the issue price and principal amount for NRUC's offering?

The principal amount is $250,000 and the issue price is 100% of principal. These terms are shown on the pricing supplement dated April 10, 2026 and on the prospectus supplement dated October 27, 2023.

Does the filing include a legal opinion about the notes' validity?

Yes. Hogan Lovells US LLP provided an opinion on validity. The opinion states the notes will be valid and binding obligations subject to bankruptcy and other laws and is based on District of Columbia and New York law as currently in effect.

Rule 424 (b) (3)

Registration No.: 333-275151

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

Medium-Term Notes, Series D

Due Nine Months or More from Date of Issue

Trade Date			April 10, 2026
Pricing Supplement No.			10544
Pricing Supplement Date			April 10, 2026
Prospectus Supplement Date			October 27, 2023
Base Prospectus Date			October 24, 2023
Principal Amount			$250,000.00
Issue Price			100% of Principal Amount
Original Issue Date			April 15, 2026
Maturity Date			February 15, 2027
Interest Rate			3.72% per annum
Regular Record Dates			Each January 1 and July 1
Interest Payment Dates			Each January 15 and July 15
Redemption Date			None
Agents Commission			None
Form of Note: (Book-Entry or Certificated)			Certificated
Other Terms			None
Medium-Term Notes, Series D may be issued by the Company in an unlimited aggregate principal amount.

Validity of the Medium-Term Note

In the opinion of Hogan Lovells US LLP, as counsel to the Company, following (i) receipt by the Company of the consideration for the notes specified in applicable resolutions of the board of directors of the Company and (ii) the due execution, authentication, issuance and delivery of the notes pursuant to the terms of the indenture and the applicable underwriting, agency or distribution agreement against payment therefor, the notes offered by this pricing supplement will constitute valid and binding obligations of the Company, subject to the effect of (a) bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting creditors’ rights and remedies (including, without limitation, the effect of statutory and other law regarding fraudulent conveyances and fraudulent, preferential or voidable transfers), and (b) 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), including, without limitation, principles limiting the availability of specific performance and injunctive relief.

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 General Cooperative Association Act of 2010 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 October 27, 2023, which has been filed as an exhibit to a Current Report on Form 8-K by the Company on October 27, 2023.