National Rural Utilities CFC (NRUC) prices $250K note due Mar 15, 2027

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation priced a Medium-Term Note offering of $250,000 with an issue price of 100%. The notes bear interest at 3.64% per annum, have an original issue date of March 15, 2026 and mature on March 15, 2027.

The pricing supplement lists semiannual interest payments on January 15 and July 15, regular record dates of January 1 and July 1, no agent commission, and no scheduled redemption date.

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			March 11, 2026
Pricing Supplement No.			10490
Pricing Supplement Date			March 11, 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			March 15, 2026
Maturity Date			March 15, 2027
Interest Rate			3.64% 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.

FAQ

What are the key economics of NRUC's Medium-Term Note?

The note is for $250,000 at an issue price of 100% with a fixed interest rate of 3.64% per annum. It was issued on March 15, 2026 and matures on March 15, 2027 with semiannual payments.

When does NRUC pay interest and what are the record dates?

Interest is paid semiannually on January 15 and July 15. Regular record dates are January 1 and July 1, which determine holders entitled to those interest payments.

Is there any early redemption or agent commission for the NRUC note?

The pricing supplement specifies no redemption date and lists no agents commission. The document does not describe any call or put features for early redemption.

What legal opinion accompanies NRUC's Medium-Term Note issuance?

Counsel Hogan Lovells US LLP opines the notes will be valid and binding obligations of the issuer, subject to applicable bankruptcy and equity law and based on District of Columbia and New York law.

What are the exact issue and maturity dates for NRUC's note?

The note's original issue date is March 15, 2026 and the maturity date is March 15, 2027, reflecting a one-year term from issuance to maturity.