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  4. [424B3] NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ Prospectus Filed Pursuant to Rule 424(b)(3)

NRUC (NRUC) prices $416,000 Medium‑Term Notes, 3.78% coupon, Mar 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION offers $416,000 principal amount of Medium‑Term Notes, Series D under a pricing supplement dated May 12, 2026. The notes price at 100% of principal, carry a 3.78% annual interest rate, and mature on March 15, 2027.

The notes bear semiannual interest payments each January 15 and July 15, with record dates each January 1 and July 1. The original issue date is May 15, 2026.

Positive

  • None.

Negative

  • None.

Insights

Short‑term fixed‑rate medium‑term note issuance at par.

The excerpt shows a $416,000 issuance of Medium‑Term Notes priced at 100% of principal with an annual coupon of 3.78% and maturity on March 15, 2027. The pricing supplement identifies standard payment and record dates.

Cash‑flow treatment to/from the issuer and distribution methods are not detailed in the provided excerpt. The legal opinion notes enforceability is subject to customary insolvency and equitable defenses.

Standard legal validation with typical enforceability qualifiers.

Counsel opinion from Hogan Lovells US LLP states the notes will be valid obligations following receipt of consideration and proper issuance, subject to bankruptcy, insolvency and equitable principles. The opinion cites the District of Columbia General Cooperative Association Act and New York law.

Investors should note the opinion’s customary qualifiers; specific transfer, distribution, or underwriting terms are not included in the excerpt.

Principal Amount $416,000 Principal amount of Medium‑Term Notes, Series D
Issue Price 100% of Principal Amount Issue price as stated in pricing supplement
Interest Rate 3.78% per annum Fixed annual coupon on the notes
Original Issue Date May 15, 2026 Date notes are originally issued
Maturity Date March 15, 2027 Stated maturity of the notes
Interest Payment Dates January 15 and July 15 Semiannual interest payment schedule
Pricing Supplement financial
"Pricing Supplement Date | May 12, 2026 Pricing Supplement No."
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.
Medium‑Term Notes financial
"Medium-Term Notes, Series D Due Nine Months or More from Date of Issue"
Issue Price financial
"Issue Price | 100% of Principal Amount"
The issue price is the amount of money investors pay to buy a new security, such as a stock or bond, when it is first offered to the public. It matters to investors because it determines their initial cost and potential future gains or losses, similar to paying a set price for a new product before it hits stores. The issue price helps establish the value of the security at the start of its trading life.
Record Dates regulatory
"Regular Record Dates | Each January 1 and July 1"
A record date is the specific day a company uses as a snapshot to determine which shareholders are officially entitled to a corporate action — for example receiving a dividend, voting at a meeting, or getting rights in an offering. Think of it like a classroom roll call: only the people listed at that moment qualify, so investors must own shares before related cutoff dates to be included, making it important for timing trades and income planning.
Offering Type other

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

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FAQ

What securities did NRUC (NRUC) register in this pricing supplement?
The pricing supplement registers Medium‑Term Notes, Series D with a principal amount of $416,000. The notes are issued under the base prospectus dated October 24, 2023 and the prospectus supplement dated October 27, 2023.

What are the key economic terms of the NRUC notes?
The notes carry a 3.78% annual interest rate, are issued at 100% of principal, have an original issue date of May 15, 2026, and mature on March 15, 2027 with semiannual payments.

When will NRUC pay interest and who is the record date?
Interest payments occur each January 15 and July 15. Regular record dates for interest are each January 1 and July 1, as stated in the pricing supplement for these notes.

Is there a scheduled redemption date for NRUC Series D notes?
The pricing supplement states Redemption Date: None for these notes, indicating no scheduled redemption date is listed in the provided excerpt.


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 DateMay 12, 2026
Pricing Supplement No. 10567
Pricing Supplement DateMay 12, 2026
Prospectus Supplement DateOctober 27, 2023
Base Prospectus DateOctober 24, 2023
Principal Amount$416,000.00
Issue Price100% of Principal Amount
Original Issue DateMay 15, 2026
Maturity DateMarch 15, 2027
Interest Rate3.78% per annum
Regular Record DatesEach January 1 and July 1
Interest Payment DatesEach January 15 and July 15
Redemption DateNone
Agents Commission None
Form of Note: (Book-Entry or Certificated)
Certificated
Other TermsNone
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.

Source: View Original Filing on SEC EDGAR