NRUC (NRUC) prices $125K note at 3.83%, matures Apr 15, 2027

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation priced a single medium-term note offering of $125,000 principal at 100% of par. The notes carry a 3.83% per annum interest rate, have an original issue date of May 15, 2026 and mature on April 15, 2027. Trade and pricing information is shown on May 12, 2026, with semiannual interest payments on January 15 and July 15 and regular record dates of January 1 and July 1. The pricing supplement states no agents' commission and no stated redemption date.

Insights

Debt Capital Markets Analyst

Pricing shows a short-term, fixed-rate issuance at par for liquidity or funding needs.

The issuance is a single $125,000 medium-term note maturing April 15, 2027 with a 3.83% coupon and semiannual payments. The pricing supplement lists issue price 100% and no agents' commission, indicating placement terms at par.

Cash‑flow treatment to the issuer is not detailed beyond the stated principal and issue price; subsequent filings may show how proceeds are recorded. Legal opinion language cites governing law and standard creditor-law exceptions.

Securities Counsel (Debt Instruments)

Standard counsel opinion attests validity subject to bankruptcy and equitable defenses.

Counsel from Hogan Lovells US LLP delivers an opinion that, following receipt of consideration and proper execution, the notes will be valid obligations, qualified by bankruptcy, insolvency and equitable principles. The opinion cites the District of Columbia General Cooperative Association Act of 2010 and New York law.

Investors should note the opinion preserves usual legal defenses; no additional covenants or remedies are described in the provided excerpt.

Key Figures

Principal Amount: $125,000 Issue Price: 100% of Principal Amount Interest Rate: 3.83% per annum +3 more

6 metrics

Principal Amount $125,000 Principal Amount per pricing supplement

Issue Price 100% of Principal Amount Pricing Supplement Date <date>May 12, 2026</date>

Interest Rate 3.83% per annum Stated coupon for the note

Original Issue Date May 15, 2026 Original Issue Date shown in table

Maturity Date April 15, 2027 Maturity date in pricing supplement

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

Key Terms

Pricing Supplement, Medium‑Term Notes, Agents Commission, Counsel Opinion

4 terms

Pricing Supplement regulatory

"Pricing Supplement Date | May 12, 2026 Prospectus Supplement Date"

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"

Agents Commission financial

"Agents Commission | None Form of"

Counsel Opinion legal

"In the opinion of Hogan Lovells US LLP, as counsel to the Company"

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			May 12, 2026
Pricing Supplement No.			10561
Pricing Supplement Date			May 12, 2026
Prospectus Supplement Date			October 27, 2023
Base Prospectus Date			October 24, 2023
Principal Amount			$125,000.00
Issue Price			100% of Principal Amount
Original Issue Date			May 15, 2026
Maturity Date			April 15, 2027
Interest Rate			3.83% 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 terms of NRUC's medium-term note?

The note is for $125,000 principal at 100% of par, with a 3.83% annual coupon, issued on May 15, 2026 and maturing April 15, 2027. Interest pays semiannually on January 15 and July 15.

When was NRUC's note priced and what is the trade date?

The pricing supplement and trade date are both shown as May 12, 2026. The document lists the original issue date as May 15, 2026 for settlement and issuance.

Does the pricing supplement show any dealer commission for this NRUC issuance?

The pricing supplement states No agents' commission. The excerpt lists Agents Commission: None alongside the issue price and principal amount.

What governing law and legal opinion apply to the NRUC notes?

Counsel's opinion references the District of Columbia General Cooperative Association Act of 2010 and the laws of the State of New York, with standard qualifiers for bankruptcy, insolvency, and equitable defenses.