U.S. Bancorp issues C$1B in senior notes due 2032

Q: How much debt did USB issue, and when does it mature?

U.S. Bancorp issued C$1,000,000,000 of senior notes on November 5, 2026. They are due November 5, 2032.

Q: What rate do USB’s new senior notes carry?

They are 4.422% Fixed-to-Floating Rate Senior Notes, designated Medium-Term Notes, Series EE (Senior), and due November 5, 2032.

The debt was issued under U.S. Bancorp’s registration statement, which became automatically effective upon filing on March 9, 2026.

Available on EDGAR 11/05/2026 - 04:16 PM EST Accepted by SEC EDGAR 11/05/2026 - 04:15 PM EST

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Filing Sentiment

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Form Type

8-K

Rhea-AI Filing Summary

U.S. Bancorp (USB) issued C$1,000,000,000 of 4.422% Fixed-to-Floating Rate Senior Notes due November 5, 2032. The notes constitute Medium-Term Notes, Series EE (Senior), and were registered under a Form S-3 registration statement that became automatically effective upon filing on March 9, 2026.

8-K Event Classification

Item 9.01 — Financial Statements and Exhibits

1 item

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Notes issued: C$1,000,000,000 Fixed-to-floating rate: 4.422% Maturity date: November 5, 2032

3 metrics

Notes issued C$1,000,000,000 Issued November 5, 2026

Fixed-to-floating rate 4.422% Senior notes

Maturity date November 5, 2032 Senior notes

Key Terms

Fixed-to-Floating Rate, Senior Notes, Medium-Term Notes, automatically effective

4 terms

Fixed-to-Floating Rate financial

"4.422% Fixed-to-Floating Rate Senior Notes"

A fixed-to-floating rate is a type of loan or investment that starts with a fixed interest rate for a certain period, meaning the payments stay the same, then switches to a variable rate that can change over time based on market conditions. This matters because it offers the stability of fixed payments initially, but also the flexibility to benefit if interest rates drop later.

Senior Notes financial

"4.422% Fixed-to-Floating Rate Senior Notes"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

Medium-Term Notes financial

"constituting Medium-Term Notes, Series EE (Senior)"

Medium-term notes are debt securities issued by companies, banks or governments that promise to pay interest and return principal at a set date a few years out—typically longer than short-term bills but shorter than long-term bonds. For investors they act like staggered IOUs that provide predictable income and help diversify holdings, but they carry credit and interest-rate risk and can affect a portfolio’s cash flow and stability depending on the issuer’s creditworthiness and the note’s term.

automatically effective regulatory

"became automatically effective upon filing"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much debt did USB issue, and when does it mature?

U.S. Bancorp issued C$1,000,000,000 of senior notes on November 5, 2026. They are due November 5, 2032.

What rate do USB’s new senior notes carry?

They are 4.422% Fixed-to-Floating Rate Senior Notes, designated Medium-Term Notes, Series EE (Senior), and due November 5, 2032.

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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 5, 2026

U.S. BANCORP

(Exact name of registrant as specified in its charter)

1-6880

(Commission File Number)

Delaware

41-0255900

(State or other jurisdiction

of incorporation)

(I.R.S. Employer

Identification Number)

200 S. Sixth St.

Minneapolis, Minnesota 55402

(Address of principal executive offices and zip code)

(651) 466-3000

(Registrant’s telephone number, including area code)

(not applicable)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading symbol	Name of each exchange on which registered
Common Stock, $.01 par value per share	USB	New York Stock Exchange
Depositary Shares (each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00)	USB PrA	New York Stock Exchange
Depositary Shares (each representing 1/1,000th interest in a share of Series B Non-Cumulative Perpetual Preferred Stock, par value $1.00)	USB PrH	New York Stock Exchange
Depositary Shares (each representing 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred Stock, par value $1.00)	USB PrP	New York Stock Exchange
Depositary Shares (each representing 1/1,000th interest in a share of Series L Non-Cumulative Perpetual Preferred Stock, par value $1.00)	USB PrQ	New York Stock Exchange
Depositary Shares (each representing 1/1,000th interest in a share of Series M Non-Cumulative Perpetual Preferred Stock, par value $1.00)	USB PrR	New York Stock Exchange
Depositary Shares (each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock, par value $1.00)	USB PrS	New York Stock Exchange
Floating Rate Notes, Series CC (Senior), due May 21, 2028	USB/28	New York Stock Exchange
4.009% Fixed-to-Floating Rate Notes, Series CC (Senior), due May 21, 2032	USB/32	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 9.01.

Financial Statements and Exhibits.

Exhibits are filed herewith in connection with the issuance by U.S. Bancorp on November 5, 2026, of C$1,000,000,000 4.422% Fixed-to-Floating Rate Senior Notes due November 5, 2032, constituting Medium-Term Notes, Series EE (Senior), which were registered pursuant to a registration statement on Form S-3 (SEC File No. 333-294133), which became automatically effective upon filing on March 9, 2026.


(d)		Exhibits.

4.1		Form of 4.422% Fixed-to-Floating Rate Senior Notes due November 5, 2032

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 5, 2026


U.S. Bancorp

By:		/s/ James L. Chosy
		James L. Chosy
		Senior Executive Vice President and General Counsel

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

U.S. Bancorp issues C$1B in senior notes due 2032

Rhea-AI Filing Summary

8-K Event Classification

Key Figures

Key Terms

FAQ

How much debt did USB issue, and when does it mature?

What rate do USB’s new senior notes carry?

Filing Exhibits & Attachments

Other Documents

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