U.S. Bancorp is offering senior unsecured medium-term notes that pay a fixed interest rate of 5.10% per annum and are expected to mature on March 6, 2041, unless redeemed earlier. Interest is paid annually in arrears each March 6, beginning March 6, 2027, using a 30/360 day count.
The notes are callable at U.S. Bancorp’s option at 100% of principal plus accrued interest on March 6, June 6, September 6 and December 6 of each year, from September 6, 2028 through December 6, 2040. They are issued in $1,000 minimum denominations at 100% of principal, with selling commissions of up to $40 per $1,000.
The notes are not deposits, are not insured by the FDIC, and all payments depend on U.S. Bancorp’s credit. They will not be listed on any exchange, and the issuer expects limited or no secondary market, so investors should be prepared to hold to maturity or early redemption.
U.S. Bancorp is offering senior unsecured medium‑term notes that pay a fixed interest rate of 5.00% per annum, priced at 100% of principal, with a minimum denomination of $1,000 per note.
The notes are expected to be issued on March 6, 2026 and to mature on March 6, 2041, paying interest annually on March 6 starting in 2027, using a 30/360 day count. U.S. Bancorp may, at its option, redeem all (but not part) of the notes at par plus accrued interest on March 6, June 6, September 6 and December 6 of each year from March 6, 2031 through December 6, 2040. The notes rank as senior unsecured obligations of U.S. Bancorp, are not insured by the FDIC, are not listed on any exchange and may have limited or no secondary market. Key risks highlighted include call risk and reinvestment risk, price sensitivity to interest rates and U.S. Bancorp’s creditworthiness, potential conflicts of interest with the affiliated distributor, and possible adverse tax law changes.
U.S. Bancorp is offering senior unsecured medium-term notes that pay fixed interest of 4.60% per year, maturing on an expected date of March 6, 2036. Investors receive annual interest on March 6, starting in 2027, and repayment of principal at maturity if the notes have not been redeemed earlier.
The notes are callable at U.S. Bancorp’s option at par plus accrued interest on March 6, June 6, September 6 and December 6 of each year from 2028 through 2035. This means investors face reinvestment risk if the issuer calls the notes when market rates are lower.
The notes are senior unsecured obligations of U.S. Bancorp, subject to its credit risk, and are not insured by the FDIC or any government agency. They will not be listed on any securities exchange, so liquidity may be limited and any secondary market price may be below the original purchase price.
US Bancorp vice chair Mark G. Runkel received a grant of 19,099 shares of common stock at no cost, raising his directly held stake to 116,827 shares. The award reflects performance-based restricted stock units tied to company results over a three-year period ending December 31, 2025.
The performance units, which made up 60% of his 2023 long-term incentive award, are scheduled to vest on March 2, 2026 and be settled in shares. Runkel also reports indirect holdings of 458 shares through a 401(k) plan and 2,846 shares held by a trust.
US Bancorp Vice Chair Jodi L. Richard reported acquiring 41,138 shares of US Bancorp common stock on February 11, 2026 at a price of $0.0000 per share, bringing her directly held stake to 247,790 shares.
The shares reflect performance-based restricted stock units from a 2023 long-term incentive award. These units represented 60% of the grant date fair market value of her 2023 long-term incentive compensation, granted on March 2, 2023. The number of units earned was determined on February 11, 2026 based on company performance against preset targets over a three-year period from January 1, 2023 to December 31, 2025, and are scheduled to vest on March 2, 2026.
US Bancorp President & CEO Gunjan Kedia reported an equity award tied to company performance. On February 11, 2026, she acquired 51,423 shares of US Bancorp common stock at a price of $0.0000 per share through a grant, award, or other acquisition.
The shares reflect performance-based restricted stock units from her 2023 long-term incentive award, determined by preset performance targets over the January 1, 2023 to December 31, 2025 period and scheduled to vest on March 2, 2026. Following this transaction, she directly owns 375,321 common shares.
US Bancorp Senior EVP and General Counsel James L. Chosy acquired 32,323 shares of common stock on a grant or award basis at a price of $0.0000 per share. Following this award, he directly beneficially owns 254,198 US Bancorp common shares.
The award reflects performance-based restricted stock units from his 2023 long-term incentive plan. These units, which represented 60% of the grant date fair market value of that 2023 award, cover a three-year performance period from January 1, 2023 to December 31, 2025. The number of units earned, and eligible to be settled in shares, was determined on February 11, 2026 based on preset performance targets and is scheduled to vest on March 2, 2026.
US Bancorp Executive Chairman Andrew Cecere reported an equity award tied to long-term performance. On February 11, 2026, he acquired 154,269 shares of US Bancorp common stock at $0.0000 per share through a grant, increasing his directly held stake to 1,514,683 shares.
The acquired shares relate to performance-based restricted stock units that made up 60% of his 2023 long-term incentive award. The number of units earned was set on February 11, 2026 based on company performance from January 1, 2023 to December 31, 2025, and they vest on March 2, 2026. He also reports 15,155 shares held through a 401(k) plan and 341 shares held by a trust.
US Bancorp Senior EVP and Chief HR Officer Elcio R.T. Barcelos acquired 32,323 shares of common stock through a performance-based stock award. The shares were granted on February 11, 2026 at a price of $0.0000 per share, increasing his directly held stake to 119,404 shares.
The award reflects performance-based restricted stock units that vest on March 2, 2026. These units represented 60% of the grant date fair market value of his 2023 long-term incentive award, with the final number earned based on company performance from January 1, 2023 to December 31, 2025.
US Bancorp executive Souheil Badran reported an equity award. On February 11, 2026, he acquired 34,526 shares of US Bancorp common stock at $0.0000 per share through a grant classified as a performance-based restricted stock unit award. Following this transaction, he directly owns 105,395 shares. The units vest on March 2, 2026, with the earned amount determined by company performance over the January 1, 2023 to December 31, 2025 period and include shares acquired through dividend reinvestment.