US BANCORP \DE\ — Regulatory Filings 2010

Mar 4, 2010

424B2 1 c56758e424b2.htm 424B2 e424b2 PAGEBREAK

Filed Pursuant to Rule 424(b)(2) Registration No. 333-150298

CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered	Maximum Aggregate Offering Price	Amount of Registration Fee (1)
Senior Notes	$ 250,000,000	$ 17,825

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933.

PRICING SUPPLEMENT DATED MARCH 3, 2010 TO PROSPECTUS DATED APRIL 17, 2008, AS SUPPLEMENTED BY PROSPECTUS SUPPLEMENT DATED APRIL 25, 2008, AND SUPPLEMENTAL TO THE OFFICERS’ CERTIFICATE AND COMPANY ORDER DATED APRIL 25, 2008

U.S. BANCORP Medium-Term Notes, Series R (Senior) Medium-Term Notes, Series S (Subordinated)

CUSIP No.:	91159HGV6
Series:
þ Series R (Senior)
o Series S (Subordinated)
Form of Note:
þ Book-Entry
o Certificated
Principal Amount:	$250,000,000
Trade Date:	March 3, 2010
Original Issue Date:	March 8, 2010
Maturity Date:	April 1, 2015
Base Rate (and, if applicable, related Interest
Periods):
þ Fixed Rate Note
o Commercial Paper Note
o Federal Funds Note
o LIBOR Note
o EURIBOR Note
o Prime Rate Note
o CD Rate Note
o Treasury Rate Note
o CMT Rate Note
o Other Base Rate
o Zero Coupon Note
Agent’s Commission:	$347,500.00

Redemption Terms:

Other Terms : U.S. Bancorp Investments, Inc. (“USBII”), a joint bookrunner for this offering, is our wholly-owned subsidiary. USBII will conduct this offering in compliance with the requirements of NASD Rule 2720 of the Financial Industry Regulatory Authority, which is commonly referred to as FINRA, regarding a FINRA member firm’s distribution of the securities of an affiliate. In accordance with NASD Rule 2720, USBII may not make sales in this offering to any of its discretionary accounts without the prior written approval of the customer. Following the initial distribution of any of these Securities, USBII may offer and sell those Securities in the course of its business as a broker-dealer. USBII may act as principal or agent in those transactions and will make any sales at varying prices related to prevailing market prices at the time of sale or otherwise. USBII may use this Pricing Supplement and the accompanying Prospectus and Prospectus Supplement in connection with any of those transactions. USBII is not obligated to make a market in any of these Securities and may discontinue any market-making activities at any time without notice.

Name of Agent and Delivery Instructions:

Credit Suisse, Morgan Stanley, and U.S. Bancorp Investments, Inc.

DTC #050

Issue Price (Dollar Amount and Percentage of Principal Amount):

Amount:	$249,797,500 / 99.919%
Net Proceeds to the Company:	$249,450,000
Interest Rate/Initial Interest Rate:	3.125%
Interest Payment Dates:	April 1 and October 1,
	beginning October 1, 2010
Regular Record Date:	15 Calendar Days prior to
	each Interest Payment Date
Interest Determination Date:
Interest Reset Date:
Index Source:
Index Maturity:
Spread:
Spread Multiplier:
Maximum Interest Rate:
Day Count:	30/360
Minimum Interest Rate:
For Original Issue Discount Notes:
Original Issue Discount %:
Yield to Maturity:
Original Issue Discount Notes:

| o | Subject to special provisions set forth therein with respect to the
principal amount thereof payable upon any redemption or acceleration of
the maturity thereof. |
| --- | --- |
| o | For Federal income tax purposes only. |

/s/ John C. Stern (authorized officer)

/s/ Kenneth D. Nelson (authorized officer)

Folio /Folio