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US BANCORP \DE\ — Prospectus 2012
May 4, 2012
29924_prs_2012-05-04_3ed140d1-b745-4e71-9e3b-2d5f1168bfad.zip
Prospectus
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424B2 1 d347510d424b2.htm PRICING SUPPLEMENT Pricing Supplement
CALCULATION OF REGISTRATION FEE
| Title of Each Class of Securities Offered | Maximum Aggregate Offering Price | Amount of Registration Fee (1) |
|---|---|---|
| Senior Notes | $1,250,000,000 | $143,250 |
(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933.
Rule 424(b)(2)
Registration No. 333-173636
PRICING SUPPLEMENT TO PROSPECTUS DATED APRIL 21, 2011, AS SUPPLEMENTED BY
PROSPECTUS SUPPLEMENT DATED APRIL 21, 2011, AND
SUPPLEMENTAL TO THE OFFICERS CERTIFICATE AND COMPANY ORDER DATED APRIL 21, 2011
NO. 4 DATED MAY 3, 2012
U.S. BANCORP
Medium-Term Notes, Series T (Senior)
Medium-Term Notes, Series U (Subordinated)
| CUSIP No.: | 91159HHD5 |
|---|---|
| Series: | |
| x Series T | |
| (Senior) | |
| ¨ Series U | |
| (Subordinated) | |
| Form of Note: | |
| x Book-Entry | |
| ¨ Certificated | |
| Principal Amount: | $1,250,000,000 |
| Trade Date: | May 3, 2012 |
| Original Issue Date: | May 8, 2012 |
| Maturity Date: | May 15, 2017 |
| Base Rate (and, if applicable, related Interest Periods): | |
| x Fixed Rate | |
| Note | |
| ¨ Commercial Paper | |
| Note | |
| ¨ Federal Funds | |
| Note | |
| ¨ Federal Funds (Effective) | |
| Rate | |
| ¨ Federal Funds Open Rate | |
| ¨ Federal Funds Target Rate | |
| ¨ LIBOR | |
| Note | |
| ¨ EURIBOR | |
| Note | |
| ¨ Prime Rate | |
| Note | |
| ¨ CD Rate | |
| Note | |
| ¨ Treasury Rate | |
| Note | |
| ¨ CMT Rate | |
| Note | |
| ¨ Reuters Page FRBCMT | |
| ¨ Reuters Page FEDCMT | |
| ¨ One-Week ¨ One-Month | |
| ¨ Other Base Rate (as | |
| described below) | |
| ¨ Zero Coupon | |
| Note | |
| Agents Commission: | $1,800,000 |
| Redemption Date: | April 15, 2017 |
| Redemption Terms: Redeemable in whole or in part on or after the Redemption Date at 100% of the principal amount of the notes (par), plus accrued and unpaid | |
| interest thereon to the date of redemption. U.S. Bancorp shall provide 10 to 60 calendar days notice of redemption to the registered holder of the note. |
| Issue Price (Dollar Amount and Percentage of Principal Amount): | |
|---|---|
| Amount: | $1,247,662,500 / 99.813% |
| Proceeds to the Company: | $1,245,862,500 |
| Interest Rate/Initial Interest Rate: | 1.65% |
| Interest Payment Dates: | May 15 and November 15, beginning November 15, 2012 |
| Regular Record Dates: | 15 Calendar Days prior to each Interest Payment Date |
| Interest Determination Dates: | |
| Interest Reset Dates: | |
| 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: | |
| ¨ Subject to special | |
| provisions set forth therein with respect to the principal amount thereof payable upon any redemption or acceleration of the maturity thereof. | |
| ¨ For Federal income tax | |
| purposes only. |
| Price to Public | Agents Commissions or Discount | Proceeds to U.S. Bancorp | |
|---|---|---|---|
| Per Note | 99.813% | 0.144% | 99.669% |
| Total | $1,247,662,500 | $1,800,000 | $1,245,862,500 |
| Agent | Principal Amount | |
|---|---|---|
| Barclays Capital Inc. | $416,666,000 | /s/ Kenneth D. |
| Nelson (authorized officer) | ||
| Deutsche Bank Securities Inc. | $416,666,000 | |
| U.S. Bancorp Investments, Inc. | $416,668,000 | /s/ John C. |
| Stern (authorized officer) | ||
| Total | $1,250,000,000 |
Delivery Instructions: DTC # 0280