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Name | Symbol | Market | Type |
---|---|---|---|
US Bancorp | NYSE:USB-M | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 24.99 | 0 | 01:00:00 |
Filed Pursuant to Rule 433
Registration No. 333-237082
February 2, 2022
February 2, 2022
Final Term Sheet
Depositary Shares Each Representing a 1/1,000th Interest
in a Share of 4.50% Series O Non-Cumulative Perpetual Preferred Stock
This final term sheet supplements the information set forth in the issuer’s preliminary prospectus supplement, dated February 2, 2022, and the prospectus, dated March 11, 2020.
Underwriting Discount: | Approximately $0.7524 per depositary share |
Net Proceeds (before
expenses) to Issuer: |
$436,456,562.50 ($484,881,562.50 if the underwriters exercise their option to purchase additional depositary shares in full) |
Joint Book-Running Managers: |
Morgan Stanley & Co. LLC U.S. Bancorp Investments, Inc. BofA Securities, Inc. Goldman Sachs & Co. LLC RBC Capital Markets, LLC UBS Securities LLC Wells Fargo Securities, LLC |
Co-Managers: |
Citigroup Global Markets Inc. InspereX LLC Stifel, Nicolaus & Company, Incorporated TD Securities (USA) LLC AmeriVet Securities, Inc. Cabrera Capital Markets LLC CastleOak Securities, L.P. Great Pacific Securities Loop Capital Markets LLC R. Seelaus & Co., LLC |
Listing: |
Application will be made to list the depositary shares on the New York Stock Exchange under the symbol “USB PrS”. |
CUSIP / ISIN: | 902973668 / US9029736686 |
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer expects that delivery of the depositary shares will be made against payment therefor on or about February 9, 2022 which is the fifth business day following the date of this final term sheet (such settlement being referred to as “T+5”). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the depositary shares prior to the second business day before delivery of the depositary shares will be required, by virtue of the fact that the depositary shares initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement.
This communication is intended for the sole use of the person to whom it is provided by the issuer. The issuer has filed a registration statement, including a prospectus, with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Morgan Stanley & Co. LLC at 1-866-718-1649, U.S. Bancorp Investments, Inc. at 1-877-558-2607, BofA Securities, Inc. at 1-800-294-1322, Goldman Sachs & Co. LLC at 1-866-471-2526, RBC Capital Markets, LLC at 1-866-375-6829, UBS Securities LLC at 1- 888-827-7275 and Wells Fargo Securities, LLC at 1-800-645-3751.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.
1 Year US Bancorp Chart |
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