Company: USB-PA
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001193125-25-033179
Chunk: 16

Company: US BANCORP \DE\
Filing Date: 2025-02-24
Form: 424B2
Chunk 16
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.U. Central Securities Depositaries Regulation, trades in the secondary market generally are required to settle in two London business days unless the parties to a trade expressly agree otherwise. Also, under Rule 15c6-1 ofthe Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one New York business day, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the first or second business day, as applicable, prior to February 28, 2025 will be required to specify alternative settlement arrangements to prevent a failed settlement. The Notes constitute a further issuance of our Existing Notes. The outstanding 4.009% Fixed-to-Floating Rate Notes due 2032 are listed on the NYSE under the symbol “USB/32.” Although we intend to apply to list the Notes on the NYSE under the same symbol, the listing application will be subject to approval by the NYSE and no assurance can be given that we will be able to list the Notes. Even if the Notes are listed, no assurance can be given that an active trading market for the Notes will develop or be maintained. If an active trading market does not develop or is not maintained for the Notes, noteholders may not be able to resell them at all or at prices acceptable to them. The agents may from time to time make a market in the Notes but are not obligated to do so and may cease at any time. Neither we nor the agents can assure you that any trading market for the Notes will develop, continue or be liquid. In connection with the issue of the Notes, UBS AG London Branch (in this capacity, the “Stabilizing Manager”) (or any person acting on its behalf) may over-allot Notes or effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail. However, stabilization action may not necessarily occur. Any stabilization action may begin on or after the date on which adequate public disclosure of the final terms of the offer of the Notes is made, and, if begun, may cease at any time, but it must end no later than the earlier of 30 days after the issue of the Notes and 60 days after the date of the allotment of the Notes. Any stabilization action or over-allotment commenced will be carried out in accordance with applicable laws and regulations. Any stabilization action may have the effect of preventing or retarding a decline in the market