Company: USB-PA
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001193125-25-033179
Chunk: 4

Company: US BANCORP \DE\
Filing Date: 2025-02-24
Form: 424B2
Chunk 4
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Y OCCUR. ANY STABILIZATION ACTION MAY BEGIN ON OR AFTER THE DATE ON WHICH ADEQUATE PUBLIC DISCLOSURE OF THE 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 DATE OF THE NOTES AND 60 DAYS AFTER THE DATE OF THE ALLOTMENT OF THE NOTES. ANY STABILIZATION ACTION OR OVER-ALLOTMENT MUST BE CONDUCTED BY THE STABILIZING MANAGER (OR ANY PERSON ACTING ON ITS BEHALF) IN ACCORDANCE WITH ALL APPLICABLE LAWS AND RULES. This pricing supplement should be read together with the accompanying prospectus supplement and prospectus, which can be accessed on the SEC website via the links below:

https://www.sec.gov/Archives/edgar/data/36104/000110465923031197/tm238798-1_s3asr.htm

https://www.sec.gov/Archives/edgar/data/36104/000110465923048468/tm2313037-1_424b5.htm

|                                   |     | Per Note |         |   |     | Total |             |
| Price to Public(1)                |     |          | 103.267 | % |     | €     | 206,534,000 |
| Agents’ Commission or Discount    |     |          |   0.250 | % |     | €     |     500,000 |
| Net Proceeds (Before Expenses) to 
 Us(1)                             |     |          | 103.017 | % |     | €     | 206,034,000 |

| (1) | Plus accrued and unpaid interest from, and including, May 21, 2024, to, but excluding, February 28, 2025, or                                                  
 approximately €31,083.48 per €1,000,000 principal amount of Notes, and accrued interest, if any, from February 28, 2025 if settlement occurs after that date. |

We expect to deliver the Notes to investors in book-entry form through Clearstream and Euroclear on or about February 28, 2025. Joint Book-Running Managers

| UBS Investment Bank |     | U.S. Bancorp Investments, Inc. |

The date of this pricing supplement is February 21,