Company: USB-PA
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001193125-25-033179
Chunk: 3

Company: US BANCORP \DE\
Filing Date: 2025-02-24
Form: 424B2
Chunk 3
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 due May 21, 2032 (the “Notes”) of U.S. Bancorp (“USB” or the “Company”). Terms not defined herein have the meanings given to such terms in the accompanying prospectus supplement and prospectus, as applicable.

The Notes offered hereby will constitute a further issuance of, and will be consolidated and form a single series with, the Company’s outstanding 4.009% Fixed-to-Floating Rate Notes due 2032, of which €750,000,000 aggregate principal amount was issued on May 21, 2024 (the “Existing Notes”). The terms of the Notes, other than the issue date and issue price, will be identical to the terms of the Existing Notes. Upon settlement, the Notes will have the same ISIN (XS2823993261) and Common Code number (282399326) as, and will trade interchangeably with, such Existing Notes. The offering price of the Notes will include accrued interest from, and including, May 21, 2024 the issue date of the Existing Notes (the “Original Issue Date”) to, but excluding, the issue date of the Notes, which must be paid by the purchasers of the Notes. Immediately after giving effect to the issuance of the Notes offered hereby, the Company will have €950,000,000 aggregate principal amount of 4.009% Fixed-to-Floating Rate Notes due 2032 outstanding.

PS-2

Key Terms of the Notes

| ISIN/Common Code/CUSIP:                      |     | XS2823993261 / 282399326 / 902973BE5 |                        |     |                                | Series:                                         |     | ☒   Series CC (Senior)                             |
|                                              |     |                                      |                        |     |                                |                                                 |     | ☐   Series DD (Subordinated)                       |
| Legal Entity Identifier:                     |     | N1GZ7BBF3NP8GI976H15                 |                        |     |                                | Form of Note:                                   |     | ☒   Book-Entry                                     |
|                                              |     |                                      |                        |     |                                |                                                 |     | ☐   Certificated                                   |
| Principal Amount:                            
 Issue Price                                  
 (Amount and Percentage of Principal Amount): |     | €200,000,000                         
 €206,534,000(1) /