Company: USB-PA
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001918704-25-014257
Chunk: 6

Company: US BANCORP \DE\
Filing Date: 2025-09-02
Form: 424B2
Chunk 6
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 Consequently, you should be willing to hold the Notes to maturity or early redemption. Changes in tax laws may adversely impact your investment in the Notes. The tax consequences of the ownership and disposition of the Notes may be the subject of future tax legislation which could adversely impact your investment in the Notes. We cannot predict whether any particular proposed tax legislation will be enacted or, if enacted, what the specific provisions or the effective date of any such tax legislation would be, or whether it would have any effect on holders of Notes. No assurance can be provided that future legislative, administrative, or judicial developments will not result in an increase in the amount of tax payable by holders of Notes. PS-5 U.S. FEDERAL INCOME TAX CONSIDERATIONS The discussion entitled “Certain United States Federal Income Tax Consequences” in the accompanying prospectus supplement provides a summary of material U.S. federal income tax considerations relating to an investment in the Notes, which you should carefully review prior to investing in the Notes. See also “Additional Risk Factors— Changes in tax laws may adversely impact your investment in the Notes” on page PS-5 of this pricing supplement. You should consult your tax advisor concerning the U.S. federal income tax and other tax consequences of your investment in the Notes in your particular circumstances, including the application of state, local or other tax laws and the possible effects of changes in federal or other tax laws. PS-6 SUPPLEMENTAL PLAN OF DISTRIBUTION (CONFLICTS OF INTEREST) USBI will purchase the Notes from us at the price to public less the selling commissions set forth on the cover page of this pricing supplement for distribution to other registered broker-dealers or will offer the Notes directly to investors. USBI or other registered broker-dealers will offer the Notes at the price to public set forth on the cover page of this pricing supplement. USBI may pay some or all of the selling commissions it receives from us to other affiliated or unaffiliated dealers. These selling commissions will vary and will be up to $11.927 per $1,000 principal amount Note. With respect to Notes sold to eligible institutional investors or fee-based advisory accounts for which an affiliated or unaffiliated broker-dealer is an investment adviser, the price to the public will be between $988.073 and $1,000 per $1,000 principal amount Note. Broker-dealers who purchase the Notes for these accounts may forgo some or all selling commissions related to these sales. We expect to deliver the Notes against payment therefor in New