Company: USB-PA
Filing Date: 2025-03-20
Form Type: 424B2
Source: 0001918704-25-004912
Chunk: 2

Company: US BANCORP \DE\
Filing Date: 2025-03-20
Form: 424B2
Chunk 2
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 anyone provides you with different or additional information, you should not rely on it. We are not, and USBI is not, making an offer to sell the Notes in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in or incorporated by reference in this pricing supplement or the accompanying prospectus supplement or the prospectus is accurate as of any date other than the date of the applicable document. Our business, financial condition, results of operations and prospects may have changed since that date. Neither this pricing supplement nor the accompanying prospectus supplement or the prospectus constitutes an offer, or an invitation on our behalf or on behalf of USBI, to subscribe for and purchase any of the Notes and may not be used for or in connection with an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. References to “U.S. Bancorp,” the “Issuer,” the “Company,” “we,” “us” and “our” in this pricing supplement are references to U.S. Bancorp and not to any of our subsidiaries, unless we state otherwise or the context otherwise requires. You may access the prospectus supplement and the prospectus on the SEC website www.sec.gov as follows (or if such address has changed, by reviewing our filing for the relevant date on the SEC website): · Prospectus supplement dated April 21, 2023 and Prospectus dated March 10, 2023 PS-1

SUMMARY OF KEY TERMS The information in this “Summary of Key Terms” section is qualified by the more detailed information set forth in the accompanying prospectus supplement and the prospectus. See “About This Pricing Supplement” in this pricing supplement.

| Issuer:                              
 Type of Note:                        |                                                                                                                                                                                                                                                                                                                                                                                                         U.S. Bancorp 
                                                                                                                                                                                                                                                                                                                                                           Callable Fixed Rate Notes due March 24, 2032 (the “Notes”) |
|:-------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------:|
| CUSIP:                               |                                                                                                                                                                                                                                                                                                                                                                                                            91159XBV6 |
| Issue Price:                         |                                                                                                                                                                                                                                                                                                                                                                                         100% of the Principal Amount |
| Minimum Denominations:               |                                                                                                                                                                                                                                                                                                                                                           $1,000 and integral multiples of $1,000 in excess thereof. |
| Principal Amount:                    |                                                                                                                                                                                                                                                                                                                                                                                                      $1,000 per Note |
| Aggregate Principal Amount of Notes