U.S. Bancorp Announces Redemption of Medium-Term Notes

U.S. Bancorp today announced the redemption on August 17, 2021, of all its outstanding 3.25% Medium-Term Notes, Series X (Senior), due September 17, 2021 (CUSIP No. 91159HHT0). The redemption price for the Medium-Term Notes will be equal to $1,000 per $1,000 original principal amount, plus any accrued and unpaid interest to, but excluding, the redemption date of August 17, 2021.

Payment of the redemption price for the Medium-Term Notes will be made through the facilities of The Depository Trust Company.

About U.S. Bank

U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, 2021, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2021 Worldโ€™s Most Ethical Companies and Fortuneโ€™s most admired superregional bank. Learn more at usbank.com/about.

Contacts

Investor contact: Jennifer Thompson, U.S. Bancorp Investor Relations

jen.thompson@usbank.com, 612.303.0778, @usbank_news

Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and Communications

Jeffrey.shelman@usbank.com, 612.422.1423, @usbank_news

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