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U.S. Bancorp, 6.00% Fixed/Float Dep Shares Non-Cumul Perp Pfd Stk, Series G
Ticker Symbol: USB-N     CUSIP: 902973817     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  U.S. Bancorp, 6.00% Fixed/Floating Rate Depositary Shares each representing a 1/1000 interest in a share of the Series G Non-Cumulative Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 4/15/2017 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 6.00% per annum ($1.50 per annum or $0.375 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 through 4/15/2017 to holders of record on the record date which will be the last day of the month immediately preceding the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). From 4/15/2017 distributions will be paid at a floating rate per annum equal to three-month LIBOR plus a spread of 4.86125%. The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event (see the prospectus for further information) which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-33 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
Floating
$1.5
$25.00
$25.00
4/15/2017
None
Baa1 / BBB+
9/27/14
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Yes

Goto Parent Company's Record (USB)

IPO - 4/17/2012 - 43.40 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: UBDLP    Changed: 4/24/12
Market Value $ 1.1 Billion

Company's Online Information Links
HOME PAGE:     http://www.usbank.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address judith.murphy@usbank.com
Email Request Form on Website Goto Email Form

Address and Phone Numbers
Address:   800 Nicollet Mall, Minneapolis, MN 55402
Main Phone Number 651-466-3000
Fax Number 612-303-0782
Investor Relations   Judith T. Murphy 612-303-0783
Toll Free Phone Number 866-775-9668
CEO - Richard K. Davis CFO - Andrew Cecere

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