|
USB Capital II, 7.20% TOPrS Trust Orig Preferred Securities
Ticker Symbol: USB-A* CUSIP: 90332M200 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/01/2003
Security has been Called for: Tuesday, April 1, 2003
March 4, 2003--U.S. Bancorp announced that its subsidiary company, USB Capital II, will redeem 100 percent of its 7.20 percent Trust Originated Preferred Securities on April 1, 2003. The redemption price for the securities is $25 per preferred security, plus accumulated and unpaid distributions thereon to the date of redemption. Distributions will cease to accumulate on and after that date.
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: USB Capital II, 7.20% Trust Originated Preferred Securities (TOPrS), liquidation amount $25 per share, guaranteed by U.S. Bancorp (NYSE: USB), redeemable at the issuer's option on or after 4/01/2003 at $25 per share plus accrued and unpaid dividends, maturing 4/01/2028, distributions of 7.20% per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record one business day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 7.20% Junior Subordinated Deferrable Interest Debentures due 4/01/2028 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (USB)
IPO - 3/31/1998 - 14.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $345.0 Million
Company's Online Information Links
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
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 |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|