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USB Capital V, 7.25% Trust Preferred Securities
Ticker Symbol: USB-D* CUSIP: 90335U209 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/28/2006
Security has been Called for: Thursday, December 28, 2006
December 4, 2006 -- U.S. Bancorp announced today that notice of redemption was provided to the holders of USB Capital IV 7.35% Trust Preferred Securities (CUSIP 90334V-208) and USB Capital V 7.25% Trust Preferred Securities (CUSIP 90335U-209). The Securities will be redeemed in full at a redemption price of 100% of the principal amount plus accrued and unpaid interest. On and after December 28, 2006, interest on the Securities will no longer accrue, and all rights of the holders of the Securities, except the right to receive the redemption price plus interest accrued and unpaid to the redemption date, will cease. Payment will be made to holders of the Securities on December 28, 2006, only upon presentation and surrender of the Securities to Mellon Investor Services for cancellation.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: USB Capital Trust V, 7.25% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by U.S. Bancorp (NYSE: USB), redeemable at the issuer's option on or after 12/07/2006 at $25 per share plus accrued and unpaid dividends, maturing 12/15/2031, distributions of 7.25% per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record one business day prior to the payment date while the securities remain in global security form. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7.25% Junior Subordinated Deferrable Interest Debentures due 12/15/2031 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.
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Go to Parent Company's Record (USB)
IPO - 12/3/2001 - 12.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $300.0 Million
Company's Online Information Links
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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
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612-303-0783
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Toll Free Phone Number |
866-775-9668 |
CEO - Richard K. Davis |
CFO - Andrew Cecere |
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