U.S. Bancorp today announced the redemption on October 21, 2025, of all its outstanding 5.727% Fixed-to-Floating Rate Senior Notes due October 21, 2026 (CUSIP No. 91159HJH4). The redemption price for each of the Senior Notes will be equal to 100 percent of the principal amount of the Senior Notes, plus any accrued and unpaid interest thereon to, but excluding, the redemption date of October 21, 2025.

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

About U.S. Bancorp

U.S. Bancorp, with approximately 70,000 employees and $686 billion in assets as of June 30, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251010565528/en/