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USB-H U.S. Bancorp ADRs of Series B Non-Cumulative Perpetual Preferred Stock

Dividends on the Series B Preferred Stock, when, as and if declared by our board of directors or a duly authorized committee of the board, will accrue and be payable from the original issue date, on a non-cumulative basis, quarterly in arrears on the 15th day of January, April, July and October of each year, commencing on July 15, 2006, at a rate per annum equal to the greater of (1) 0.60% above three-month LIBOR on the related LIBOR determination date or (2) 3.50%. On and after April 15, 2011, the Series B Preferred Stock will be redeemable at our option, in whole at any time or in part from time to time, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends.   This security was issued by US Bancorp, whose common stock symbol is USB.

$18.79  +0.14 (0.75%)
As of 03/27/2023 11:21:56 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  02/11/2013
Outstanding shares:  40,000,000
Average volume:  31,240
Market cap:   $788,400,000
Current dividend yield:  6.07%    calculation
Initial coupon rate:    3.500%
Spread to LIBOR: 0.006000
Cumulative:    No
Liquidation value:   $25.00
Callable after:   04/15/2011
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      B125QN4

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