Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

U.S. Bancorp, 6.5% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Series F

Rate is Fixed until 1/14/2022 at 6.5%. There after the coupon floats at a rate of 3 month libor plus a spread of 4.468%.

Redeemed 01/15/2022

Ticker: USB-M

Parent Ticker: USB

OTC Grey Market Temporary Ticker: NA

Issuance Date: 01/19/2012

1st Call Date: 01/15/2022

Maturity Date: None

Shares Issued: 44,000,000

Overallotment Shares: 0

Coupon: 6.5%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.406

Payment Months: JAN, APR, JUL, OCT

Payment Day: 15

S&P Rating: BBB

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: A3