PreferredStockChannel
US Bancorp (DE) | Series K Non-Cumulative Perpetual Preferred Stock (USB.PRP)

Prospectus excerpt:  The Series K Preferred Stock may be redeemed in whole, or in part, on or after October 15, 2023, 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. The Series K Preferred Stock may be redeemed in whole, but not in part, prior to October 15, 2023 upon the occurrence of a "regulatory capital treatment event," as described herein, 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. The Series K Preferred Stock will not have any voting rights, except as set forth under "Description of Series K Preferred StockýVoting Rights" on page S-30.

Full Prospectus PDF », USB Page »

Series:K
Alternate symbology:USB-P, USB-PP, USBprP
Redeemable?:Yes
Call Date:10/15/2023
Perpetual?:Yes
Cumulative?:No
Shares Offered:23,000,000
Liquidation Preference:$25
Recent Market Price:$26.34
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.34 (5.36%)
Annualized Dividend:1.375
Recent Ex-Date:9/29/2021
Current Yield:5.22%
Original Coupon:5.50%
Pay Period:Quarterly
Pay Dates:1-Jan, 1-Apr, 1-Jul, 1-Oct
CDx3 Compliance Rating: Learn USB.PRP's Rating
U.S. Bancorp is a financial services holding company. Through its subsidiaries, Co. provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. Co. also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Co.'s subsidiary, U.S. Bank National Association, is engaged in the general banking business, principally in domestic markets. Co.'s bank and trust subsidiaries provide a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations.

Preferreds: USB.PRH, USB.PRA, USB.PRM, USB.PRO, USB.PRP


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Name: 
US Bancorp (DE)
Website: 
www.usbank.com
Sector: 
Banking & Savings
Number of ETFs Holding USB: 
114 (see which ones)
Total Market Value Held by ETFs: 
$7,640,351,064.7
Total Market Capitalization: 
$86,223,000,000
% of Market Cap. Held by ETFs: 
8.86%

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