US Bancorp 6% Fixed to Floating Non Cumulative Preferred Stock
By: Tim McPartland,
S&P Rating BBB+ Moodys Rating A3
Security Ticker Symbol USB-N
Market Traded ON NYSE
Dividend Payment Paid on the 15th of January, April, July and October beginning on 07/15/2012
Quarterly Dividend .375 Annual Dividend 1.500
After 4/15/2017 the dividend will be 3 month libor plus 4.86%.
Securities may be redeemed, at the issuers option, as early as 04/15/2017 for a redemption price of $25/share plus accrued dividends.
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for US Bancorp
Below you can find the offering Prospectus and Final Pricing Document