USB-S U.S. Bancorp ADRs of Series O 4.5% Non-Cumulative Perpetual Preferred Stock

Dividends on the Series O Preferred Stock, when, as and if declared by our board of directors or a duly authorized committee of the board of directors, will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, quarterly in arrears on the 15th day of each January, April, July and October, commencing on April 15, 2022, at a rate per annum equal to 4.50%. The Series O Preferred Stock may be redeemed in whole or in part, on or after April 15, 2027, 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.

$19.88  -0.09 (-0.45%)
As of 06/29/2022 14:44:32 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  02/16/2022
Outstanding shares:  18,000,000
Average volume:  69,562
Market cap:   $360,000,000
Current dividend yield:  5.63%    calculation
Coupon rate:    4.500%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   04/15/2027
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: