New Issue: U.S. Bancorp sells $1 billion 1.95% five-year notes at Treasuries plus 62.5 bps

By Aleesia Forni

Virginia Beach, Nov. 4 - U.S. Bancorp came to Monday's market with a $1 billion issue of 1.95% five-year senior medium-term notes (A1/A+/AA-/AA) priced with a spread of Treasuries plus 62.5 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes were sold at 99.876 to yield 1.976%.

Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and U.S. Bancorp Investments, Inc. were the joint bookrunners.

Issuer:	U.S. Bancorp
Amount:	$1 billion
Description:	Senior medium-term notes
Maturity:	Nov. 15, 2018
Bookrunners:	Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc.
Coupon:	1.95%
Price:	99.876
Yield:	1.976%
Spread:	62.5 bps
Call:	Beginning Oct. 15, 2018 at par plus accrued interest
Trade date:	Nov. 4
Settlement date:	Nov. 7
Ratings:	Moody's: A1
	Standard & Poor's: A+
	Fitch: AA-
	DBRS: AA

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