New Issue: U.S. Bank prices $334.5 million two-year floaters at Libor plus 400 bps

By Andrea Heisinger

Omaha, June 2 - U.S. Bancorp priced $334.5 million two-year floating-rate notes with a coupon of three-month Libor plus 400 basis points, according to a 424B2 Securities and Exchange Commission filing.

The subordinated medium-term notes priced at 99.941.

The financial services company is based in Minneapolis.

Issuer:	U.S. Bancorp
Issue:	Subordinated medium-term floating-rate notes
Amount:	$334.5 million
Maturity:	June 4, 2010
Coupon:	Three-month Libor plus 400 bps
Price:	99.941
Trade date:	May 29
Settlement date:	June 5

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