This is not an IPO prospectus — USB is an established public company issuing debt securities

Filed July 21, 2026 · ~1 min read

Key Changes

• high

  This 424B3 filing is a pricing supplement for debt securities (likely structured notes) issued by U.S. Bancorp, an existing publicly traded bank holding company, not an initial public offering of equity.

  Filing type and issuer identification view on EDGAR →
• low

  Risk factors are incorporated by reference from USB's existing SEC filings rather than disclosed in this supplement, consistent with a routine debt issuance by a seasoned issuer.

  Risk Factors verify on EDGAR →