U.S. Bancorp said it will redeem on Oct. 15 all of its outstanding senior series T 1.95% and floating-rate medium-term notes, both due Nov. 15.

The Minneapolis-based company will redeem each of the medium-term notes for a price equal to $1,000 per $1,000 in original principal amount, plus any accrued and unpaid interest to, but excluding, the Oct. 15 redemption date.