U.S. Bancorp on June 7 issued €1 billion aggregate principal amount of its 0.850% medium-term notes series X (senior) due June 7, 2024.

The interest rate for the notes is 0.850% per annum, with interest payment dates every June 7 beginning 2018.

U.S. Bank Trust NA serves as exchange agent for the notes, while Citibank NA serves as trustee. Squire Patton Boggs (US) LLP issued a legal opinion on the notes.