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Rule 424(b)(2)
Registration No. 333-83643
PRICING SUPPLEMENT TO PROSPECTUS DATED JULY 23, 1999,
AS SUPPLEMENTED BY PROSPECTUS SUPPLEMENT DATED DECEMBER 17,
1999/AUTHENTICATION CERTICIATE SUPPLEMENTAL TO THE
OFFICERS' CERTIFICATE AND COMPANY ORDER, DATED DECEMBER 17,
1999 NO. 1 DATED: 01-26-2000
U.S. BANCORP
Medium-Term Notes, Series L (Senior)
Medium-Term Notes, Series M (Subordinated)
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CUSIP: 91159H FN5 Issue Price (Dollar Amount and Percentage of Principal Amount):
$500,000,000.00/99.86411%
Series: Proceeds to the Company: $499,320,550.00
[X] Series L (Senior) Interest Rate/Initial Interest Rate: TBD 1-28-2000
[_] Series M (Subordinated)
Interest Payment Dates: Each May, August, November, February 1
Form of Note:
Regular Record Dates: 15 calendar days prior to Interest Payment Date
[X] Book-Entry
[_] Certificated Interest Determination Dates: 2 London days prior
Principal Amount: $500,000,000.00 Interest Reset Dates: Each May, August, November, February 1
Trade Date: 1-26-2000 Index Source: Telerate 3750
Original Issue Date: 2-1-2000 Index Maturity: 3 month
Maturity Date: 2-3-2003 Spread: +.23%
Base rate (and, if applicable, Spread Multiplier: --
related Interest Periods):
Maximum Interest Rate: --
Day Count: Actual/360
[_] Fixed Rate Notes Minimum Interest Rate: --
[_] Commercial Paper Rate Note
[_] Federal Funds Rate Note
[X] LIBOR Note For Original Issue Discount Notes:
[_] Prime Rate Note Original Issue Discount: -- %
[_] CD Rate Note Original Issue Discount: -- %
[_] Treasury Rate Note Yield to Maturity: -- %
[_] CMT Rate Note
[_] Other Base Rate
(as described below)
[_] Zero Coupon Note
Agent's Commission: .13589%
$679,450.00 Original Issue Discount Notes:
Redemption Terms: --
Other Terms: --
Name of Place Agent and Delivery Instructions: [_] Subject to special provisions set forth therein
with respect to the principal amount thereof
Lehman Brothers payable upon any redemption or acceleration of
the maturity thereof.
DTC #074 [_] For Federal income tax purposes only.
3 month LIBOR +.28% all-in
Signature
/s/ KENNETH D. NELSON
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(Authorized Signature}
/s/ BRETT BOUSHELE
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(Authorized Signature}
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