U.S. BANCORP UNDERWRITING AGREEMENT STANDARD PROVISIONS (PREFERRED STOCK, WHICH MAY BE REPRESENTED BY DEPOSITARY SHARES) (November 16, 2015)Underwriting Agreement • November 23rd, 2015 • Us Bancorp \De\ • National commercial banks • New York
This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
UNDERWRITING AGREEMENTUnderwriting Agreement • November 23rd, 2015 • Us Bancorp \De\ • National commercial banks
We (the “Representatives”) understand that U.S. Bancorp, a Delaware corporation (the “Company”), proposes to issue and sell to the several underwriters named in Schedule I (the “Underwriters”) an aggregate of 750,000 Depositary Shares (the “Offered Securities” and each an “Offered Security”), each representing 1/25th of a share of the Company’s Series I Non-Cumulative Perpetual Preferred Stock, $1.00 par value, with a liquidation preference of $25,000 per share (the “Preferred Stock”). The Preferred Stock, when issued, will be deposited against delivery of Depositary Receipts (the “Depositary Receipts”), which will evidence the Depositary Shares, that are to be issued by U.S. Bank National Association (the “Depositary”) under the Deposit Agreement, to be dated November 23, 2015, among the Company, the Depositary and the holders from time to time of the Depositary Receipts issued hereunder.
DEPOSIT AGREEMENT among U.S. BANCORP, U.S. BANK NATIONAL ASSOCIATION as Depositary, and THE HOLDERS FROM TIME TO TIME OF THE DEPOSITARY RECEIPTS DESCRIBED HEREIN Dated as of November 23, 2015Deposit Agreement • November 23rd, 2015 • Us Bancorp \De\ • National commercial banks • New York
DEPOSIT AGREEMENT dated as of November 23, 2015, among (i) U.S. BANCORP, a Delaware corporation, (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association formed under the laws of the United States, and (iii) the Holders from time to time of the Receipts described herein.
