Bond U.S. Bankcorp 0% ( US91159HHQ65 ) in USD

Issuer	U.S. Bankcorp
Market price	100 % ▼
Country	United States
ISIN code	US91159HHQ65 ( in USD )
Interest rate	0%
Maturity	24/01/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	250 000 000 USD
Cusip	91159HHQ6
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Detailed description	U.S. Bancorp is a diversified financial services company offering banking, investment, and mortgage services to consumers and businesses across the United States. A bond issued by U.S. Bancorp, identified by ISIN US91159HHQ65 and CUSIP 91159HHQ6, has successfully reached its maturity and been fully redeemed. The issuer, U.S. Bancorp, is a prominent financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association, one of the largest commercial banks in the United States, offering a comprehensive range of banking, investment, and payment services to a diverse clientele across various sectors. This particular debt instrument, issued in the United States and denominated in USD, represented a total offering size of $250,000,000, with a minimum purchase increment set at $1,000. A distinctive characteristic of this bond was its 0% interest rate, indicating it was structured as a zero-coupon instrument, meaning no periodic coupon payments were made despite a listed semi-annual payment frequency; the return for investors would have been derived from the discount at which it was initially purchased relative to its par value at redemption. The bond's market price was noted at 100% at a relevant point in its lifecycle. Its definitive maturity date was January 24, 2022, at which point the principal was fully repaid to bondholders.