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USB-P-S: US BANCORP \DE\ 4.5% Series S Preferred Stock

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US BANCORP \DE\'s USB-P-S is an exchange-traded preferred stock in the Banks sector. At a recent price of $17.54, USB-P-S yields 6.41% on its $25 liquidation preference and 4.5% coupon. It trades at a discount of 29.8% to par. The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2027-04-15. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.
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