US BANCORP \DE\'s USB-P-P is an exchange-traded preferred stock in the Banks sector. At a recent price of $21.70, USB-P-P yields 6.34% on its $25 liquidation preference and 5.5% coupon. It trades at a discount of 13.2% to par. The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2023-10-15. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.