Material Event (Form 8-K)

On March 9, 2026, U.S. Bancorp (the "Company") established a medium-term note program pursuant to which the Company may issue from time to time its Medium-Term Notes, Series EE (Senior) (the "Series EE Notes"), and Medium-Term Notes, Series FF (Subordinated) (the "Series FF Notes" and, together with the Series EE Notes, the "Notes").

The Series EE Notes are issuable under that certain Indenture, dated as of October 1, 1991, as amended by that certain First Supplemental Indenture, dated as of April 21, 2017, between the Company and Citibank, N.A., as trustee, as supplemented by the Officers' Certificate and Company Order, dated as of March 9, 2026, establishing the form and certain terms of the Series EE Notes.

The Series FF Notes are issuable under that certain Indenture, dated as of October 1, 1991, as amended by that certain First Supplemental Indenture, dated as of April 1, 1993, and that certain Second Supplemental Indenture, dated as of April 21, 2017, between the Company and Citibank, N.A., as trustee, as supplemented by the Officers' Certificate and Company Order, dated as of March 9, 2026, establishing the form and certain terms of the Series FF Notes.

The offering of the Notes has been registered under the Securities Act of 1933, as amended, pursuant to a registration statement on Form S-3(File No. 333-294133), filed with the Securities and Exchange Commission on March 9, 2026.