Deposit products are offered by U.S. Bank National Association. Member FDIC. All credit products offered by U.S. Bank National Association are subject to normal credit approval and program guidelines. Eligibility requirements, other fees and conditions may apply. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice.

Financing maximums and terms are determined by borrower qualifications and use of funds. For deferred payments, interest accrues and is amortized over the remaining balance and term.

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

The content in U.S. Bancorp’s ESG materials, including our Corporate Responsibility Reports, is accurate as of the date of each such report and is subject to change without notice. Our ESG materials supplement and should be read in conjunction with our other public disclosures, including the U.S. Bancorp 2023 Annual Report, 2024 Proxy Statement and our subsequent filings with the Securities and Exchange Commission (the “SEC”), all of which contain additional information about our company and can be found at ir.usbank.com.

Our approach to the disclosures included in our ESG materials differs from our approach to the disclosures we include in other reports, including our filings with the SEC and any disclosures we may make under any other regulatory frameworks. While our ESG materials include information about ESG topics that we believe may be important to us and our stakeholders, any importance attributed to such topics nor their inclusion in our ESG materials should be read to mean that they necessarily rise to the level of materiality used for the purposes of complying with applicable securities laws and regulations or other reporting frameworks even where we use the word “material” or “materiality.” Although our ESG materials may reference certain laws and regulations, any references to “ESG,” “sustainable finance,” “net zero” or similar terms in our ESG materials should not be read to meet any jurisdiction-specific regulatory definition that may exist.

Our ESG materials contain forward-looking statements, which may include our current expectations and assumptions regarding our future activities, goals, plans and objectives, as well as other future conditions. For discussion of the risks that may cause actual results to differ from those described in forward-looking statements, refer to the sections entitled “Risk Factors” and “Forward-Looking Statements” of U.S. Bancorp’s Form 10-K for the year ended December 31, 2023, and subsequent filings with the SEC. Readers are cautioned not to place undue reliance on any forward-looking statements.

In addition, the methodologies, assumptions and estimates underlying our ESG-related strategy, analysis and data have evolved and are likely to continue to change in future periods, including as a result of regulatory, industry, scientific and other developments. In addition, certain information in our ESG materials incorporates or otherwise relies upon data from third parties, which may have been prepared in ways that are not consistent with our methodologies or practices. Except as required by law, we do not independently verify such third-party information. As a result of these and other factors, the information we present in our ESG materials could differ from that included in our prior disclosures, and information in future disclosures may differ from information contained in current disclosures.

None of the content included in our ESG materials shall be deemed to be incorporated by reference in any documents we have filed or will file with the SEC, and no reports, documents or websites that are cited or referred to in our ESG materials shall be deemed to form part of, or to be incorporated by reference into, our ESG materials. U.S. Bancorp is not responsible for the information contained on third-party websites, nor do we guarantee their accuracy and completeness. Additionally, our ESG materials may contain statements based on hypothetical scenarios and assumptions. These statements should not necessarily be considered as being indicative of current or actual risk or forecasts of expected risk. Except as required by law, U.S. Bancorp undertakes no obligation to update any statement (including both forward-looking statements and statements regarding historical periods) in our ESG materials or future disclosures.

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