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Created and Owned by America's Electric Cooperative Network

CFC Subordinated Notes

Subordinated Notes Overview
Most Recent SEC Shelf Filing1: 11/1/2017
Current Outstanding: Please refer to CFC’s most current financial report
Min. Piece/Increment: $1,000/$1,000
Prospectus: Prospectus

Current Subordinated Notes Issuances

Cusip Structure Issue
Final Maturity
Principal ($ in millions)
Coupon Payment
Callable Term Sheet and Prospectus Supplement
637432NK7 Sub Notes 4/20/2016 4/20/2046 $350.0

5.25% fixed rate until 4/20/2026

3ML + 363 bps on and after 4/20/2026

Before 4/20/2026: 4/20, 10/20

After 4/20/2026: 1/20, 4/20, 7/20, 10/20

Before 4/20/26: MW + 50 bps

On or after 4/20/2026: Callable at par

Term sheet

637432MT9 Sub Notes 4/25/2013 4/30/2043 $400.0

4.75% fixed rate until 4/30/2023

3ML + 291 bps on and after 4/30/2023

Before 4/30/2023: 4/30, 10/30

After 4/30/2023: 4/30, 7/30, 10/30, 1/30

Before 4/30/23: MW + 50 bps

On or after 4/30/23: Callable at par

Term sheet


1Since National Rural Utilities Cooperative Finance Corporation ("CFC") is a well-known seasoned issuer with the U.S. Securities and Exchange Commission ("SEC"), Securities Offering Reform issued by the SEC in July 2005 allows CFC to file a shelf with the SEC with an indeterminate amount of Subordinated Notes being registered as may from time to time be sold at indeterminate prices. CFC may only issue Subordinated Notes up to the amount authorized and approved by the CFC Board of Directors.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and other documents CFC has filed with the SEC for more complete information about the issuer and this offering. You can get a free copy of documents by visiting www.nrucfc.coop or at www.sec.gov.