Shearman & Sterling represented Deutsche Bank Securities Inc., as structuring advisor and remarketing agent, and Credit Suisse Securities (USA) LLC and U.S. Bancorp Investments, Inc., as remarketing agents, in connection with a remarketing of $676,378,000 aggregate principal amount of U.S. Bancorp’s 3.442% Remarketed Junior Subordinated Notes due 2016, which were originally issued as 5.539% Remarketable Junior Subordinated Notes due 2042.

The Shearman & Sterling team included partners Michael J. Schiavone (New York-Capital Markets), Lona Nallengara (New York-Capital Markets), Craig Gibian (Washington, D.C.-Tax), and Russell Sacks (New York-Financial Institutions Advisory & Financial Regulatory); associates Dave Rao (New York-Capital Markets), Dawei (David) Ni (New York-Capital Markets), Jennifer A. Val (New York-Capital Markets), Michael J. Blankenship (New York-Financial Institutions Advisory & Financial Regulatory), and Nathan Tasso (Washington, D.C.-Tax); and legal assistant Brian Shea (New York-Capital Markets).