Filed Pursuant to Rule 433
Registration No. 333-177949
CUSIP #: 63743HEK4
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
Medium-Term Notes, Series C
With Maturities of Nine Months or More from Date of Issue
Floating Rate Notes
Issuer: National Rural Utilities Cooperative Finance Corporation
Issuer Ratings: A2 / A (Moody’s / S&P)
Principal Amount: $250,000,000
Security Type: Senior Unsecured
Issue Price: 100% of Principal Amount
Trade Date: 5/6/2014
Original Issue Date: 5/13/2014
Maturity Date: 5/12/2017
Initial Interest Rate: Determined as if the Original Issue Date was an Interest Reset Date
Base Rate: USD 3-month LIBOR
Spread: Plus 25 basis points
Index Maturity: 3-month
Interest Payment Dates: | Each August 12, November 12, February 12, and May 12, and the maturity date, commencing August 12, 2014 |
Interest Reset Dates: | Each August 12, November 12, February 12, and May 12 |
Payment at Maturity: The payment at maturity will be 100% of the Principal Amount plus accrued and unpaid interest, if any
Redemption Date: None
Agent’s Discount or Commission: 0.15%
Agent(s): RBC Capital Markets, LLC
Capacity: Principal (Sole Bookrunner)
Form of Note: Book-Entry
(Book-Entry or Certificated)
Denominations: $1,000 x $1,000
Other Terms: None
Note: A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC online database (EDGAR®) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from RBC Capital Markets, LLC. by calling toll-free at 1-866-375-6829.