08/15/2022 | Press release | Distributed by Public on 08/15/2022 09:06
Rule 424 (b) (3)
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Registration No.: 333-249702
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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION ("National Rural")
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Member Capital Securities
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Trade Date
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August 11, 2022
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Pricing Supplement No.
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718
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Pricing Supplement Date |
August 11, 2022
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Prospectus Supplement Date |
June 17, 2022
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Base Prospectus Date
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October 28, 2020
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Principal Amount
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$80,000.00
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Issue Price
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100% of Principal Amount
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Original Issue Date
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August 16, 2022
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Maturity Date
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August 16, 2052
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Interest Rate
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5.50% per annum
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Regular Record Dates
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Each March 15 and September15
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Interest Payment Dates
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Each April 1 and October1
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First Coupon Date
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October 3, 2022
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Product Ranking
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Subordinate to all existing and future senior indebtedness of National Rural and all existing subordinated indebtedness of National Rural that is held by or transferable by non-members of National Rural. |
Optional Redemption
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Redeemable at the option of National Rural, in whole or in part, at any time after August 16, 2027 at a redemption price equal to 100% of the principal amount to be redeemed together with accrued and unpaid interest, if any, to the redemption date.
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Option to Extend Interest Payment Period
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National Rural will have the right to extend the interest payment period to a period not exceeding 10 consecutive semi-annual interest payment periods. At the end of a deferral period, National Rural must pay all interest then accrued and unpaid together with interest thereon at the same rate as specified for the securities.
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Restrictions on Transfer
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The securities can only be sold or transferred to other National Rural voting members upon the written consent of National Rural.
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Agents Commission
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None
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Form of Note (Book-Entry or Certificated)
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Certificated
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Denominations/Multiples |
$25,000/$5,000
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Listing
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None
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