The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement is not an offer to sell these securities in any jurisdiction where the offer or sale is not permitted.
                                             
                                                  Subject to completion dated December 16, 2024

Filed under Rule 424(b)(3), Registration Statement No. 333-275151
Pricing Supplement No. 3 - Dated  Monday, December 16, 2024 (To: Prospectus Dated October 24, 2023 and Prospectus Supplement Dated November 1, 2024)
CUSIP  Number
Principal Amount
Selling Price
 Gross Concession
Net Proceeds
Coupon Type
Coupon Rate
Coupon Frequency
Maturity Date
1st Coupon Date
1st Coupon Amount
Survivor's Option
Product Ranking
63743LAC7
[]
100.000%
3.150%
[]
Fixed
5.750%
Semi- Annual
12/15/2054
06/15/2025
$26.83
Yes
Subordinated Notes
 
 
Redemption Information:
 
Callable at the Issuer’s option, in whole or from time to time in part, on any day on or after 12/15/2029 (the “Par Call Period”) at a redemption price in cash equal to 100% of the principal amount of the notes being redeemed, plus, accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.

 
 
National Rural Utilities Cooperative Finance Corp
Offering Date: Monday, December 16, 2024 through Monday, December 23, 2024
Trade Date: Monday, December 23, 2024 @12:00 PM ET
Settle Date: Friday, December 27, 2024
Minimum Denomination/Increments:$1,000.00/$1,000.00
Initial trades settle flat and clear SDFS: DTC Book Entry only 
DTC Number: 0235 via RBC Dain Rauscher Inc.
 
Agents: InspereX LLC, Citigroup Global Markets Inc., RBC Capital Markets, LLC, Wells Fargo Clearing Services, LLC
 
Trustee: U.S. Bank Trust Company, National Association
 
If the maturity date or an interest payment date for any note is not a business
day (as term is defined in prospectus), principal, premium, if any, and interest
for that note is paid on the next business day, and no interest will accrue from,
and after, the maturity date or interest payment date.
 

 
 
National Rural Utilities Cooperative Finance Corp  
 
Prospectus dated October 24, 2023 and  
Prospectus Supplement dated: November 1, 2024
 

 

 

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