SEC Form 424B3 filed by National Rural Utilities Cooperative Finance Corporation
$NRUC
Diversified Financial Services
Finance
Filed under
Rule 424(b)(3), Registration Statement No.
333-275151
Pricing Supplement No. 630 - Dated Monday, May
12, 2025 (To: Prospectus Dated October 24, 2023 and
Prospectus Supplement Dated October 27, 2023)
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CUSIP Number
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Principal Amount
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Selling Price
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Gross Concession
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Net Proceeds
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Coupon Type
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Coupon Rate
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Coupon Frequency
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Maturity Date
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1st
Coupon Date
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1st
Coupon Amount
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Survivor's Option
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Product Ranking
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63743F3F1
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$17,000.00
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100.000%
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0.550%
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$16,906.50
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Fixed
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3.900%
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Monthly
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05/15/2027
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06/15/2025
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$3.25
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Yes
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Senior
Unsecured Notes
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Redemption
Information: Callable
at 100% on 5/15/2026 and Monthly thereafter with 30 Calendar Days'
Notice.
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National Rural Utilities Cooperative
Finance Corp
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Offering Date: Monday, May 5, 2025
through Monday, May 12, 2025
Trade Date: Monday,
May 12, 2025 @12:00 PM
ET
Settle Date: Thursday,
May 15, 2025
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., Wells Fargo Clearing Services, LLC,
RBC Capital Markets, 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.
Validity of the Notes
In the opinion of Hogan Lovells US
LLP, as counsel to the Company, following
(i) receipt by the Company of the consideration for the notes
specified in applicable resolutions of the board of directors of
the Company and (ii) the due execution, authentication,
issuance and delivery of the notes pursuant to the terms of the
indenture and the applicable underwriting, agency or distribution
agreement against payment therefor, the notes offered by this
pricing supplement will constitute valid and binding obligations of
the Company, subject to the effect of (a) bankruptcy, insolvency,
reorganization, receivership, moratorium and other laws affecting
creditors’ rights and remedies (including, without
limitation, the effect of statutory and other law regarding
fraudulent conveyances and fraudulent, preferential or voidable
transfers), and (b) the exercise of judicial discretion and the
application of principles of equity, good faith, fair dealing,
reasonableness, conscionability and materiality (regardless of
whether the applicable agreements are considered in a proceeding in
equity or at law), including, without limitation, principles
limiting the availability of specific performance and injunctive
relief.
This opinion is based as
to matters of law solely on applicable provisions of the following,
as currently in effect: (i) the District of Columbia General
Cooperative Association Act of 2010 and (ii) the laws of the State
of New York (but not including any laws, statutes, ordinances,
administrative decisions, rules or regulations of any political
subdivision below the state level). In addition, this opinion is
subject to customary assumptions about the trustee’s
authorization, execution and delivery of the indenture and its
authentication of the notes and the validity, binding nature and
enforceability of the indenture with respect to the trustee, all as
stated in the letter of such counsel dated October 27, 2023, which
has been filed as an exhibit to a Current Report on Form 8-K by the
Company on October 27, 2023.
InterNotes® is a registered trademark of
InspereX Holdings LLC. All Rights
Reserved.
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National Rural
Utilities Cooperative Finance Corp
Prospectus dated
October 24, 2023 and
Prospectus
Supplement Dated October 27,
2023
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