apr2014_fwp.htm
Filed Pursuant to Rule 433 under the Securities Act
Registration Statement No. 333-199914
Issuer Free Writing Prospectus dated April 6, 2017
CUSIP #:  63743HEP3


NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

Medium-Term Notes, Series D
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 / A (Moody's / S&P / Fitch)

Principal Amount:                                          $350,000,000
Security Type:                                                Senior Unsecured
 
Interest Price:                                                 100% of Principal Amount

Trade Date:                                                      April 6, 2017

Original Issue Date:                                       April 11, 2017
 
Maturity Date:                                                April 5, 2019
 
Initial Interest Rate:                                     Determined as if the Original Issue Date was an Interest Reset Date

Base Rate:                                  USD LIBOR
 
Spread:                               Plus 20 basis points
 
Index Maturity:             3-month
 
Interest Payment Dates:          Each January 5, April 5, July 5, and October 5, and the maturity date, commencing July 5, 2017
 
Interest Reset Dates:            Each January 5, April 5, July 5, and October 5
 
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:     0.10%
 
Agent(s):               RBC Capital Markets, LLC
 
Capacity:               Principal
 
Form of Note:             Book-Entry
(Book-Entry or Certificated)
 
Denominations:            $2,000 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 Martkets, LLC by calling toll-free at 1-866-375-6829.