Filed Under Rule 424(b)(3), Registration Statement No. 333-199914
Pricing Supplement Number 447 Dated Monday, April 24, 2017
(To: Prospectus Dated November 6, 2014 and Prospectus Supplement Dated November 10, 2014)

 
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
63743FD29 [] 100% 1.250% [] Fixed 2.400% MONTHLY 05/15/2022 06/15/2017 $2.73 Yes Senior Unsecured Notes

Redemption Information: Non-Callable



     

National Rural Utilities Cooperative Finance Corp
Offering Dates: Monday, April 24, 2017 through Monday, May 1, 2017
Trade Date: Monday, May 1, 2017 @12:00 PM ET
Settlement Date: Thursday, May 4, 2017
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: Incapital, LLC, Citigroup, Comerica Securities, J.J.B. Hilliard, W.L. Lyons, Inc., Wells Fargo

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.



InterNotes® is a registered trademark of Incapital Holdings, LLC. All rights reserved.
National Rural Utilities Cooperative Finance Corp
Prospectus Dated November 6, 2014