pps397.htm

Filed Under Rule 424(b)(3), Registration Statement No. 333-199914

Pricing Supplement Number 397 Dated Monday, December 21, 2015

(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
63743FYM2
[]
100%
1.450%
[]
Fixed
2.900%
MONTHLY
12/15/2022
01/15/2016
$1.21
Yes
Senior Unsecured Notes


Redemption Information: Non-Callable

 
 
 
National Rural Utilities Cooperative Finance Corp
Offering Dates: Monday, December 21, 2015 through Monday, December 28, 2015

Trade Date: Monday, December 28, 2015 @12:00 PM ET

Settlement Date: Thursday, December 31, 2015

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