pps346.htm

 



Filed Under Rule 424(b)(3), Registration Statement No. 333-177949
 Pricing Supplement Number 346 Dated Monday, October 20, 2014
(To: Prospectus Dated November 14, 2011 and Prospectus Supplement Dated November 17, 2011)








 
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
63743FUX2
[]
100%
1.800%
[]
Fixed
3.000%
MONTHLY
10/15/2024
11/15/2014
$1.25
Yes
Senior Unsecured Notes
Redemption Information: Non-Callable






 
 
 
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
63743FUY0
[]
100%
2.300%
[]
Fixed
3.500%
MONTHLY
10/15/2028
11/15/2014
$1.46
Yes
Senior Unsecured Notes
Redemption Information: Non-Callable


















 


National Rural Utilities Cooperative Finance Corp
Offering Dates: Monday, October 20, 2014 through Monday, October 27, 2014
Trade Date: Monday, October 27, 2014 @12:00 PM ET
Settlement Date: Thursday, October 30, 2014
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: Citigroup, Comerica Securities, J.J.B. Hilliard, W.L. Lyons, Inc., Morgan Stanley , UBS Investment Bank, 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 14, 2011