The same problem here. Home premium (genuine) bought with an ACER laptop.

HP told me to select LPT1 and then to swap to DOT4 (USB). However you can't
switch to an unexistant port.

Oh yes! I've tried to create a bogus one. With any name. Even Mickey Mouse.
What's the point? A name of a port which sends the data where? It's not the
name, but the hardware that does the work.

Not to mention that in Control Panel says "USB printers are automatically
installed as you boot Windows, use ADD PRINTER for any other printer than USB"

Yeah! Sure!

Hey Microsoft. A refund please! Is there any lawyer in the audience?