By Jennifer Chiou
New York, Jan. 19 - Citigroup Funding Inc. priced $5.5 million of noncallable fixed-to-floating notes due Jan. 23, 2016, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 5.5% for the first year. After that, it will be equal to Libor plus 200 basis points. Interest is payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Funding Inc.
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Issue: | Noncallable fixed-to-floating notes
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Amount: | $5.5 million
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Maturity: | Jan. 23, 2016
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Coupon: | Initially 5.5%; beginning on Jan. 23, 2013, Libor plus 200 bps; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Jan. 18
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Settlement date: | Jan. 23
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 1730T0VR7
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