By Angela McDaniels
Tacoma, Wash., March 29 – Citigroup Global Markets Holdings Inc. priced $5 million of callable step-up coupon notes due March 31, 2036, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 4% in years one through eight, 4.25% in years nine through 15, 4.5% in years 16 through 18, 5.5% in year 19 and 8% in year 20. Interest is payable semiannually.
The payout at maturity will be par.
Beginning March 31, 2019, the notes will be callable at par on any quarterly redemption date.
The issuer will apply to list the notes on the New York Stock Exchange.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $5 million
|
| Maturity: | March 31, 2036
|
| Coupon: | 4% in years one through five, 4.25% in years six through 10, 4.5% in years 11 through 15, 4.75% in years 16 through 20, 5% in years 21 through 24 and 5.5% in year 25; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Beginning Feb. 26, 2017, notes will be callable at par on any quarterly redemption date
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.8%
|
| Cusip: | 17324C2B1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
