By Sarah Lizee
Olympia, Wash., July 17 – Citigroup Inc. priced $8.47 million of callable step-up coupon notes due July 20, 2035, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.5% initially, stepping up to 2.75% on July 20, 2028 and to 3% on July 20, 2032. Interest will be payable semiannually.
The payout at maturity will be par plus any interest.
The notes will be callable at par, in whole and not in part, on any quarterly redemption date beginning July 20, 2023.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Callable step-up coupon notes
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Amount: | $8.47 million
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Maturity: | July 20, 2035
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Coupon: | 2.5% initially, stepping up to 2.75% on July 20, 2028 and to 3% on July 20, 2032; payable semiannually
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Price: | Par
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Payout at maturity: | Par plus any interest due
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Call option: | At par on any quarterly redemption date beginning July 20, 2023
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Pricing date: | July 16
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Settlement date: | July 20
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17298CJR0
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