By Taylor Fox
New York, Oct. 20 – Citigroup Inc. priced $10 million of callable step-up coupon notes due Sept. 23, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 0.9% initially, stepping up to 1.2% on Sept. 23, 2023.
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 Sept. 23, 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: | $10 million
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Maturity: | Sept. 23, 2025
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Coupon: | 0.9% initially, stepping up to 1.2% on Sept. 23, 2023; 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 starting Sept. 23, 2023
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Pricing date: | Sept. 18
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Settlement date: | Sept. 23
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.375%
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Cusip: | 17298CKH0
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