Published on 7/5/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.56 million callable step-up coupon notes with 2.125% start rate
By Kiku Steinfeld
Chicago, July 6 – Citigroup Inc. priced $3.56 million of callable step-up coupon notes due May 27, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.125% initially, stepping up to 2.5% on May 27, 2026, to 3% on May 27, 2028 and to 3.75% on May 27, 2030. 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 starting May 27, 2024.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
|
Issue: | Callable step-up coupon notes
|
Amount: | $3,562,000
|
Maturity: | May 27, 2031
|
Coupon: | 2.125% initially, stepping up to 2.5% on May 27, 2026, to 3% on May 27, 2028 and to 3.75% on May 27, 2030; payable semiannually
|
Price: | Par
|
Payout at maturity: | Par plus any interest due
|
Call option: | At par on any quarterly redemption date starting May 27, 2024
|
Pricing date: | May 25
|
Settlement date: | May 27
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 1.1%
|
Cusip: | 17298CMD7
|
© 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.