New Issue: Citigroup prices $5.56 million fixed-to-floaters with 2% initial rate

By Jennifer Chiou

New York, Oct. 29 - Citigroup Inc. priced $5,559,000 of fixed-to-floating notes due Dec. 28, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2% for the first year. After that, it will be Libor plus 20 basis points, subject to a maximum interest rate of 4.5% and a minimum rate of 1%. Interest is payable quarterly.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Fixed-to-floating notes
Amount:	$5,559,000
Maturity:	Dec. 28, 2018
Coupon:	2% initially; beginning on Oct. 30, 2014, Libor plus 20 bps, floor of 1% and capped at 4.5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing dates:	Oct. 25
Settlement date:	Oct. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	1730T0VM8

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