New Issue: Citigroup prices $6.35 million fixed-to-floaters with 1% initial rate

By Marisa Wong

Madison, Wis., Nov. 26 - Citigroup Inc. priced $6.35 million of fixed-to-floating notes due Nov. 27, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 1% for the first year. After that, it will be Libor plus 68 basis points, subject to a minimum rate of 0%. 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:	$6.35 million
Maturity:	Nov. 27, 2018
Coupon:	1% initially; beginning on Nov. 27, 2014, Libor plus 68 bps, floor of 0%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing dates:	Nov. 22
Settlement date:	Nov. 27
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.3%
Cusip:	1730T0C80

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