New Issue: Citigroup prices $480,000 fixed-to-floaters tied to CPI with 0.6% floor

By Toni Weeks

San Luis Obispo, Calif., Sept. 25 - Citigroup Inc. priced $480,000 of fixed-to-floating notes due Sept. 27, 2020 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3% for the first two years. After that it will be equal to the year-over-year change in the CPI plus 60 basis points, subject to a minimum rate of 0.6%. Interest is payable monthly.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Fixed-to-floating notes
Underlying index:	Consumer Price Index
Amount:	$480,000
Maturity:	Sept. 27, 2020
Coupon:	3% initially; beginning Sept. 27, 2015, year-over-year change in index plus 60 bps, floor of 0.6%; payable monthly
Price:	Par
Payout at maturity:	Par
Pricing dates:	Sept. 24
Settlement date:	Sept. 27
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	1730T0VC0

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