By Angela McDaniels
Tacoma, Wash., Jan. 2- Citigroup Inc. priced $10 million of callable dual range accrual notes due Jan. 15, 2029 linked to Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 6.3% per year multiplied by the proportion of days on which Libor is 6% or less and the index's closing level is greater than or equal to 1,200. Interest is payable quarterly.
The payout at maturity will be par.
Beginning Jan. 15, 2015, the notes will be callable at par on any interest payment date.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Callable dual range accrual notes
|
| Underlyings: | Libor and S&P 500 index
|
| Amount: | $10 million
|
| Maturity: | Jan. 15, 2029
|
| Coupon: | 6.3% per year multiplied by proportion of days on which Libor is 6% or less and index closes at or above 1,200; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Jan. 15, 2015 onward
|
| Pricing date: | Dec. 31
|
| Settlement date: | Jan. 15
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 1730T0F53
|
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