By Jennifer Chiou
New York, May 27 - Citigroup Inc. priced $3.5 million of callable step-up coupon notes due May 28, 2034, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 4% for the first 10 years, stepping up to 4.375% until May 28, 2029 and to 4.75% after that. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning on May 28, 2019.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $3.5 million
|
| Maturity: | May 28, 2034
|
| Coupon: | 4% initially, stepping up to 4.375% until May 28, 2029 and to 4.75% thereafter; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning May 28, 2019
|
| Pricing date: | May 22
|
| Settlement date: | May 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 1730T0Q77
|
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