By Toni Weeks
San Luis Obispo, Calif., June 26 – Citigroup Inc. priced $13 million of callable step-up coupon notes due June 27, 2034, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 4% initially, stepping up to 4.25% on June 27, 2024 and to 4.5% on June 27, 2029. Interest will be payable quarterly.
The payout at maturity will be par.
Beginning June 27, 2019, the notes will be callable at par on any interest payment date.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $13 million
|
| Maturity: | June 27, 2034
|
| Coupon: | 4% initially, stepping up to 4.25% on June 27, 2024 and to 4.5% on June 27, 2029; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates starting June 27, 2019
|
| Pricing date: | June 24
|
| Settlement date: | June 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 1730T0S91
|
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