Citigroup plans 15-year dual range accrual notes linked to S&P 500

By Susanna Moon

Chicago, July 23 – Citigroup Inc. plans to price callable dual range accrual notes due July 29, 2029, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 5.5% for each day that Libor is 5% or less and the index closes at or above the 75% barrier level. Interest will be payable quarterly.

The payout at maturity will be par.

The notes are callable on any coupon payment date after one year.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on July 24.

The Cusip number is 1730T0V55.

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