By Angela McDaniels
Tacoma, Wash., July 29 – Citigroup Inc. priced $9 million of callable step-up coupon notes due July 30, 2034, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 4% in years one through 10 and 4.25% in years 11 through 20. Interest is payable quarterly.
The payout at maturity will be par.
Beginning July 30, 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: | $9 million
|
| Maturity: | July 30, 2034
|
| Coupon: | 4% in years one through 10 and 4.25% in years 11 through 20; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from July 30, 2019 onward
|
| Pricing date: | July 25
|
| Settlement date: | July 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 1730T0V48
|
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