By Angela McDaniels
Tacoma, Wash., Sept. 26 – Citigroup Inc. priced $3 million of callable step-up coupon notes due Sept. 29, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1.5% in year one, 1.75% in year two, 2% in years three and four and 3% in year five. Interest is payable quarterly.
The payout at maturity will be par.
Beginning Sept. 29, 2015, 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: | $3 million
|
| Maturity: | Sept. 29, 2019
|
| Coupon: | 1.5% in year one, 1.75% in year two, 2% in years three and four and 3% in year five.; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Sept. 29, 2015 onward
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 1730T0Y29
|
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