By Susanna Moon
Chicago, Sept. 26 – Citigroup Inc. priced $8 million of callable dual range accrual notes due Sept. 29, 2029 linked to Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 6% for each day that Libor is 5% or less and the index closes at or above the 75% barrier level. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after one year.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
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| Issue: | Callable dual range accrual notes
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| Underlyings: | Libor and S&P 500 index
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| Amount: | $8 million
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| Maturity: | Sept. 29, 2029
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| Coupon: | 6% for each day that Libor is 5% or less and index closes at or above accrual barrier level; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date beginning Sept. 29, 2015
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| Accrual barrier level: | 1,498.725, 75% of initial index level
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| Pricing date: | Sept. 24
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| Settlement date: | Sept. 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 1730T0X38
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