By Angela McDaniels
Tacoma, Wash., Feb. 26 – Citigroup Inc. priced $10 million of callable step-up coupon notes due Feb. 27, 2030, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 3% in years one through five, 3.5% in years six through nine, 4% in years 10 through 12, 5% in years 13 and 14 and 7% in year 15. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Feb. 27, 2018, 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: | $10 million
|
| Maturity: | Feb. 27, 2030
|
| Coupon: | 3% in years one through five, 3.5% in years six through nine, 4% in years 10 through 12, 5% in years 13 and 14 and 7% in year 15; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Feb. 25, 2018 onward
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 1730T04S5
|
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