By Susanna Moon
Chicago, May 28 – Citigroup Inc. priced $3.5 million of callable step-up coupon notes due May 28, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.7% for the first three years. After that, it will step up to 2%. Interest will be 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 underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Callable step-up coupon notes
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| Amount: | $3.5 million
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| Maturity: | May 28, 2020
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| Coupon: | 1.7% initially, stepping up to 2% on May 28, 2018; 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 May 28, 2016
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| Pricing date: | May 22
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| Settlement date: | May 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17298CAB4
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