By Susanna Moon
Chicago, July 31 – Citigroup Inc. priced $1 million of range accrual notes due Aug. 3, 2020 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 2.7% for each day that Libor is 3% or less. Interest will be payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
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| Issue: | Range accrual notes
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| Amount: | $1 million
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| Maturity: | Aug. 3, 2020
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| Coupon: | 2.7% accrual for each day that Libor is 3% or less; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | July 28
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| Settlement date: | Aug. 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17298CCZ9
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