By Marisa Wong
Morgantown, W.Va., Jan. 4 – Citigroup Inc. priced $1.5 million of callable step-up coupon notes due Dec. 29, 2020, according to a 424B2 filed with the Securities and Exchange Commission.
The interest rate will be 2% for the first three years, stepping up to 2.25% for year four and to 2.5% for year five. Interest will be payable quarterly.
The payout at maturity will be par of $1,000.
Beginning Dec. 29, 2017, the notes will be callable at par on any quarterly redemption date.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
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| Amount: | $1.5 million
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| Maturity: | Dec. 29, 2020
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| Coupon: | 2% for the first three years, stepping up to 2.25% for year four and to 2.5% for year five; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
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| Call option: | Beginning Dec. 29, 2017, notes will be callable at par on any quarterly redemption date
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17298C5A2
|
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