By Angela McDaniels
Tacoma, Wash., Feb. 25 – Citigroup Inc. priced $3 million of callable step-up coupon notes due Feb. 26, 2041, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 4% in years one through five, 4.25% in years six through 10, 4.5% in years 11 through 15, 4.75% in years 16 through 20, 5% in years 21 through 24 and 5.5% in year 25. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Feb. 26, 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
|
| Amount: | $3 million
|
| Maturity: | Feb. 26, 2041
|
| Coupon: | 4% in years one through five, 4.25% in years six through 10, 4.5% in years 11 through 15, 4.75% in years 16 through 20, 5% in years 21 through 24 and 5.5% in year 25; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Beginning Feb. 26, 2017, notes will be callable at par on any quarterly redemption date
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17298C7D4
|
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