| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citigroup to price callable step-up notes with 3.25% initial rate
By Angela McDaniels
Tacoma, Wash., July 29 – Citigroup Inc. plans to price callable step-up coupon notes due Aug. 18, 2036, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 3.25% in years one through 10, 3.5% in years 11 through 17, 4% in year 18, 4.5% in year 19 and 5% in year 20. Interest will be payable semiannually.
The payout at maturity will be par.
Beginning Aug. 18, 2021, the notes will be callable at par on any quarterly redemption date.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Aug. 15.
The Cusip number is 1730T3BS1.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.