By Marisa Wong
Morgantown, W.Va., Aug. 5 – Citigroup Inc. priced $1.5 million of callable step-up coupon notes due Aug. 3, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.5% for the first two years, stepping up to 1.6% on Aug. 3, 2018 and to 1.7% on Aug. 3, 2020. Interest will be payable quarterly.
The payout at maturity will be par.
The notes will be callable quarterly at par after two years.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $1.5 million
|
| Maturity: | Aug. 3, 2021
|
| Coupon: | 1.5% for the first two years, stepping up to 1.6% on Aug. 3, 2018 and to 1.7% on Aug. 3, 2020; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly redemption date after two years
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17298CES3
|
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