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Citigroup plans callable step-up coupon notes with 2.15% initial rate
By Wendy Van Sickle
Columbus, Ohio, March 23 – Citigroup Global Markets Holdings Inc. plans to price callable step-up coupon notes due April 3, 2022, according to a 424B3 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 2.15% initially, stepping up to 3% in April 2020 and to 5% in April 2021. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly date beginning in April 2020.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on March 29.
The Cusip number is 17298CFG8.
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