By Sarah Lizee
Olympia, Wash., Feb. 15 – Citigroup Inc. priced $1.5 million of callable step-up coupon notes due Feb. 16, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 2.5% initially, stepping up to 3% on Feb. 16, 2021 and to 5% on Feb. 16, 2022. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Feb. 16, 2021, the notes will be callable in whole 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: | Feb. 16, 2023
|
| Coupon: | 2.5% initially, stepping up to 3% on Feb. 16, 2021 and to 5% on Feb. 16, 2022; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par in whole on any quarterly redemption date beginning Feb. 16, 2021
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 16
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17298CFW3
|
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