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Citigroup to price callable step-up notes with 2.4% initial rate
By Sarah Lizee
Olympia, Wash., May 8 – Citigroup Global Markets Holdings Inc. plans to price callable step-up coupon notes due June 4, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.4% initially, stepping up to 2.6% in June 2019 and to 2.75% in June 2020. Interest will be payable quarterly.
The payout at maturity will be par.
The notes will be callable in whole at par on any quarterly date beginning on June 4, 2019.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price on May 30 and settle three business days later.
The Cusip number is 17324CUU8.
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