| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citi plans 8% fixed-to-floating callables on 30-, two-year CMS rates
By Susanna Moon
Chicago, Sept. 19 – Citigroup Global Markets Holdings Inc. plans to price callable fixed-to-floating leveraged CMS spread notes due Sept. 25, 2038, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be fixed at 8% for the first year. After that, it will accrue at 30 times the spread of the 30-year U.S. dollar ICE swap rate over the two-year U.S. dollar ICE swap rate, up to a maximum interest rate of 10%. Interest will be payable quarterly.
The notes are redeemable at par on any payment date after one year.
The payout at maturity will be par.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Sept. 21.
The Cusip number is 17326YR65.
© 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.