By Angela McDaniels
Tacoma, Wash., Jan. 29 – Citigroup Inc. priced $9.93 million of callable step-up coupon notes due Jan. 30, 2034, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 4.5% in years one through five, 4.65% in years six through 10 and 4.8% in years 11 through 15. Interest is payable quarterly.
The payout at maturity will be par.
Beginning Jan. 30, 2022, the notes will be callable at par on any quarterly redemption date.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Callable step-up coupon notes
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Amount: | $9.93 million
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Maturity: | Jan. 30, 2034
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Coupon: | 4.5% in years one through five, 4.65% in years six through 10 and 4.8% in years 11 through 15; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any quarterly redemption date beginning Jan. 30, 2022
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Pricing date: | Jan. 25
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Settlement date: | Jan. 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17298CGQ5
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