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Citigroup plans callable step-up notes due 2022 with 2.7% initial rate
By Angela McDaniels
Tacoma, Wash., March 5 – Citigroup Global Markets Holdings Inc. plans to price callable step-up coupon notes due April 1, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The interest rate will be 2.7% in the first year, 2.75% in the second year and 2.8% in the third year. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par annually.
Citigroup Global Markets Inc. is the underwriter.
The notes will price March 28.
The Cusip number is 17326YLS3.
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