By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – Citigroup Inc. priced $50 million of callable step-up coupon notes due Nov. 8, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.3% initially, stepping up to 2.5% on Nov. 8, 2022 and to 2.75% on Nov. 8, 2023. Interest will be payable quarterly.
The payout at maturity will be par plus any interest.
The notes will be callable at par, in whole and not in part, on any quarterly redemption date beginning Nov. 28, 2022.
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: | $50 million
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Maturity: | Nov. 8, 2024
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Coupon: | 2.3% initially, stepping up to 2.5% on Nov. 8, 2022 and to 2.75% on Nov. 8, 2023; 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 Nov. 28, 2022
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Pricing date: | Nov. 5
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Settlement date: | Nov. 8
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.7%
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Cusip: | 17298CHJ0
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