E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/8/2019 in the Prospect News Structured Products Daily.

Citigroup plans to price callable step-up notes with 2.75% initial rate

Chicago, Feb. 8 – Citigroup Global Markets Holdings Inc. plans to price callable step-up coupon notes due March 5, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 2.75% in the first year, 2.85% in the second year and 2.95% in the third year. Interest will be payable semiannually.

The notes are callable at the issuer’s option, in whole but not in part, on March 5, 2020 and March 5, 2021.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Feb. 28.

The Cusip number is 17326YTJ5.


© 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.