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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.
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