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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Citigroup Inc | NYSE:C | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.01 | 0.02% | 61.55 | 62.15 | 61.41 | 61.53 | 11,048,880 | 01:00:00 |
F ILED PURSUANT TO RULE 433
File No. 333-216372
CITIGROUP INC.
$1,000,000,000
4.281% FIXED RATE / FLOATING RATE CALLABLE SENIOR NOTES DUE 2048
Terms and Conditions
Issuer: | Citigroup Inc. | |
Ratings*: | Baa1 / BBB+ / A (Stable Outlook / Stable Outlook / Stable Outlook) (Moodys / S&P / Fitch) | |
Ranking: | Senior | |
Trade Date: | April 18, 2017 | |
Settlement Date: | April 25, 2017 (T+5 days) | |
Maturity: | April 24, 2048 | |
Par Amount: | $1,000,000,000 | |
Treasury Benchmark: | 2.875% due November 15, 2046 | |
Treasury Price: | $100-28 | |
Treasury Yield: | 2.831% | |
Re-offer Spread to Benchmark: | T 30 +145 bp | |
Re-offer Yield: | 4.281% | |
Fixed Rate Coupon: | 4.281%, payable semiannually in arrears from and including the Settlement Date to, but excluding, April 24, 2047 (the fixed rate period). | |
Floating Rate Coupon: | An annual floating rate equal to three-month USD LIBOR plus 1.839%, payable quarterly in arrears from and including April 24, 2047 (the floating rate period). | |
Floating Rate: | 3 month USD BBALIBOR Reuters LIBOR01 | |
Public Offering Price: | 100.000% | |
Net Proceeds to Citigroup: | $991,250,000 (before expenses) | |
Interest Payment Dates: | During the fixed rate period, each April 24 and October 24, beginning October 24, 2017, and during the floating rate period, each of July 24, 2047, October 24, 2047, January 24, 2048, and April 24, 2048, beginning July 24, 2047. Following business day convention during the fixed rate period. Modified following business day convention during the floating rate period. Business days New York. | |
Day Count: | 30/360 during the fixed rate period, Actual/360 during the floating rate period | |
Defeasance: | Applicable. Provisions of Sections 12.02 and 12.03 of the Indenture apply | |
Redemption at Issuer Option: |
We may redeem the notes, at our option, in whole at any time or in part from time to time, on or after October 24, 2017 and prior to April 24, 2047, at a redemption price equal to the sum of (i) 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the date of redemption; and (ii) the Make-Whole Amount (as defined in the Issuers Prospectus dated April 7, 2017 (the Prospectus)), if any, with respect to such notes. The Reinvestment Rate (as defined in the Prospectus) will equal the Treasury Yield defined therein calculated to April 24, 2047, plus 0.250%.
We may redeem the notes, at our option, (i) in whole, but not in part, on April 24, 2047, or (ii) in whole at any time or in part from time to time, on or after October 24, 2047 at a redemption price equal to the sum of 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the date of redemption. |
CITIGROUP INC.
$1,000,000,000
4.281% FIXED RATE / FLOATING RATE CALLABLE SENIOR NOTES DUE 2048
Redemption for Tax Purposes: | We may redeem the notes, at our option, in whole at any time, but not in part at a redemption price equal to 100% of the principal amount of the notes plus accrued and unpaid interest thereon to, but excluding, the date of redemption, if, as a result of changes in U.S. tax law, withholding tax or information reporting requirements are imposed on payments on the notes to non-U.S. persons. | |
Sinking Fund: | Not applicable | |
Listing: | Application will be made to list the notes on the regulated market of the Luxembourg Stock Exchange | |
Minimum Denominations/Multiples: | $1,000 / multiples of $1,000 in excess thereof | |
CUSIP: | 172967LJ8 | |
ISIN:
|
US172967LJ87
|
|
Sole Book Manager: | Citigroup Global Markets Inc. | |
Senior Co-Managers: |
Barclays Capital Inc. BBVA Securities Inc. BMO Capital Markets Corp. Mizuho Securities USA LLC nabSecurities, LLC Scotia Capital (USA) Inc. SG Americas Securities, LLC SMBC Nikko Securities America, Inc. UBS Securities LLC UniCredit Capital Markets LLC |
|
Junior Co-Managers: |
ABN AMRO Securities (USA) LLC Bank of China Limited, London Branch BB&T Capital Markets, a division of BB&T Securities, LLC Blaylock Beal Van, LLC CastleOak Securities, L.P. Credit Agricole Securities (USA) Inc. DBS Bank Ltd. Global Oak Capital Markets, LLC Imperial Capital, LLC Loop Capital Markets LLC Multi-Bank Securities, Inc. Penserra Securities LLC RBC Capital Markets, LLC Regions Securities LLC The Williams Capital Group, L.P. |
* | Note: A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time. |
Citigroup Inc. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and the other documents Citigroup has filed with the SEC for more complete information about Citigroup and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. The file number for Citigroups registration statement is No. 333-216372. Alternatively, you can request the prospectus by calling toll-free in the United States 1-800-831-9146.
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