By Marisa Wong
Madison, Wis., March 17 - Citigroup Funding Inc. priced $20 million of callable step-up notes due March 18, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will initially be 4%, stepping up to 5% on March 18, 2015, to 6% on March 18, 2018 and to 7% on March 18, 2020. Interest is payable semiannually.
The payout at maturity will be par.
Beginning on March 18, 2015, the notes will be callable at par on any interest payment date.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $20 million
|
| Maturity: | March 18, 2021
|
| Coupon: | 4% initially, stepping up to 5% on March 18, 2015, to 6% on March 18, 2018 and to 7% on March 18, 2020; payable semiannually
|
| Price: | Par
|
| Call option: | At par on any interest payment date after four years
|
| Pricing date: | March 15
|
| Settlement date: | March 18
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 1730T0JY6
|
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