By Susanna Moon
Chicago, May 25 - Citigroup Funding Inc. priced $21.25 million of noncallable fixed-to-floating notes due May 30, 2015, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 2% for the first two years. After that, it will be Libor plus 110 basis points, up to a maximum interest rate of 5%.
Interest is payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Noncallable fixed-to-floating notes
|
| Amount: | $21.25 million
|
| Maturity: | May 30, 2015
|
| Coupon: | 2% initially; beginning May 30, 2014, Libor plus 110 bps, capped at 5%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 1730T0XF1
|
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