Summary by Moomoo AI
Citigroup Inc. has issued $3,154,000 in Callable Fixed Rate Notes due December 23, 2039. The notes offer a 5.00% per annum interest rate, payable semi-annually, with Citigroup retaining the right to call for mandatory redemption starting June 23, 2027.The notes are priced at $1,000 per note, with an underwriting fee of up to $16.50 per note. CGMI, an affiliate of Citigroup, is acting as the underwriter. The notes are subject to Citigroup's credit risk and may be assumed by a wholly-owned subsidiary of Citigroup under certain conditions.Investors should note that the notes are not listed on any securities exchange, which may limit their ability to sell prior to maturity. The notes are intended to qualify as eligible debt securities for the Federal Reserve's total loss-absorbing capacity (TLAC) rule.
