C-K Citigroup ADRs of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Series K

Citigroup will pay cash dividends on the Preferred Stock, only when, as, and if declared by the board of directors of Citigroup, or a duly authorized committee of the board, out of funds legally available to pay dividends, (i) from the date of issuance of the Preferred Stock to, but excluding November 15, 2023, at an annual rate of 6.875% on the liquidation preference amount, quarterly in arrears, on February 15, May 15, August 15 and November 15 of each year (each, a “dividend payment date”), beginning on February 15, 2014, and (ii) from, and including, November 15, 2023, at an annual rate equal to three-month LIBOR plus 4.130% beginning on February 15, 2024. Dividends will not be cumulative. Citigroup may redeem the Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after November 15, 2023, or (ii) in whole but not in part at any time within 90 days following a Regulatory Capital Event, in each case at a cash redemption price equal to $25 per depositary share plus any declared and unpaid dividends and without accumulation of any undeclared dividends, to but excluding the redemption date. Under current rules and regulations, Citigroup would need regulatory approval to redeem the Preferred Stock.   This security was issued by Citigroup Inc, whose common stock symbol is C.

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As of 10/20/2021 16:00:01 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks—Diversified
Index country:  USA
Country of incorporation:  USA
IPO date:  10/28/2013
Outstanding shares:  52,000,000
Average volume:  96,646
Market cap:   $1,463,280,000
Current dividend yield:  6.11%    calculation
Initial coupon rate:    6.875%
Spread to LIBOR: 0.041300
Cumulative:    No
Liquidation value:   $25.00
Callable after:   11/15/2023
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    172967341
ISIN:        US1729673418
Sedol:      BG05028

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