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Citigroup Inc | 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (C.PRN)

Prospectus exerpt:  The United States Department of the Treasury (“Treasury” or the “Selling Securityholder”) is selling 89,840,000 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (TruPS®) (“capital securities”). Citigroup will not receive any proceeds from the sale of shares of capital securities by the Selling Securityholder. A brief description of the capital securities can be found under “Summary Information — Q&A” in this prospectus. Some or all of the capital securities may be redeemed at any time on or after October 30, 2015. In addition, the capital securities may be redeemed, in whole or in part, at any time if certain changes in tax or investment company law or interpretation occur and certain other conditions are satisfied. However, Citigroup will not have the right prior to October 30, 2015 to redeem the capital securities as a result of changes in bank regulatory law or interpretation.

Full Prospectus PDF », C Page »

Redeemable?:Yes
Call Date:10/30/2015
Maturity Date:10/30/2040
Cumulative?:Yes
Shares Offered:89,840,000
Liquidation Preference:$25
Recent Market Price:$27.01
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$2.01 (8.04%)
Annualized Dividend:1.96875
Recent Ex-Date:10/27/2014
Current Yield:7.29%
Original Coupon:From October 5, 2010 to but excluding October 30, 2015, at the annual rate of 7.875% payable quarterly in arrears on January 30, April 30, July 30 and October 30 of each year, beginning January 30, 2011
Pay Period:Quarterly
Pay Dates:30-Jan, 30-Apr, 30-Jul, 30-Oct
Citigroup is a financial services holding company whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Co. operates in two primary business segments: Citicorp, consisting of Co.'s Global Consumer Banking businesses and Institutional Clients Group; and Citi Holdings, consisting of businesses and portfolios of assets that Co. has determined are not central to its core Citicorp businesses. As of Dec 31 2013, Co. had total assets of $1.88 trillion and total deposits of $968.27 billion.

Preferreds: C.PRW, C.PRE, C.PRG, C.PRH, C.PRM, C.PRO, C.PRP, C.PRQ, C.PRR, C.PRS, C.PRU, C.PRV, C.PRZ, C.PRF.CL, C.PRI, C.PRN, C.PRC, C.PRJ, C.PRK, C.PRL


Open the C Information Page »
Name:  Citigroup Inc
Website:  www.citigroup.com
Sector:  Banking & Savings
Number of ETFs Holding C:  98 (see which ones)
Total Market Value Held by ETFs:  $5,769,047,540
Total Market Capitalization:  $158,835,000,000
% of Market Cap. Held by ETFs:  3.63%

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