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Citigroup Inc | Citigroup Capital XI 6.00% Capital Securities (C.PRQ)

This preferred is marked as having been called.
Prospectus exerpt:   Citigroup Capital's only source of cash to make payments on the capital securities are payments on the junior subordinated debt securities it purchases from Citigroup.

If you purchase the capital securities, you are entitled to receive cumulative cash distributions at an annual rate of 6.00% of the liquidation amount of $25 per capital security. Distributions will accumulate from the date Citigroup Capital issues the capital securities and will be paid quarterly in arrears on March 27, June 27, September 27 and December 27 of each year, beginning December 27, 2004.

If Citigroup defers interest payments on the junior subordinated debt securities, Citigroup Capital generally will defer distributions on the capital securities. A deferral may be for up to 20 consecutive quarterly interest payment periods. A deferral of distributions cannot extend, however, beyond September 27, 2034.

During any deferral period, except as described on page 31, Citigroup will not be permitted to: pay a dividend or make any distributions on its capital stock or redeem, purchase, acquire or make a liquidation payment on any of its capital stock, or make any guarantee payments relating to the foregoing; or make an interest, principal or premium payment on, or repurchase or redeem, any of its debt securities that rank equal with or junior to the junior subordinated debt securities.

Citigroup Capital must redeem all of the outstanding capital securities on September 27, 2034.

Some or all of the capital securities may be redeemed before September 27, 2034 on one or more occasions any time on or after September 27, 2009.

Full Prospectus PDF », C Page »

Redeemable?:Yes
Call Date:9/27/2009 (Now Trading Post Call Date)
Maturity Date:9/27/2034
Cumulative?:Yes
Shares Offered:24,000,000
Liquidation Preference:$25
Original Coupon:6.000%
Pay Period:Quarterly
Pay Dates:27-Mar, 27-Jun, 27-Sep, 27-Dec
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:  85 (see which ones)
Total Market Value Held by ETFs:  $5,618,159,957
Total Market Capitalization:  $153,195,000,000
% of Market Cap. Held by ETFs:  3.67%

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