Preferred Stock Channel
Citigroup Inc | 8.125% Non-Cumulative Preferred Stock, Series AA (C.PRP)

This preferred is marked as having been called.
Prospectus excerpt:  Citigroup Inc. is offering 130,000,000 depositary shares, each representing a 1/1,000th interest in a share of perpetual 8.125% Non-Cumulative Preferred Stock, Series AA, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 liquidation preference per depositary share) (the ˘Preferred Stock÷). Each depositary share, evidenced by a depositary receipt, entitles the holder, through the depositary, to a proportional fractional interest in all rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights).

Citigroup will pay cash dividends on the Preferred Stock, when, as, and if declared by the board of directors of Citigroup or a duly authorized committee of the board, quarterly in arrears, on February 15, May 15, August 15 and November 15 of each year, beginning on February 15, 2008, at a rate of 8.125% per year on the liquidation preference amount of $25,000 per share of Preferred Stock (equivalent to $2.03125 per depositary share per year). Dividends on the Preferred Stock will not be cumulative.

The Preferred Stock is not redeemable prior to the dividend payment date occurring on February 15, 2018. Citigroup may redeem the Preferred Stock, in whole or in part, on any dividend payment date on or after February 15, 2018 as to which Citigroup has declared a dividend in full on the Preferred Stock at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share). Under current rules and regulations, Citigroup would need regulatory approval to redeem the Preferred Stock. Additionally, any redemption of the Preferred Stock prior to the termination of the capital replacement covenant will be subject to the terms of such covenant as described in this prospectus supplement.

Citigroup is concurrently offering in private placements exempt from registration under the Securities Act $12.5 billion aggregate liquidation preference of non-cumulative convertible preferred stock represented by depositary shares ranking equally with the Preferred Stock. In addition, Citigroup is concurrently offering to the public convertible preferred stock represented by depositary shares ranking equally with the Preferred Stock. The offering of the Preferred Stock is not conditioned on the completion of any other offering.

Full Prospectus PDF », C Page »

Alternate symbology:C-P, C-PP, CprP
Call Date:2/15/2018 (Now Trading Post Call Date)
Shares Offered:130,000,000
Liquidation Preference:$25
Original Coupon:8.13%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
Citigroup is a financial services holding company whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Co. operates via two primary business segments: Global Consumer Banking, which provides banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services; and Institutional Clients Group, which includes banking and markets and securities services.


Open the C Information Page »
Name:  Citigroup Inc
Sector:  Banking & Savings
Number of ETFs Holding C:  122 (see which ones)
Total Market Value Held by ETFs:  $19,043,383,462.19
Total Market Capitalization:  $177,363,000,000
% of Market Cap. Held by ETFs:  10.74%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Citigroup Inc | 8.125% Non-Cumulative Preferred Stock, Series AA (C.PRP) Information Page | Preferred Stock Channel | | Copyright © 2011 - 2020, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.