C-N Citigroup Capital VIII 7.875% Fixed rate Floating Rate trust Preferred Securities (TruPS)
Citigroup Capital XIII is a statutory trust. The trust holds a series of 7.875% fixed rate/floating rate junior subordinated deferrable interest debentures due October 30, 2040. If you purchase the capital securities, you are entitled to receive cumulative cash distributions on the liquidation amount of $25 per capital security as follows: a) 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; and b) from and including October 30, 2015 to but excluding October 30, 2040, at an annual rate equal to three-month LIBOR plus 6.37% payable quarterly in arrears on January 30, April 30, July 30 and January 30, beginning January 30, 2016. Citigroup Capital will redeem capital securities on the dates and to the extent the junior subordinated debt securities are redeemed. Thus, the capital securities may be redeemed, in whole or in part, at the option of Citigroup at any time on or after October 30, 2015 at a redemption price equal to 100% of the principal amount being redeemed, plus accrued and unpaid interest through the date of redemption. This security was issued by Citigroup Inc, whose common stock symbol is C.
$27.20
As of 07/08/2022 IEX book CBOE book
Security Information
Category1: US Equity
Category2: Exchange traded debt
Category3: Long-term
GICS sector: Financials
Industry: Banks—Diversified
Index country: USA
Country of incorporation: USA
IPO date: 10/04/2010
Outstanding shares: 89,840,000
Average volume: 29,443
Market cap: $2,443,648,000
Current dividend yield: 7.24% calculation
Initial coupon rate: 7.875%
Spread to LIBOR: 0.063700
Liquidation value: $25.00
Callable after: 10/30/2015
Maturity date: 10/30/2040
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: B3Z1BZ0