Citigroup Inc | 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (C.PRN)
Prospectus excerpt: The United States Department of the Treasury (ÙTreasuryˆ or the ÙSelling Securityholderˆ) is selling 89,840,000 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (TruPS´) (Ùcapital securitiesˆ). 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 ÙSummary Information ? Q&Aˆ 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.
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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 two primary operating segments: Institutional Clients Group, which includes banking and markets and securities services; and Global Consumer Banking, which provides banking services to retail customers through retail banking, branded cards and, in the U.S., retail services. Preferreds: C.PRG, C.PRH, C.PRV, C.PRZ, C.PRR, C.PRQ, C.PRO, C.PRU, C.PRW, C.PRE, C.PRF, C.PRI, C.PRP, C.PRM, C.PRN, C.PRC, C.PRJ, C.PRK, C.PRL, C.PRS Open the C Information Page » |
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