Citigroup Updates on Various Securities and Capital Structure
Ticker: C-PR · Form: 8-K · Filed: Feb 15, 2024 · CIK: 831001
| Field | Detail |
|---|---|
| Company | Citigroup Inc (C-PR) |
| Form Type | 8-K |
| Filed Date | Feb 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, corporate-filing, securities, capital-structure
Related Tickers: C
TL;DR
**Citigroup filed a routine 8-K updating details on its existing preferred stock and various notes, including those due in 2035 and 2036.**
AI Summary
Citigroup Inc. filed an 8-K on February 15, 2024, reporting on February 14, 2024, to update on various securities. The filing details include Common Stock, 7.125% Fixed/Float Rate Non-cumulative Preferred Stock Series J, 7.625% TRUPS of Cap III, 7.875% FXD/FRN TruPS of Cap XIII, and several MTN Series N Callable Step-Up Coupon Notes and Floating Rate Notes with maturities in 2035 and 2036. This appears to be a routine update on its capital structure.
Why It Matters
This filing provides a routine update on Citigroup's existing capital structure, including details on various preferred stocks and notes, which is important for investors tracking the company's outstanding debt and equity instruments.
Risk Assessment
Risk Level: low — This 8-K is a routine filing providing an update on existing securities and does not indicate any new material financial events or risks.
Key Numbers
- 7.125% — Preferred Stock Rate (Fixed/Float Rate Non-cumulative Preferred Stock Series J)
- 7.625% — TRUPS Rate (TRUPS of Cap III)
- 7.875% — TruPS Rate (FXD/FRN TruPS of Cap XIII)
- 2035 — Maturity Year (MTN Series N Callable Fixed Rate Notes)
- 2036 — Maturity Year (MTN Series N Callable Step-Up Coupon Notes)
Key Players & Entities
- CITIGROUP INC (company) — filer
- TRAVELERS GROUP INC (company) — former company name
- TRAVELERS INC (company) — former company name
- PRIMERICA CORP /NEW/ (company) — former company name
- CGMHI (company) — issuer/guarantor of notes
- 7.125% (dollar_amount) — rate for Preferred Stock Series J
- 7.625% (dollar_amount) — rate for TRUPS of Cap III
- 7.875% (dollar_amount) — rate for TruPS of Cap XIII
FAQ
What company filed this 8-K?
CITIGROUP INC filed this 8-K.
What was the conformed period of report for this filing?
The conformed period of report was 2024-02-14.
What type of preferred stock is mentioned in the filing?
The filing mentions 7.125% Fixed/Float Rate Non-cumulative Preferred Stock Series J.
What are the maturity years for some of the MTN Series N Callable Step-Up Coupon Notes?
Some MTN Series N Callable Step-Up Coupon Notes are due in March 2036 and February 2036.
What is the interest rate for the FXD/FRN TruPS of Cap XIII?
The interest rate for the FXD/FRN TruPS of Cap XIII is 7.875%.
Filing Stats: 902 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2024-02-14 20:44:15
Filing Documents
- dp206818_8k.htm (8-K) — 55KB
- dp206818_ex0501.htm (EX-5.1) — 17KB
- dp206818_ex0502.htm (EX-5.2) — 15KB
- dp206818_ex0503.htm (EX-5.3) — 16KB
- image_001.jpg (GRAPHIC) — 2KB
- image_002.jpg (GRAPHIC) — 1KB
- image_003.jpg (GRAPHIC) — 1KB
- 0000950103-24-002224.txt ( ) — 548KB
- c-20240214.xsd (EX-101.SCH) — 6KB
- c-20240214_def.xml (EX-101.DEF) — 34KB
- c-20240214_lab.xml (EX-101.LAB) — 88KB
- c-20240214_pre.xml (EX-101.PRE) — 66KB
- dp206818_8k_htm.xml (XML) — 18KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 5.1 Opinion of Karen Wang, Esq. 5.2 Opinion of Davis Polk & Wardwell LLP, as special products counsel to Citigroup Inc. 5.3 Opinion of Davis Polk & Wardwell LLP, as special products counsel to Citigroup Global Markets Holdings Inc. 23.1 Consent of Karen Wang, Esq. (included in Exhibit 5.1) 23.2 Consent of Davis Polk & Wardwell LLP, as special products counsel to Citigroup Inc. (included in Exhibit 5.2) 23.3 Consent of Davis Polk & Wardwell LLP, as special products counsel to Citigroup Global Markets Holdings Inc. (included in Exhibit 5.3) 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 14, 2024 CITIGROUP INC. By: /s/ Karen Wang Karen Wang Assistant Secretary