Citigroup Files 8-K with Note Details

TL;DR

Citi dropped an 8-K detailing various medium-term senior notes due out to 2036.

AI Summary

Citigroup Inc. filed an 8-K on June 28, 2024, to report other events and financial statements. The filing includes details on various series of medium-term senior notes due between September 2026 and March 2036, and mentions Citigroup Capital XIII. No specific dollar amounts or new material events were detailed in the provided excerpt.

Why It Matters

This filing provides investors with updated information regarding Citigroup's outstanding debt instruments, specifically various series of medium-term senior notes.

Risk Assessment

Risk Level: low — The filing is routine and primarily reports on existing financial instruments and exhibits, with no indication of new material risks.

Key Players & Entities

• CITIGROUP INC (company) — Filer
• 388 GREENWICH STREET (location) — Business and Mail Address
• NEW YORK (location) — City
• DE (location) — State of Incorporation
• TRAVELERS GROUP INC (company) — Former Company
• TRAVELERS INC (company) — Former Company
• PRIMERICA CORP /NEW/ (company) — Former Company
• CitigroupCapitalXIII (company) — Subsidiary/Affiliate Mentioned

FAQ

Key Financial Figures

• $0.53 — 's quarterly common stock dividend from $0.53 to $0.56 per share (subject to quarterl
• $0.56 — rly common stock dividend from $0.53 to $0.56 per share (subject to quarterly approva

Filing Documents

• c-20240628x8k.htm (8-K) — 37KB
• c-20240628xex99d1.htm (EX-99.1) — 44KB
• 0001410578-24-001065.txt ( ) — 292KB
• c-20240628.xsd (EX-101.SCH) — 6KB
• c-20240628_def.xml (EX-101.DEF) — 17KB
• c-20240628_lab.xml (EX-101.LAB) — 28KB
• c-20240628_pre.xml (EX-101.PRE) — 17KB
• c-20240628x8k_htm.xml (XML) — 19KB

01 Other Events

Item 8.01 Other Events. Effective October 1, 2024, Citigroup Inc.'s (Citi) indicative Stress Capital Buffer (SCB) requirement is 4.1%, a decrease of 20 bps from the current 4.3%, and Citi's preliminary Standardized Common Equity Tier 1 (CET1) capital ratio regulatory requirement is 12.1%, 20 bps down from the current 12.3%. As of March 31, 2024, Citi's Standardized CET1 capital ratio was 13.5%. The Federal Reserve Board will provide Citi with its final SCB requirement by August 31, 2024, and that requirement will become effective on October 1, 2024, and will remain in effect until September 30, 2025. Citi's planned capital actions include an increase of Citi's quarterly common stock dividend from $0.53 to $0.56 per share (subject to quarterly approval by Citi's Board of Directors), starting in the third quarter of 2024. Certain statements in this report are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Citi's final Stress Capital Buffer requirement and actual capital levels and capital actions (including common stock dividends) may differ materially from those included in these statements due to a variety of factors. These factors include, among others: macroeconomic, geopolitical and other challenges and uncertainties, including those related to economic growth, inflation and interest rates; the potential outcomes of the extensive legal and regulatory proceedings, examinations, investigations, consent orders and related compliance efforts and other inquiries to which Citi is or may be subject; ongoing regulatory and legislative uncertainties and changes, including changes in regulatory capital rules, requirements or interpretations; and the precautionary statements included in this report. These factors also co

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number 99.1 Citigroup Inc. securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 as of the filing date. 104 See the cover page of this Current Report on Form 8-K, formatted in Inline XBRL. 3 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. CITIGROUP INC. Dated: June 28, 2024 By: /s/ Johnbull E. Okpara Johnbull E. Okpara Controller and Chief Accounting Officer (Principal Accounting Officer) 4

View Full Filing

View this 8-K filing on SEC EDGAR