Citigroup to Redeem Citigroup Capital I Trust Preferred Securities.Business Editors NEW YORK--(BUSINESS WIRE)--December 7, 2001 Citigroup Inc. (NYSE NYSE See: New York Stock Exchange : C) announced today that it will redeem for cash on January 7, 2002, 16 million 8% Trust Preferred Securities (Symbol: CPrE; CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 17305F201) at the redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. of $25 per Preferred Security plus any accrued and unpaid distributions thereon. Distributions on the Preferred Securities cease to accrue on January 7, 2002. The Paying Agent Paying Agent An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent. is JPMorgan Chase Bank, 450 West 33rd Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York, 10001. For further information, holders of these securities may contact Faisal Essa, Citigroup Inc., 153 East 53rd Street, New York, New York, 10043; telephone: (212) 559-3553. Citigroup (NYSE: C), the preeminent global financial services company with some 190 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers. Additional information may be found at: www.citigroup.com. |
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