other_material
confidence high
sentiment neutral
materiality 0.50
Citigroup creates new 6.875% Fixed Rate Reset Noncumulative Preferred Stock, Series GG
CITIGROUP INC
- Certificate of Designations filed July 22, 2025 for Series GG preferred stock with 6.875% fixed rate reset.
- Depositary shares representing a 1/25th interest in each Series GG share offered via underwriting agreement dated July 16, 2025.
- Series GG is noncumulative with no stated maturity; terms amend Citigroup's restated certificate of incorporation.
- Underwriting agreement, deposit agreement, and legal opinion included as exhibits; proceeds not specified.
item 5.03item 9.01