CL King Co-Manages Citigroup Preferred Stock Offering

CL King acted as a Junior Co-Manager for Citigroup’s offering of 1.5 million depository shares priced at $1,000 per share, raising $1.5 billon. Each depository share represents a 1/25th interest in a share of perpetual 5.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series O. The issue is rated Ba3/BB/BB+.