Citizens Financial Group 6.35% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D

By: ,

Date Issued   1/22/2019

S&P Rating   BB+  Moodys Rating   NR

Shares Sold   12,000,000     Overallotment Shares    0

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Security Ticker Symbol   CFG-D

Market Traded ON   NYSE

Dividend Payment Paid on the 6th of January, April, July and October beginning on 6/06/2019

Quarterly Dividend   .397   Annual Dividend   1.59

The coupon is fixed at 6.35% until 4/5/2024 after which it will float at a rate of 3 month Libor plus a spread of 3.642%.

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Securities may be redeemed, at the issuers option, as early as 04/06/2024 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Citizens Financial Group

Click here to find the offering Prospectus and Final Pricing Document

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