From: Tazia Smith <I To: [email protected] Cc: Paul Morris < Subject: Citi K fixed-to-float... [C] Date: Mon, 03 Feb 2014 19:14:32 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3) Classification: Confidential Jeffrey - Will be back with complete thoughts on all of the below, but given nice pullback today, some highlights (potentially timely entry points) are popping up, for one: Consider buying some of the Citi K fixed to floats today. They went ex-div today (50c) and are trading -$25.25 (down 45c). As you know, they're fixed at 6.875% and float in '23 at 3moL +413bps. One quarterly coupon and you've recouped the moderate premium to par C 6 7.3 12/31/49 $ 1 25.250 -.450 K25.230 /25.250 3x25 EXCI. At 13:57 Vo 1 177 757 C 25.300P l- 25.320N L 25.200E Val. 4.487M '9111rArReffl Table 10 3D 1P1 6M YTD 1Y SY Max Daily V 4.7: Security/Study 02/03/2014 Last Price M Line M C.4)n IMIIMI Volume ± Track Annotate News u, Zoom EP045024 Pfd l • Last Price l 25.250 T High on 01/22/14 25.890 4,- Average 25.243 1 Low on 10/30/13 24.870 Line Chart mar Event O 9.•• Volume 100.178M L • SMAVG (15) 1.077M 25.800 25.600 25.400 25.250 CJ.CV -V 25.000 24.800 IR Adtwww Oct 31 Nov 15 Nov 29 2013 Dec 16 Dec 31 Jan 15 2014 5M egg Jan 31 Tazia Smith EFTA01166566