EFTA Document EFTA01452386

Subject: Citi K fixed-to-float... [C] 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 pre