Issuing Entity: | Citibank Credit Card Issuance Trust |
Principal Amount: | $750,000,000 |
Initial Nominal Liquidation Amount: | Principal Amount |
Ratings: | AAA or its equivalent by at least one nationally recognized rating agency |
Interest Rate: | 5.30% per annum |
Expected Principal Payment Date: | March 15, 2016 |
Legal Maturity Date: | March 15, 2018 |
Expected Issuance Date: | March 16, 2006 |
Date Interest begins to accrue: | Issuance Date |
Interest Payment Dates: | 15th day of each March and September, beginning September 2006 |
Price to Public: | $747,127,500 (or 99.617%) |
Underwriting Discount: | $3,000,000 (or 0.400%) |
Proceeds to issuance trust: | $744,127,500 (or 99.217%) |
Underwriters and allocations: | Citigroup Global Markets Inc., $150,000,000 Banc of America Securities LLC, $150,000,000 Greenwich Capital Markets, Inc., $150,000,000 J.P. Morgan Securities Inc., $150,000,000 Lehman Brothers Inc., $150,000,000 |
Underwriters' Concession: | 0.35% |
Reallowance Concession: | 0.21% |
Monthly Accumulation Amount: | An amount equal to one twelfth of the initial dollar principal amount of these Class A notes |
Maximum Class B Note Subordination: | An amount equal to 5.98291% of the initial dollar principal amount of these Class A notes |
Maximum Class C Note Subordination: | An amount equal to 7.97721% of the initial dollar principal amount of these Class A notes |
Minimum Denomination: | $100,000 and multiples of $1,000 in excess of that amount |
Stock Exchange Listing: | Application will be made to list on the Irish Stock Exchange |
Outstanding Notes of the Citiseries: | As of March 8, 2006, there were 66 subclasses of notes of the Citiseries outstanding, with an aggregate outstanding principal amount of $60,355,249,918 consisting of: |
| Class A notes | $52,190,249,918 |
| Class B notes | $ 3,140,000,000 |
| Class C notes | $ 5,025,000,000 |
| As of March 8, 2006, the weighted average interest rate payable by the issuance trust in respect of the outstanding subclasses of notes of the Citiseries was 4.63% per annum, consisting of: |
| Class A notes | 4.53% per annum |
| Class B notes | 4.90% per annum |
| Class C notes | 5.54% per annum |
Annex I: | The information in Annex I to the prior prospectus supplement relating to the master trust receivables and accounts does not reflect the lump addition on February 25, 2006 of $1,903,134,086 of receivables (consisting of $1,878,564,812 of principal receivables and $24,569,274 of finance charge receivables). The inclusion of these receivables in the master trust is not expected to materially impact the performance of the master trust’s assets. |