By William Gullotti
Buffalo, N.Y., May 19 – Citigroup Global Markets Holdings Inc. priced $10 million of floating-rate notes due April 22, 2026 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
The interest rate is SOFR plus a spread of 0.54% per year initially with a floor of 0%, beginning on July 22. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
|
| Amount: | $10 million
|
| Maturity: | April 22, 2026
|
| Coupon: | SOFR plus spread of 0.54%, with floor of 0%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | April 20
|
| Settlement date: | April 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.55%
|
| Cusip: | 17329FCR3
|
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