By Wendy Van Sickle
Columbus, Ohio, March 10 – Citigroup Inc. priced $50 million of floating-rate notes due March 9, 2027 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR plus a spread of 105 basis points with a floor of 0% for the interest rate. 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 Inc.
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Issue: | Floating-rate notes
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Underlying rate: | SOFR
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Amount: | $50 million
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Maturity: | March 9, 2027
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Coupon: | SOFR plus 105 bps with a floor of 0% for the interest rate, payable quarterly
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Price: | Par
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Payout at maturity: | Par plus accrued and unpaid interest
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Pricing date: | March 7
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Settlement date: | March 9
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17290AE55
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