By Wendy Van Sickle
Columbus, Ohio, March 31 – Citigroup Global Markets Holdings Inc. priced $5.15 million of floating-rate notes due March 30, 2062 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR with a floor of 0% for the interest rate. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
Holders may put the notes to the issuer for purchase annually starting after two years at 97 until March 30, 2053, then at par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Floating-rate notes
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| Underlying rate: | SOFR
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| Amount: | $5.15 million
|
| Maturity: | March 30, 2062
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| Coupon: | SOFR with a floor of 0% for the interest rate, payable quarterly
|
| Price: | Par
|
| Put right: | Annually starting after two years at 97 until March 30, 2053, then at par
|
| Payout at maturity: | Par plus accrued interest
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| Pricing date: | March 28
|
| Settlement date: | March 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17330FG62
|
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