By Wendy Van Sickle
Columbus, Ohio, May 17 – Citigroup Global Markets Holdings Inc. priced $5 million of floating-rate notes due May 17, 2029 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR plus a spread of 155 basis points with a floor of 0% for the interest rate. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Floating-rate notes
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Underlying rate: | SOFR
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Amount: | $5 million
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Maturity: | May 17, 2029
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Coupon: | SOFR plus 155 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 interest
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Pricing date: | May 13
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Settlement date: | May 17
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17330FR86
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