By William Gullotti
Buffalo, N.Y., Aug. 26 – Citigroup Global Markets Holdings Inc. priced $59.05 million of floating rate notes due Aug. 25, 2062 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
Interest is payable quarterly at a rate equal to SOFR minus a spread of 30 basis points, subject to a floor of 0%.
Holders may require the issuer to repurchase the notes on an annual basis starting Aug. 25, 2025 at 98, at 99 starting Aug. 25, 2036 and at par starting Aug. 25, 2046.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Floating rate notes
|
Underlying rate: | SOFR
|
Amount: | $59.05 million
|
Maturity: | Aug. 25, 2062
|
Coupon: | SOFR minus 30 bps, subject to 0% floor; payable quarterly
|
Price: | Par
|
Payout at maturity: | Par
|
Put option: | Annually starting Aug. 25, 2025 at 98 through Aug. 25, 2035; amount steps up to 99 for the next 10 years and to par starting Aug. 25, 2046
|
Pricing date: | Aug. 23
|
Settlement date: | Aug. 25
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 1%
|
Cusip: | 17330R2Z7
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.