By Wendy Van Sickle
Columbus, Ohio, Sept. 29 – Citigroup Global Markets Holdings Inc. priced $5.6 million of floating-rate notes due Sept. 28, 2062, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to SOFR minus 10 basis points. subject to a minimum interest rate of 0% per year. Interest is payable quarterly.
The notes are putable annually after two years at 97 on Sept. 28, 2024, at 98 on Sept. 28, 2025 and at par starting on Sept. 28, 2026.
The payout at maturity will be par.
Citigroup Inc. guarantees the notes.
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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| Amount: | $5.6 million
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| Maturity: | Sept. 28, 2062
|
| Coupon: | SOFR minus 10 bps with 0% annualized minimum interest rate; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Put option: | Annually after two years at 97 on Sept. 28, 2024, at 98 on Sept. 28, 2025 and at par starting on Sept. 28, 2026
|
| Pricing date: | Sept. 26
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| Settlement date: | Sept. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17330RMW2
|
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