By Wendy Van Sickle
Columbus, Ohio, Nov. 29 – Citigroup Global Markets Holdings Inc. priced $21.2 million of floating-rate notes due Oct. 14, 2062, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to SOFR plus 10 basis points. subject to a minimum interest rate of 0% per year. Interest is payable quarterly.
After two years, investors may request their notes be repurchased annually on Oct. 14. The repurchase price is 98 from 2024 to 2029, 99 from 2029 to 2031 and par starting in 2032.
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: | $21.2 million
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Maturity: | Oct. 14, 2062
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Coupon: | SOFR plus 10 bps with 0% annualized minimum interest rate; payable quarterly
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Put option: | After two years, annually at 98 from 2024 to 2029, 99 from 2029 to 2031 and par starting in 2032
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Oct. 11
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Settlement date: | Oct. 14
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17330RXL4
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