By Susanna Moon
Chicago, Jan. 8 – Citigroup Global Markets Holdings Inc. priced $235,000 of non-callable fixed-to-floating notes due Dec. 26, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be fixed at 3.1% for the first year. After that, it will be equal to Libor. Interest will be payable quarterly and cannot be less than zero.
The payout at maturity will be par.
The notes will be 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: | Fixed-to-floating notes
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| Amount: | $235,000
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| Maturity: | Dec. 26, 2021
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| Coupon: | 3.1% initially; beginning Dec. 26, 2019, Libor with floor of zero; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17326YM29
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