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Citigroup plans to price 10-year floating-rate notes linked to CPI
By Susanna Moon
Chicago, Sept. 26 – Citigroup Inc. plans to price floating-rate notes due Oct. 15, 2024 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be set at the year-over-year change in the CPI plus 112.5 basis points. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Sept. 30 and settle on Oct. 15.
The Cusip number is 1730T0Z51.
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