By Marisa Wong
Madison, Wis., March 27 – Citigroup Inc. priced $1 million of floating-rate notes due March 30, 2025 linked to the 10-year Constant Maturity Swap rate, according to a term sheet.
Interest will accrue at 1.05 times the 10-year CMS rate, payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Floating-rate notes
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Underlying rate: | 10-year Constant Maturity Swap rate
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Amount: | $1 million
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Maturity: | March 30, 2025
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Coupon: | 1.05 times the 10-year CMS rate, payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | March 25
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Settlement date: | March 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 1730T06G9
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