By Sarah Lizee
Olympia, Wash., June 19 – Citigroup Global Markets Holdings Inc. priced $25 million of fixed-to-floating notes due June 19, 2026 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 4% for the first two years. Beginning June 19, 2021, the interest rate will be equal to the 10-year CMS rate, subject to a minimum interest rate of zero. Interest is payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Fixed-to-floating notes
|
| Amount: | $25 million
|
| Maturity: | June 19, 2026
|
| Coupon: | 4% for first two years; beginning June 19, 2021, 10-year CMS rate, subject to minimum of zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 18
|
| Settlement date: | June 19
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.35%
|
| Cusip: | 17298CGZ5
|
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