Citigroup to price non-callable fixed-to-floaters linked to Libor

By Sarah Lizee

Olympia, Wash., Aug. 2 – Citigroup Global Markets Holdings Inc. plans to price non-callable fixed- to floating-rate notes due Aug. 31, 2021 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The coupon will be fixed at 2.65% for the first year. After that, it will be equal to Libor, with a floor of zero. Interest is payable quarterly.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Aug. 28 and settle three business days later.

The Cusip number is 17324CYX8.

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