By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – Citigroup Global Markets Holdings Inc. priced $3.08 million of callable step-up coupon notes Sept. 21, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.25% initially, stepping up to 1.6% on Sept. 21, 2023, to 1.8% on Sept. 21, 2025 and to 2% on Sept. 21, 2027. Interest will be payable semiannually.
The payout at maturity will be par plus accrued interest.
The notes will be callable in whole at par on any quarterly redemption date beginning Sept. 21, 2021.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $3,084,000
|
| Maturity: | Sept. 21, 2028
|
| Coupon: | 1.25% initially, stepping up to 1.6% on Sept. 21, 2023, to 1.8% on Sept. 21, 2025 and to 2% on Sept. 21, 2027; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Call option: | In whole at par on any quarterly redemption date beginning Sept. 21, 2021
|
| Pricing date: | Sept. 17
|
| Settlement date: | Sept. 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.83%
|
| Cusip: | 17328WAE8
|
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