By Susanna Moon
Chicago, Dec. 27 – Citigroup Global Markets Holdings Inc. priced $11 million of fixed-to-floating notes due Dec. 28, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 3.5% for the first three years. After that, the rate will be Libor plus 100 basis points up to a maximum interest rate of 6%. Interest will be payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Fixed-to-floating notes
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Amount: | $11 million
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Maturity: | Dec. 28, 2026
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Coupon: | 3.5% initially; beginning Dec. 28, 2019, Libor plus 100 bps, capped at 6%; payable quarterly
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Price: | Variable
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Payout at maturity: | Par
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agent: | Citigroup Global Markets Inc.
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Fee: | 1.125%
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Cusip: | 17324CDJ2
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