Chicago, June 1 – Citigroup Global Markets Holdings Inc. priced $100,000 of callable fixed-to-floating leveraged CMS spread notes due Nov. 17, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The coupon will be 4.5% for the first year. After that, it will be 3.5 times the CMS spread, subject to a minimum rate of 1% and a maximum rate of 8% per year. The CMS spread is the 30-year Constant Maturity Swap rate minus the two-year Constant Maturity Swap rate. Interest will be payable quarterly.
Beginning Nov. 17, 2022, the notes will be callable at par on any coupon payment date.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable fixed-to-floating leveraged CMS spread notes
|
| Amount: | $100,000
|
| Maturity: | Nov. 17, 2031
|
| Coupon: | 4.5% for the first year; after that, 3.5 times the spread, subject to a minimum rate of 1% and a maximum rate of 8% per year; spread is 30-year Constant Maturity Swap rate minus two-year Constant Maturity Swap rate; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Beginning Nov. 17, 2022, at par on any coupon payment date
|
| Pricing date: | Nov. 12, 2021
|
| Settlement date: | Nov. 17, 2021
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17329U4U2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
