By Sarah Lizee
Olympia, Wash., Feb. 9 – Citigroup Global Markets Holdings Inc. priced $5 million of non-callable floating-rate notes due Jan. 31, 2028 linked to the 30-year Constant Maturity Swap rate and the two-year Constant Maturity Swap rate, according to a 424B3 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be equal to eight times the spread of the 30-year CMS rate minus the two-year CMS rate, subject to a minimum interest rate of 0% a year and a maximum interest rate of 10% a year. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Non-callable floating-rate notes
|
| Underlying rates: | 30-year CMS rate and two-year CMS rate
|
| Amount: | $5 million
|
| Maturity: | Jan. 31, 2028
|
| Coupon: | Eight times the spread of the 30-year CMS rate minus the two-year CMS rate, subject to a minimum interest rate of 0% and a maximum interest rate of 10%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324CR65
|
|
|
© 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.
