Citigroup to price callable floating-rate notes due 2028 on CMS rates

By Sarah Lizee

Olympia, Wash., March 2 – Citigroup Global Markets Holdings Inc. plans to price callable floating-rate notes due March 20, 2028 linked to 30-year Constant Maturity Swap rate and the two-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest will be equal to 14 times the spread of the 30-year CMS rate minus the two-year CMS rate, subject to a maximum interest rate of 10% and a minimum interest rate of 0%. Interest will be payable quarterly.

The notes are callable in whole at par on any interest payment date beginning on March 20, 2019.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the agent.

The notes are expected to price on March 15 and settle three business days after.

The Cusip number is 17324CSP2.

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