By Marisa Wong
Los Angeles, June 27 – Citigroup Global Markets Holdings Inc. priced $50 million of floating-rate notes due July 24, 2023 linked to the two-year U.S. dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be equal to the swap rate plus a spread of 20 basis points, subject to a floor of zero. Interest will be payable monthly.
The payout at maturity will be par.
The notes are guaranteed by Citigroup Inc.
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: | Floating-rate notes
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| Underlying: | Two-year U.S. dollar SOFR ICE swap rate
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| Amount: | $50 million
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| Maturity: | July 24, 2023
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| Coupon: | Swap rate plus 20 bps; floor of zero; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | June 22
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| Settlement date: | June 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.115%
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| Cusip: | 17330PL98
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