By Wendy Van Sickle
Columbus, Ohio, July 5 – Citigroup Global Markets Holdings Inc. priced $30 million of fixed-to-floating rate notes due July 28, 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 3.55% per annum for the first month. After that, Interest will be equal to the swap rate plus 29 basis points. Interest will be payable monthly and cannot be less than 0% per annum.
The payout at maturity will be par.
Citigroup Inc. guarantees the notes.
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 rate notes
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Underlying index: | Two-year U.S. dollar SOFR ICE Swap Rate
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Amount: | $30 million
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Maturity: | July 28, 2023
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Coupon: | 3.55% for first month, then swap rate plus 29 bps with floor of 0% per annum, payable monthly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | June 28
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Settlement date: | June 30
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Agent: | Citigroup Global Markets Inc
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Fees: | 0.15%
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Cusip: | 17330PSZ3
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