By Wendy Van Sickle
Columbus, Ohio, June 6 – Citigroup Global Markets Holdings Inc. priced $50 million of fixed-to-floating rate notes due July 3, 2023 linked to the one-year U.S. dollar SOFR ICE Swap Rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2.36% per annum for the first month. After that, Interest will be equal to the swap rate plus 11.5 basis points. Interest will be payable monthly and cannot be less than 0% per annum.
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.
|
Guarantor: | Citigroup Inc.
|
Issue: | Fixed-to-floating rate notes
|
Underlying index: | One-year U.S. dollar SOFR ICE Swap Rate
|
Amount: | $50 million
|
Maturity: | July 3, 2023
|
Coupon: | 2.36% for first month, then swap rate plus 11.5 bps with floor of 0% per annum, payable monthly
|
Price: | Par
|
Payout at maturity: | Par
|
Pricing date: | May 31
|
Settlement date: | June 3
|
Agent: | Citigroup Global Markets Inc
|
Fees: | 0.25%
|
Cusip: | 17330P2L2
|
|
© 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.