By Wendy Van Sickle
Columbus, Ohio, May 23 – Citigroup Global Markets Holdings Inc. priced $50 million of fixed-to-floating-rate notes due June 12, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 6.55% for the first six months, then converts to the one-year U.S. dollar SOFR ICE swap rate plus 35 basis points, subject to a floor of 0%. Interest is payable monthly.
The payout at maturity will be par.
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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Amount: | $50 million
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Maturity: | June 12, 2024
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Coupon: | 6.55% for first six months, then one-year U.S. dollar SOFR ICE swap rate plus 35 bps, subject to a floor of 0%; payable monthly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | May 10
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Settlement date: | May 12
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.08%
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Cusip: | 17331HU79
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