By Sarah Lizee
Olympia, Wash., Nov. 21 – Citigroup Global Markets Holdings Inc. priced $3.34 million of floating-rate notes due Nov. 20, 2023 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is equal to the year-over-year change in the CPI plus 130 basis points. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $3,335,000
|
| Maturity: | Nov. 20, 2023
|
| Coupon: | Year-over-year change in index plus 130 bps, subject to a floor of 0%; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 20
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.9%
|
| Cusip: | 17326YVN3
|
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