By Angela McDaniels
Tacoma, Wash., Sept. 26 – Citigroup Inc. priced $16.5 million of floating-rate notes due Sept. 29, 2024 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a coupon at an annual rate equal to the year-over-year change in the CPI plus 100 basis points, subject to a minimum of zero.
The payout at maturity will be par. Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $16.5 million
|
| Maturity: | Sept. 29, 2024
|
| Coupon: | Year-over-year change in index plus 100 bps; payable monthly and cannot be less than zero
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 1730T0Y86
|
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