Citigroup plans to price five-year floating-rate notes linked to CPI

By Sarah Lizee

Olympia, Wash., Oct. 29 – Citigroup Global Markets Holdings Inc. plans to price floating-rate notes due Nov. 20, 2023 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be the year-over-year change in the index plus 130 basis points. Interest will be payable monthly and cannot be less than zero.

The payout at maturity will be par.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Holdings Inc. is the agent.

The notes will settle on Nov. 16 and settle two business days later.

The Cusip number is 17326YVN3.

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