By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – Citigroup Global Markets Holdings Inc. priced $75 million of fixed-to-floating-rate notes due Feb. 24, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 2.25% for first six months, then Libor plus 35 bps, subject to a floor of 0.35%. Interest is payable quarterly.
The notes are putable annually at a price of 98 from Feb. 19, 2020 through Feb. 19, 2029, 99 from Feb. 19, 2030 through Feb. 19, 2039 and at par starting on Feb. 19, 2040.
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: | $75 million
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| Maturity: | Feb. 24, 2023
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| Coupon: | 2.25% for first six months, then Libor plus 35 bps, subject to a floor of 0.35%; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Feb. 19
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| Settlement date: | Feb. 24
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.16%
|
| Cusip: | 17298CHZ4
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