By Sarah Lizee
Olympia, Wash., March 30 – Citigroup Global Markets Holdings Inc. priced $2.2 million of callable step-up coupon notes due March 25, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 1.65% initially, stepping up to 1.7% on March 25, 2021 and to 1.75% on March 25, 2022. Interest will be payable quarterly.
The payout at maturity will be par plus any interest.
The notes will be callable at par, in whole and not in part, on any quarterly redemption date after one year.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Callable step-up coupon notes
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| Amount: | $2.2 million
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| Maturity: | March 25, 2024
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| Coupon: | 1.65% initially, stepping up to 1.7% on March 25, 2021 and to 1.75% on March 25, 2022; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par plus any interest due
|
| Call option: | At par on any quarterly redemption date after one year
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| Pricing date: | March 20
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| Settlement date: | March 25
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.4%
|
| Cusip: | 17328VEQ9
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