By Kiku Steinfeld
Chicago, March 29 – Citigroup Global Markets Holdings Inc. priced $2.25 million of callable step-up coupon notes due March 16, 2031 according to a 424B2 filing with the Securities and Exchange Commission.
Interest is 2% initially, stepping up 2.25% on March 16, 2027 and to 2.75% on March 16, 2029. Interest is payable semiannually.
The payout at maturity will be par plus interest.
The notes are callable at par, in whole and not in part, on any quarterly redemption date beginning in March 2024.
The notes are guaranteed by Citigroup Inc.
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: | $2,248,000
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| Maturity: | March 16, 2031
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| Coupon: | 2% initially, stepping up to 2.25% on March 16, 2027 and to 2.75% on March 16, 2029; payable semiannually
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| Price: | Par
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| Payout at maturity: | Par plus interest
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| Call option: | At par on any quarterly redemption date beginning in March 2024
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| Pricing date: | March 12
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| Settlement date: | March 16
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.516%
|
| Cusip: | 17298CLJ5
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