By Wendy Van Sickle
Columbus, Ohio, June 25 – Citigroup Global Markets Holdings Inc. priced $35 million of floating-rate notes due Dec. 27, 2022 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
The interest rate is SOFR plus a spread of 0.29% per year initially with a floor of 0%. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
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: | Floating-rate notes
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Underlying rate: | SOFR
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Amount: | $35 million
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Maturity: | Dec. 27, 2022
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Coupon: | SOFR plus spread of 0.29%, with floor of 0%; payable quarterly
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Price: | Par
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Payout at maturity: | Par plus accrued and unpaid interest
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Pricing date: | June 23
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Settlement date: | June 25
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17329FX66
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