By Wendy Van Sickle
Columbus, Ohio, June 29 – Citigroup Global Markets Holdings Inc. priced $75 million of floating-rate notes due Jan. 3, 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 0.22% 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Floating-rate notes
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| Underlying rate: | SOFR
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| Amount: | $75 million
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| Maturity: | Jan. 3, 2022
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| Coupon: | SOFR plus spread of 0.22%, with floor of 0%; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par plus accrued and unpaid interest
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| Pricing date: | June 18
|
| Settlement date: | June 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17329FZ31
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