By Wendy Van Sickle
Columbus, Ohio, Sept. 1 – Citigroup Global Markets Holdings Inc. priced $75.35 million of floating-rate notes due Aug. 31, 2026 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 0.35% with a floor of 0%. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
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: | Floating-rate notes
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Underlying rate: | SOFR
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Amount: | $75.35 million
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Maturity: | Aug. 31, 2056
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Coupon: | SOFR plus 0.35% with a floor of 0%, payable quarterly; rate resets 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: | Aug. 27
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Settlement date: | Aug. 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17329QG87
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