By Wendy Van Sickle
Columbus, Ohio, Nov. 18 – Citigroup Inc. priced $20.5 million of floating-rate notes due Nov. 19, 2061 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR minus 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.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
|
| Amount: | $20.5 million
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| Maturity: | Nov. 19, 2061
|
| Coupon: | SOFR minus 0.35% with a floor of 0%, payable quarterly; rate resets quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 19
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17329U4E8
|
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