By Wendy Van Sickle
Columbus, Ohio, May 17 – Citigroup Inc. priced $2.64 million of collared floating-rate notes due May 17, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to SOFR, subject to a minimum interest rate of 2.9% per year and a maximum interest rate of 6% per year. Interest is payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Citigroup Inc.
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| Issue: | Collared floating-rate notes
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| Amount: | $2.64 million
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| Maturity: | May 17, 2025
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| Coupon: | SOFR, subject to 2.9% minimum interest rate and 6% maximum interest rate; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | May 13
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| Settlement date: | May 17
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| Underwriter: | Citigroup Global Markets Inc.
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fee: | 0.97%
|
| Cusip: | 17290AKC3
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