By Wendy Van Sickle
Columbus, Ohio, May 18 – Citigroup Global Markets Holdings Inc. priced $48.1 million of floating-rate notes due May 19, 2062 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR minus a spread of 35 basis points with a floor of 0% for the interest rate. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
Investors may request their notes by repurchased annually at 98 starting May 19, 2025, at 99 starting May 19, 2038 and at par starting May 19, 2053.
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: | $48.1 million
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| Maturity: | May 19, 2062
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| Coupon: | SOFR minus 35 bps with a floor of 0% for the interest rate, payable quarterly
|
| Price: | Par
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| Put option: | Annually at 98 starting May 19, 2025, at 99 starting May 19, 2038 and at par starting May 19, 2053
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| Payout at maturity: | Par plus accrued interest
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| Pricing date: | May 16
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| Settlement date: | May 19
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330FZP9
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