Kiku Steinfeld
Chicago, June 6 – Citigroup Global Markets Holdings Inc. priced $1.5 million of callable floating rate leveraged CMS spread notes due Nov. 22, 2033, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The interest rate is 6.8 times the CMS spread, subject to a minimum rate of 0% and a maximum rate of 12% per year. The CMS spread is the 30-year Constant Maturity Swap rate minus the two-year Constant Maturity Swap rate. Interest will be payable quarterly.
Beginning Nov. 22, 2022, the notes will be callable at par on any quarterly coupon payment date.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Callable floating rate leveraged CMS spread notes
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| Amount: | $1.5 million
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| Maturity: | Nov. 22, 2033
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| Coupon: | 6.8 times the spread, subject to a minimum rate of 0% and a maximum rate of 12% per year; spread is 30-year Constant Maturity Swap rate minus two-year Constant Maturity Swap rate; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Beginning Nov. 22, 2022, at par on any coupon payment date
|
| Pricing date: | Nov. 17, 2021
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| Settlement date: | Nov. 22, 2021
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17329UD40
|
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