By Wendy Van Sickle
Columbus, Ohio, June 6 – Citigroup Inc. priced $50 million of floating-rate notes due June 1, 2027 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR plus a spread of 160 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.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
|
| Amount: | $50 million
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| Maturity: | June 1, 2027
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| Coupon: | SOFR plus 160 bps with a floor of 0% for the interest rate, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | May 26
|
| Settlement date: | June 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.55%
|
| Cusip: | 17290AEG1
|
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