New Issue: Citigroup prices $7.95 million collared floating-rate notes linked to SOFR

By Wendy Van Sickle

Columbus, Ohio, June 7 – Citigroup Inc. priced $7.95 million of collared floating-rate notes due June 6, 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 3.2% per year and a maximum interest rate of 5.1% per year. Interest is payable quarterly.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Collared floating-rate notes
Amount:	$7,947,000
Maturity:	June 6, 2025
Coupon:	SOFR, subject to 3.2% minimum interest rate and 5.1% maximum interest rate; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	June 2
Settlement date:	June 6
Underwriter:	Citigroup Global Markets Inc.
Fee:	1%
Cusip:	17290AC65

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