By Wendy Van Sickle
Columbus, Ohio, June 14 – Citigroup Global Markets Holdings Inc. priced $50 million of floating-rate notes due July 10, 2023 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR plus a spread of 70 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.
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: | $50 million
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| Maturity: | July 10, 2023
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| Coupon: | SOFR plus 70 bps with a floor of 0% for the interest rate, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par plus accrued interest
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| Pricing date: | June 7
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| Settlement date: | June 10
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17330FY62
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