By Wendy Van Sickle
Columbus, Ohio, June 17 – Citigroup Global Markets Holdings Inc. priced $10 million of floating-rate notes due July 15, 2029 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR plus a spread of 150 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
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| Amount: | $10 million
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| Maturity: | July 15, 2029
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| Coupon: | SOFR plus 150 bps with a floor of 0% for the interest rate, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | June 13
|
| Settlement date: | June 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.55%
|
| Cusip: | 17330PN39
|
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