By Wendy Van Sickle
Columbus, Ohio, June 28 – Citigroup Global Markets Holdings Inc. priced $3.51 million of fixed-to-floating rate notes due June 24, 2027 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 5% per annum for the first year. After that, Interest will be equal to the year-over-year change in the CPI. Interest will be payable monthly and cannot be less than 2% per annum.
The payout at maturity will be par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Fixed-to-floating rate notes
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| Underlying index: | Consumer Price Index
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| Amount: | $3,512,000
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| Maturity: | June 24, 2027
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| Coupon: | 5% for first year, then year-over-year change in CPI with floor of 2% per annum, payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | June 22
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| Settlement date: | June 24
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| Agent: | Citigroup Global Markets Inc
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| Fees: | 1.5%
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| Cusip: | 17330PMF3
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