By Wendy Van Sickle
Columbus, Ohio, March 6 – Citigroup Global Markets Holdings Inc. priced $50 million of fixed-to-floating-rate notes due April 3, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 6% for the first six months, then converts to the one-year U.S. dollar SOFR ICE swap rate plus 10 basis points, subject to a floor of 0%. Interest is payable monthly.
The payout at maturity will be par.
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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| Amount: | $50 million
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| Maturity: | April 3, 2024
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| Coupon: | 6% for first six months, then one-year U.S. dollar SOFR ICE swap rate plus 10 bps, subject to a floor of 0%; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | March 1
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| Settlement date: | March 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.2%
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| Cusip: | 17331CJ40
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