Chicago, May 3 – Citigroup Global Markets Holdings Inc. priced $1.25 million of floating-rate notes due April 28, 2027 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is equal to the percentage change in the CPI, starting with an initial level 15 calendar months before the monthly interest payment date to a final level three months before the monthly interest payment date. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $1,245,000
|
| Maturity: | April 28, 2027
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| Coupon: | Percentage change in CPI based on an initial level 15 calendar months before interest payment date and the final level three months before the interest payment date, subject to a floor of 0%; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | April 26
|
| Settlement date: | April 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4%
|
| Cusip: | 17331HGT7
|
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