New Issue: Citigroup sells $10.94 million floating-rate notes at SOFR plus 10 bps

By Wendy Van Sickle

Columbus, Ohio, Sept. 25 – Citigroup Global Markets Holdings Inc. priced $10.94 million of floating-rate notes due Sept. 26, 2063, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The interest rate is SOFR plus 10 basis points, subject to a floor of 0%. Interest is payable quarterly.

The payout at maturity will be par.

There will be a put option annually starting at 97, stepping up to 98 on Sept. 26, 2027, to 99 on Sept. 26, 2031 and to par on Sept. 26, 2034.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Floating-rate notes
Amount:	$10,942,000
Maturity:	Sept. 26, 2063
Coupon:	SOFR plus 10 bps, subject to a floor of 0%; payable quarterly
Price:	Par
Payout at maturity:	Par
Put option:	Annually starting at 97, stepping up to 98 on Sept. 26, 2027, to 99 on Sept. 26, 2031 and to par on Sept. 26, 2034
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Agent:	Citigroup Global Markets Inc.
Fees:	0.1%
Cusip:	17291QM35

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