By William Gullotti
Buffalo, N.Y., Nov. 30 – Citigroup Global Markets Holdings Inc. priced $26.37 million of floating rate notes due Nov. 30, 2063 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
Interest is payable quarterly at a rate equal to SOFR plus 10 basis points, subject to a floor of 0%.
Holders may require the issuer to repurchase the notes on an annual basis starting Nov. 30, 2026 at 97, at 98 starting Nov. 30, 2028, at 99 starting Nov. 30, 2031 and at par starting Nov. 30, 2034.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Floating rate notes
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| Underlying rate: | SOFR
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| Amount: | $26.37 million
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| Maturity: | Nov. 30, 2063
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| Coupon: | SOFR plus 10 bps, subject to 0% floor; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Put option: | Annually starting Nov. 30, 2026 at 97 through Nov. 30, 2027; amount steps up to 98 on Nov. 30, 2028, to 99 on Nov. 30, 2031 and to par starting Nov. 30, 2034
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17291T4M7
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