By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – Citigroup Global Markets Holdings Inc. priced $50 million of floating-rate notes due Dec. 31, 2024 based on the one-year U.S. dollar SOFR ICE swap rate, 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 the one-year U.S. dollar SOFR ICE swap rate plus a spread of 75 basis points, subject to a floor of 0%.
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: | One-year U.S. dollar SOFR ICE swap rate
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| Amount: | $50 million
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| Maturity: | Dec. 31, 2024
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| Coupon: | One-year U.S. dollar SOFR ICE swap rate plus 75 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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| Pricing date: | Nov. 28
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| Settlement date: | Dec. 1
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.05%
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| Cusip: | 17291TDH8
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