By Marisa Wong
Los Angeles, April 9 – Citigroup Global Markets Holdings Inc. priced $50 million of floating-rate notes due May 5, 2025 linked to the federal funds effective rate, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a coupon at an annual rate equal to the underlying rate plus 30 basis points, subject to a floor of zero.
The payout at maturity will be par.
The notes are guaranteed by Citigroup Inc.
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: | Federal funds effective rate
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Amount: | $50 million
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Maturity: | May 5, 2025
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Coupon: | Underlying rate plus 30 bps, floor of zero; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | April 1
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Settlement date: | April 5
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.08%
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Cusip: | 17291LBG9
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