By Marisa Wong
Madison, Wis., March 6 – Citigroup Inc. priced $11 million of floating-rate notes due March 9, 2025 linked to the 10-year Constant Maturity Swap rate, according to a term sheet.
Interest will accrue at 1.05 times the 10-year CMS rate, payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | 10-year Constant Maturity Swap rate
|
| Amount: | $11 million
|
| Maturity: | March 9, 2025
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| Coupon: | 1.05 times the 10-year CMS rate, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 1730T05M7
|
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