By Marisa Wong
Morgantown, W.Va., Feb. 28 – Citigroup Global Markets Holdings Inc. priced $14.25 million of fixed-to-floating notes due Feb. 24, 2027, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 3.1% for the first two years. After that, the rate will be Libor plus 150 basis points up to a maximum interest rate of 6.5%. Interest will be payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Fixed-to-floating notes
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| Amount: | $14.25 million
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| Maturity: | Feb. 24, 2027
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| Coupon: | 3.1% initially; beginning Feb. 24, 2019, Libor plus 150 bps, capped at 6.5%; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 24
|
| Agent: | Citigroup Global Markets Inc.
|
| Fee: | 0.35%
|
| Cusip: | 17324CF84
|
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