By Wendy Van Sickle
Columbus, Ohio, March 1 – Citigroup Global Markets Holdings Inc. priced $3 million of callable step-up securities due Feb. 28, 2042, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 3.65% for the first eight years, stepping up to 4% in February 2025, to 4.5% in February 2032, to 5% in February 2035 and to 7% in February 2038. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Feb. 28, 2022.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Callable step-up coupon notes
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Amount: | $3 million
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Maturity: | Feb. 28, 2042
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Coupon: | 3.65% initially, stepping up to 4% in February 2025, to 4.5% in February 2032, to 5% in February 2035 and to 7% in February 2038; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any quarterly beginning Feb. 28, 2022
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17290JBE0
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