By Wendy Van Sickle
Columbus, Ohio, April 19 – Citigroup Global Markets Holdings Inc. priced $3.5 million of callable step-up coupon notes due April 20, 2032, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 3.25% initially, stepping up to 3.75% in April 2024, to 4.25% in April 2026, to 5% in April 2029, to 6% in April 2030 and to 9% in April 2031. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly date beginning April 20, 2022.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Callable step-up coupon notes
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| Amount: | $3.5 million
|
| Maturity: | April 20, 2032
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| Coupon: | 3.25% initially, stepping up to 3.75% in April 2024, to 4.25% in April 2026, to 5% in April 2029, to 6% in April 2030 and to 9% in April 2031; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly beginning April 20, 2022
|
| Pricing date: | April 17
|
| Settlement date: | April 20
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.375%
|
| Cusip: | 17290JCA7
|
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