By Wendy Van Sickle
Columbus, Ohio, May 2 – Citigroup Global Markets Holdings Inc. priced $3.1 million of callable step-up coupon notes due April 28. 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 2.35% initially, stepping up to 3.5% in October 2020, to 4.5% in October 2021, to 5.5% in October 2022 and to 6% in October 2023. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly date beginning Oct. 28, 2020.
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: | $3.1 million
|
| Maturity: | April 28, 2024
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| Coupon: | 2.35% initially, stepping up to 3.5% in October 2020, to 4.5% in October 2021, to 5.5% in October 2022 and to 6% in October 2023; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly beginning Oct. 28, 2020
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17324CHD1
|
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