By Wendy Van Sickle
Columbus, Ohio, May 26 – Citigroup Global Markets Holdings Inc. priced $3.8 million of callable step-up coupon notes due May 26, 2037, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 3% initially, stepping up to 4% in May 2022, to 4.5% in May 2027, to 5% in May, 26, 2033, to 6% in May 2034, to 7% in May 2035 and to 8% in May 2036. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly date beginning May 26, 2022.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $3.8 million
|
| Maturity: | May 26, 2037
|
| Coupon: | 3% initially, stepping up to 4% in May 2022, to 4.5% in May 2027, to 5% in May, 26, 2033, to 6% in May 2034, to 7% in May 2035 and to 8% in May 2036; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly beginning May 26, 2022
|
| Pricing date: | May 23
|
| Settlement date: | May 26
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17290JCN9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
