By Marisa Wong
Morgantown, W.Va., July 27 – Citigroup Global Markets Holdings Inc. priced $62.55 million of floating-rate notes due July 31, 2057, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is Libor minus 27.5 basis points, subject to a minimum interest rate of 0% per year. Interest is payable quarterly.
The payout at maturity will be par.
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: | Floating-rate notes
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Amount: | $62,545,000
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Maturity: | July 31, 2057
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Coupon: | Libor minus 27.5 bps, subject to a floor of zero; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | July 24
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Settlement date: | July 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17324CL87
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