By Wendy Van Sickle
Columbus, Ohio, Oct. 20 – Citigroup Global Markets Holdings Inc. priced $1.5 million of callable step-up coupon notes due Oct. 20, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 2% in years one through three, 2.5% in year four and 3% in year five. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Oct. 20, 2020, the notes will be callable at par on any quarterly redemption date.
Citigroup Global Markets Inc. is the underwriter.
| 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: | $1.5 million
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| Maturity: | Oct. 20, 2022
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| Coupon: | 2% in years one through three, 2.5% in year four and 3% in year five; 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 redemption date beginning Oct. 20, 2020
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| Pricing date: | Oct. 18
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| Settlement date: | Oct. 20
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17298CFL7
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