By Marisa Wong
Morgantown, W.Va., Nov. 20 – Citigroup Global Markets Holdings Inc. priced $14 million of floating-rate notes due Nov. 16, 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: | $14 million
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| Maturity: | Nov. 16, 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: | Nov. 14
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| Settlement date: | Nov. 16
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324CNP7
|
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