Citigroup to price fixed-to-floaters due 2021 with 2.45% start rate

By Sarah Lizee

Olympia, Wash., June 6 – Citigroup Global Markets Holdings Inc. plans to price non-callable fixed-to-floating notes due July 3, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

Citigroup Inc. guarantees the notes.

The coupon will be 2.45% for the first year. After that, interest will be equal to Libor, subject to a minimum interest rate of 0%. Interest is payable quarterly.

The payout at maturity will be par.

The notes (Cusip: 17324CW44) are expected to price on June 28 and settle three business days later.

Citigroup Global Markets Inc. is the agent.

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