By Wendy Van Sickle
Columbus, Ohio, Oct. 23 – Citigroup Global Markets Holdings Inc. priced $1.55 million of non-callable floating-rate notes due Oct. 18, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate for the first two years is Libor plus 100 basis points. After that, interest will equal 6 times the spread of the 10-year constant maturity swap rate minus the two-year constant maturity swap rate. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Non-callable floating-rate notes
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| Amount: | $1.55 million
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| Maturity: | Oct. 18, 2022
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| Coupon: | Libor plus 100 bps for first two years, then 6 times spread of 10-year CMS rate minus two-year CMS rate, in each case 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: | Oct. 15
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| Settlement date: | Oct. 18
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17326YYQ3
|
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