By Sarah Lizee
Olympia, Wash., March 15 – Citigroup Global Markets Holdings Inc. priced $4.75 million of putable floating-rate notes due March 13, 2069, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest will be equal to Libor minus a spread of 35 basis points, subject to a minimum interest rate of 0% per year. Interest will be payable quarterly.
The payout at maturity will be par.
The notes are putable beginning on March 18, 2020 and every six months after that. The redemption price will be 98 from March 18, 2020 through Sept. 18, 2024, 99 from March 18, 2025 through Sept. 18, 2030 and par after that.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Putable floating-rate notes
|
| Amount: | $4.75 million
|
| Maturity: | March 13, 2069
|
| Coupon: | Libor minus a spread of 35 bps, subject to a 0% floor; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Put option: | Semiannually starting March 18, 2020; at 98 from March 18, 2020 through Sept. 18, 2024, 99 from March 18, 2025 through Sept. 18, 2030 and par after that
|
| Pricing date: | March 13
|
| Settlement date: | March 18
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17326YEU6
|
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