By Marisa Wong
Morgantown, W.Va., March 15 – Citigroup Global Markets Holdings Inc. priced $8.41 million of callable step-up coupon notes due March 5, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 2.75% for the first year, stepping up to 2.85% on March 5, 2020 and to 2.95% on March 5, 2021. Interest is payable semiannually.
Beginning March 5, 2020, the notes will be callable at par on any annual redemption date.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $8,412,000
|
| Maturity: | March 5, 2022
|
| Coupon: | 2.75% initially, stepping up to 2.85% on March 5, 2020 and to 2.95% on March 5, 2021; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any annual redemption date beginning March 5, 2020
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17326YTJ5
|
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