By Sarah Lizee
Olympia, Wash., April 1 – Citigroup Global Markets Holdings Inc. priced $3 million of callable step-up coupon notes due March 29, 2034, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 4% initially, stepping up to 4.5% on March 29, 2025 and to 5% on March 29, 2029. Interest will be payable quarterly.
The payout at maturity will be par plus any interest.
The notes will be callable at par, in whole and not in part, on any quarterly redemption date beginning March 29, 2022.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $3 million
|
| Maturity: | March 29, 2034
|
| Coupon: | 4% initially, stepping up to 4.5% on March 29, 2025 and to 5% on March 29, 2029; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly redemption date beginning March 29, 2022
|
| Pricing date: | March 27
|
| Settlement date: | March 29
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.6%
|
| Cusip: | 17298CGR3
|
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