By Wendy Van Sickle
Columbus, Ohio, May 1 – Citigroup Global Markets Holdings Inc. priced $16 million of callable step-up coupon notes due Oct. 30, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 3.1% initially, stepping up to 3.5% on Oct. 30, 2022, and to 4% on Oct. 30, 2023. Interest is payable semiannually.
The payout at maturity will be par.
Beginning on April 30, 2020, the notes will be callable at par on any annual redemption date.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Callable step-up coupon notes
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Amount: | $16 million
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Maturity: | Oct. 30, 2024
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Coupon: | 3.1% in initially, stepping up to 3.5% on Oct. 30, 2022, and to 4% on Oct. 30, 2023; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any annual redemption date beginning April 30, 2020
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Pricing date: | April 26
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Settlement date: | April 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 17326Y2S4
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