By Sarah Lizee
Olympia, Wash., May 1 – Citigroup Global Markets Holdings Inc. priced $8.44 million of callable step-up coupon notes due April 30, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 3.25% initially, stepping up to 4% on April 30, 2023 and to 5% on April 30, 2026. Interest will be payable semiannually.
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 April 30, 2020.
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: | $8,435,000
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Maturity: | April 30, 2029
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Coupon: | 3.25% initially, stepping up to 4% on April 30, 2023 and to 5% on April 30, 2026; 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 quarterly 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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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17326YY42
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