By Sarah Lizee
Olympia, Wash., June 4 – Citigroup Global Markets Holdings Inc. priced $5.12 million of callable step-up coupon notes due May 31, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 2.75% initially, stepping up to 3% on May 31, 2020 and to 3.25% on Nov. 30, 2021. 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 May 31, 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: | $5,123,000
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Maturity: | May 31, 2023
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Coupon: | 2.75% initially, stepping up to 3% on May 31, 2020 and to 3.25% on Nov. 30, 2021; 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 May 31, 2020
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Pricing date: | May 28
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Settlement date: | May 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17326YD45
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