By Wendy Van Sickle
Columbus, Ohio, Aug. 19 – Citigroup Global Markets Holdings Inc. priced $5.06 million of callable step-up coupon notes due Aug. 20, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 3% initially, stepping up to 3.5% on Aug. 20, 2025, to 4% on Aug. 20, 2027 and to 5% on Aug. 20, 2028. Interest is payable semiannually.
The payout at maturity will be par.
Beginning on Aug. 20, 2020, the notes will be callable at par on any quarterly redemption date.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $5,055,000
|
| Maturity: | Aug. 20, 2029
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| Coupon: | 3% initially, stepping up to 3.5% on Aug. 20, 2025, to 4% on Aug. 20, 2027 and to 5% on Aug. 20, 2028; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly redemption date beginning Aug. 20, 2020
|
| Pricing date: | Aug. 15
|
| Settlement date: | Aug. 20
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17327TQN9
|
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