By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – Citigroup Global Markets Holdings Inc. priced $1.5 million of callable step-up coupon notes due April 30, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 2.5% initially, stepping up to 3% on Oct. 31, 2023. 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 Oct. 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: | $1.5 million
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Maturity: | April 30, 2026
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Coupon: | 2.5% initially, stepping up to 3% on Oct. 31, 2023; payable quarterly
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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 Oct. 31, 2020
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Pricing date: | Oct. 29
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Settlement date: | Oct. 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17327TDK9
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