New Issue: Citigroup prices $2.5 million putable floating-rate notes due 2070

By Sarah Lizee

Olympia, Wash., Feb. 10 – Citigroup Global Markets Holdings Inc. priced $2.5 million of floating-rate notes due Jan. 31, 2070, according to a 424B2 filing with the Securities and Exchange Commission.

The annual interest rate is Libor minus 35 basis points, subject to a minimum of zero. Interest is payable quarterly.

The payout at maturity will be par.

Beginning Jan. 31, 2023, the notes will be putable annually, subject to a minimum of $100,000 principal amount of notes. Per $1,000 principal amount of notes, the repurchase amount will be $980 to and including Jan. 31, 2029, $990 from and including Jan. 31, 2031 to and including Jan. 31, 2039 and par from and including Jan. 31, 2041 to but excluding the maturity date.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Floating-rate notes
Amount:	$2.5 million
Maturity:	Jan. 31, 2070
Coupon:	Libor minus 35 bps, subject to floor of zero; payable quarterly
Price:	Par
Payout at maturity:	Par
Put option:	Beginning Jan. 31, 2023, notes will be putable annually, subject to minimum of $100,000 principal amount of notes; per $1,000 principal amount of notes, repurchase amount will be $980 to and including Jan. 31, 2029, $990 from and including Jan. 31, 2031 to and including Jan. 31, 2039 and par from and including Jan. 31, 2041 to but excluding the maturity date
Pricing date:	Jan. 29
Settlement date:	Jan. 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17327TG75

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