By Marisa Wong
Madison, Wis., Oct. 2 – Citigroup Inc. priced $35 million of floating-rate notes due Oct. 15, 2024 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be equal to the year-over-year change in the Consumer Price Index plus 112.5 basis points, subject to a minimum rate of 0%. Interest is payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Floating-rate notes
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Underlying index: | Consumer Price Index
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Amount: | $35 million
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Maturity: | Oct. 15, 2024
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Coupon: | Year-over-year change in index plus 112.5 bps, floor of 0%; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing dates: | Sept. 30
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Settlement date: | Oct. 15
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.75%
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Cusip: | 1730T0Z51
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