By Wendy Van Sickle
Columbus, Ohio, Aug. 23 – Citigroup Global Markets Holdings Inc. priced $5 million of callable floating-rate leveraged CMS spread notes due June 22, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will accrue at a rate of 2 times (the 30-year Constant Maturity Swap rate minus the five-year CMS rate), subject to a floor of 0%. Interest will be payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Non-callable floating-rate leveraged CMS spread notes
|
| Amount: | $5 million
|
| Maturity: | June 22, 2026
|
| Coupon: | 2 times (spread of the 30-year CMS rate minus the five-year CMS rate), subject to a floor of 0%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 17
|
| Settlement date: | June 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17329FY81
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
