By Wendy Van Sickle
Columbus, Ohio, Oct. 21 – Citigroup Global Markets Holdings Inc. priced $12.98 million of collared floating-rate notes due Oct. 20, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to SOFR, subject to a minimum interest rate of 4.5% per year and a maximum interest rate of 5.5% per year. Interest is payable quarterly.
The payout at maturity will be par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Collared floating-rate notes
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| Amount: | $12.98 million
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| Maturity: | Oct. 20, 2025
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| Coupon: | SOFR, subject to 4.5% minimum interest rate and 5.5% maximum interest rate; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Oct. 18
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| Settlement date: | Oct. 20
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330RZN8
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