By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – Citigroup Inc. priced $19.4 million of floating-rate notes due Aug. 25, 2028 linked to the Federal Funds effective rate in a reopening, according to a 424B2 filing with the Securities and Exchange Commission.
The issuer previously priced $16.6 million of the notes on Aug. 23.
The interest rate is federal funds effective rate plus a spread of 0.85% with a floor of 0%. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | Federal Funds effective rate
|
| Amount: | $19.4 million reopening
|
| Previous issue: | $16.6 million priced on Aug. 23
|
| Maturity: | Aug. 25, 2028
|
| Coupon: | federal funds effective rate plus 0.85% with a floor of 0%, payable quarterly; rate resets quarterly
|
| Price: | 100.5
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 20
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17290A2R0
|
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