By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – Citigroup Global Markets Holdings Inc. priced $50 million of floating-rate notes due March 14, 2025 linked to the federal funds effective rate, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a coupon at an annual rate equal to the underlying rate plus 28 basis points, subject to a minimum of zero.
The payout at maturity will be par.
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
|
| Underlying rate: | Federal funds effective rate
|
| Amount: | $50 million
|
| Maturity: | March 14, 2025
|
| Coupon: | Underlying rate plus 28 bps, payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 16
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.03%
|
| Cusip: | 17291LFE0
|
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