By William Gullotti
Buffalo, N.Y., Feb. 22 – Citigroup Global Markets Holdings Inc. priced $50 million of floating rate notes due March 20, 2025 based on the Federal Funds Effective Rate, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
Interest is payable quarterly at a rate equal to the Federal Funds Effective Rate plus a spread of 27 basis points, subject to a floor of 0%.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Floating rate notes
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| Underlying rate: | Federal Funds Effective Rate
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| Amount: | $50 million
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| Maturity: | March 20, 2025
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| Coupon: | Federal Funds Effective Rate plus 27 bps, subject to 0% floor; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 20
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.1%
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| Cusip: | 17291LEN1
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