By Kiku Steinfeld
Chicago, Jan. 3 – Citigroup Global Markets Holdings Inc. priced $3.9 million of floating-rate notes due Dec. 28, 2061 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
The interest rate is SOFR minus a spread of 35 basis points with a floor of 0% for the interest rate. Interest is payable quarterly.
Investors may request that Citigroup repurchase at least $100,000 on any annual repurchase date from Dec. 28, 2023 to Dec. 28, 2051 at 97 and from Dec. 28, 2052 to Dec. 28, 2060 at par.
The payout at maturity will be par plus accrued and unpaid interest.
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: | SOFR
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| Amount: | $3.9 million
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| Maturity: | Dec. 28, 2061
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| Coupon: | SOFR minus 35 bps with a floor of 0% for the interest rate, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par plus accrued and unpaid interest
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| Repurchase option: | Investors may request that Citigroup repurchase at least $100,000 on any annual repurchase date from Dec. 28, 2023 to Dec. 28, 2051 at 97 and from Dec. 28, 2052 to Dec. 28, 2060 at par
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17329UXQ9
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