Chicago, Feb. 28 – Citigroup Global Markets Holdings Inc. priced $8 million of floating-rate notes due April 30, 2028 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
The interest rate is SOFR plus a spread of 85 basis points with a floor of 0% for the interest rate. 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 Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
|
| Amount: | $8 million
|
| Maturity: | April 30, 2028
|
| Coupon: | SOFR plus 85 bps with a floor of 0% for the interest rate, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | April 28, 2021
|
| Settlement date: | April 30, 2021
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17298CM21
|
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