By Wendy Van Sickle
Columbus, Ohio, June 28 – Citigroup Global Markets Holdings Inc. priced $4.07 million of collared floating-rate notes due June 23, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to SOFR, subject to a minimum interest rate of 2.8% per year and a maximum interest rate of 5% per year. Interest is payable quarterly.
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.
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Guarantor: | Citigroup Inc.
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Issue: | Collared floating-rate notes
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Amount: | $4,072,000
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Maturity: | June 23, 2025
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Coupon: | SOFR, subject to 2.8% minimum interest rate and 5% maximum interest rate; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | June 17
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Settlement date: | June 23
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Underwriter: | Citigroup Global Markets Inc.
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Fee: | 1%
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Cusip: | 17330P5P0
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