By William Gullotti
Buffalo, N.Y., July 13 – Citigroup Global Markets Holdings Inc. priced $7 million of floating rate notes due July 6, 2029 linked to SOFR, 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 SOFR plus a spread of 165 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Floating rate notes
|
| Underlying rate: | SOFR
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| Amount: | $7 million
|
| Maturity: | July 6, 2029
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| Coupon: | SOFR plus 165 bps, subject to 0% floor; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | July 1
|
| Settlement date: | July 6
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.65%
|
| Cusip: | 17330PT82
|
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