By Wendy Van Sickle
Columbus, Ohio, Dec. 5 – Citigroup Global Markets Holdings Inc. priced $53.53 million of floating-rate notes due Dec. 2, 2062, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to SOFR minus 10 basis points. subject to a minimum interest rate of 0% per year. Interest is payable quarterly.
After three years, investors may request their notes be repurchased annually on Dec. 2. The repurchase price is 98 from 2025 to 2027, 99 from 2028 to 2032 and par starting in 2033.
The payout at maturity will be par.
Citigroup Inc. guarantees the notes.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Amount: | $53,525,000
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| Maturity: | Dec. 2, 2062
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| Coupon: | SOFR minus 10 bps with 0% annualized minimum interest rate; payable quarterly
|
| Put option: | After three years, annually at 98 from 2025 to 2027, 99 from 2028 to 2032 and par starting in 2033
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17330YP53
|
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