By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – Citigroup Global Markets Holdings Inc. priced $29.5 million of floating-rate notes due Feb. 15, 2063, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is SOFR plus 10 basis points, subject to a floor of 0%. Interest is payable quarterly.
There will be a put option annually after three years starting at 98, stepping up to 99 on Feb. 15, 2030 and to par on Feb. 15, 2033.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the agent.
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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Amount: | $29.5 million
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Maturity: | Feb. 15, 2063
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Coupon: | SOFR plus 10 bps, subject to a floor of 0%; payable quarterly
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Put option: | Annually after three years starting at 98, stepping up to 99 on Feb. 15, 2030 and to par on Feb. 15, 2033
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Feb. 10
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Settlement date: | Feb. 15
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17331CLZ8
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