By Wendy Van Sickle
Columbus, Ohio, March 28 – Citigroup Global Markets Holdings Inc. priced $5 million of floating-rate notes due March 24, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to SOFR plus 135 basis points. subject to a minimum interest rate of 0% per year. Interest is payable quarterly.
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.
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Guarantor: | Citigroup Inc.
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Issue: | Floating-rate notes
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Amount: | $5 million
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Maturity: | March 24, 2028
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Coupon: | SOFR plus 135 bps with 0% annualized minimum interest rate; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | March 22
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Settlement date: | March 24
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17331HAN6
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