By Marisa Wong
Los Angeles, June 27 – Citigroup Global Markets Holdings Inc. priced $50 million of floating-rate notes due July 24, 2023 linked to the two-year U.S. dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be equal to the swap rate plus a spread of 20 basis points, subject to a floor of zero. Interest will be payable monthly.
The payout at maturity will be par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Floating-rate notes
|
Underlying: | Two-year U.S. dollar SOFR ICE swap rate
|
Amount: | $50 million
|
Maturity: | July 24, 2023
|
Coupon: | Swap rate plus 20 bps; floor of zero; payable monthly
|
Price: | Par
|
Payout at maturity: | Par
|
Pricing date: | June 22
|
Settlement date: | June 24
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.115%
|
Cusip: | 17330PL98
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.