By Wendy Van Sickle
Columbus, Ohio, Aug. 9 – Citigroup Global Markets Holdings Inc. priced $11.97 million of floating-rate notes due Aug. 4, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to the two-year U.S. Dollar SOFR ICE swap rate, subject to a minimum interest rate of 3.74% 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: | $11,972,000
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| Maturity: | Aug. 4, 2025
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| Coupon: | Two-year U.S. Dollar SOFR ICE swap rate, subject to 3.74% 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: | Aug. 1
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| Settlement date: | Aug. 4
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.4%
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| Cusip: | 17330PZX0
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