By William Gullotti
Buffalo, N.Y., Oct. 6 – Citigroup Global Markets Holdings Inc. amended the spread for its $50 million issue of floating-rate notes due Oct. 6, 2025 based on the one-year U.S. dollar SOFR ICE swap rate, according to an amended and restated 424B3 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
Interest is payable quarterly at a rate equal to the one-year U.S. dollar SOFR ICE swap rate plus a spread of 87.5 basis points, which was updated from 87 bps, and still subject to a floor of 0%.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Floating-rate notes
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| Underlying rate: | One-year U.S. dollar SOFR ICE swap rate
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| Amount: | $50 million
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| Maturity: | Oct. 6, 2025
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| Coupon: | One-year U.S. dollar SOFR ICE swap rate plus 87.5 bps, subject to 0% floor; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Oct. 2
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| Settlement date: | Oct. 6
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.22%
|
| Cusip: | 17291QX74
|
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