By William Gullotti
Buffalo, N.Y., Feb. 7 – Citigroup Global Markets Holdings Inc. priced $20 million of floating rate notes due Feb. 24, 2025 based on the one-Year U.S. Dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
Interest is payable monthly at a rate equal to the one-Year U.S. Dollar SOFR ICE swap rate plus a spread of 82 basis points, 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: | $20 million
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| Maturity: | Feb. 24, 2025
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| Coupon: | One-Year U.S. Dollar SOFR ICE swap rate plus 82 bps, subject to 0% floor; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | Jan. 22
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| Settlement date: | Jan. 24
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.2%
|
| Cusip: | 17291TWD6
|
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