By Wendy Van Sickle
Columbus, Ohio, Oct. 24 – Citigroup Global Markets Holdings Inc. priced $1 million of non-callable fixed-to-floating-rate notes due Sept. 20, 2032, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is 7% for first two years, then two-year U.S. Dollar SOFR ICE swap rate plus 130 basis points, subject to a floor of zero. Interest is payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Non-callable fixed-to-floating-rate notes
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Amount: | $1 million
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Maturity: | Sept. 20, 2032
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Coupon: | 7% for first two years, then Two-year U.S. Dollar SOFR ICE swap rate plus 130 bps, subject to a floor of zero; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Sept. 16
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Settlement date: | Sept. 20
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.2%
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Cusip: | 17330RLF0
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