By Wendy Van Sickle
Columbus, Ohio, Aug. 24 – Citigroup Global Markets Holdings Inc. priced $4 million of callable step-up coupon notes due Aug. 25, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 2.05% initially, stepping up to 2.5% on Aug. 25, 2020, to 3% on Feb. 25, 2021, to 4% on Aug. 25, 2021 and to 6% on Feb. 25, 2022. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly date beginning Aug. 25, 2020.
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: | Callable step-up coupon notes
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Amount: | $4 million
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Maturity: | Aug. 25, 2022
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Coupon: | 2.05% initially, stepping up to 2.5% on Aug. 25, 2020, to 3% on Feb. 25, 2021, to 4% on Aug. 25, 2021 and to 6% on Feb. 25, 2022; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any quarterly beginning Aug. 25, 2020
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Pricing date: | Aug. 22
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Settlement date: | Aug. 25
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.8%
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Cusip: | 17298CFJ2
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