By Sarah Lizee
Olympia, Wash., April 27 – Citigroup Global Markets Holdings Inc. priced $7.49 million of putable floating-rate notes due April 30, 2058, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest will be equal to Libor minus a spread of 28 basis points, subject to a minimum interest rate of 0% per year. Interest will be payable quarterly.
The payout at maturity will be par.
The notes are putable beginning on April 30, 2020 and every year after that. The redemption price will be 98 from April 30, 2020 through April 30, 2028, 99 from April 30, 2029 through April 30, 2038 and par after that.
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: | Putable floating-rate notes
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| Amount: | $7.49 million
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| Maturity: | April 30, 2058
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| Coupon: | Libor minus a spread of 28 bps, subject to a 0% floor; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Put option: | Annually starting April 30, 2020; at 98 from April 30, 2020 through April 30, 2028, 99 from April 30, 2029 through April 30, 2038 and par after
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324CUM6
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