By William Gullotti
Buffalo, N.Y., April 8 – Citigroup Global Markets Holdings Inc. priced $3.63 million of floating rate notes due March 28, 2064 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Citigroup Inc. is the guarantor.
Interest is payable quarterly at a rate equal to SOFR plus a spread of 10 basis points, subject to a floor of 0%.
Holders may require the issuer to repurchase the notes on an annual basis starting March 28, 2027 at 97, at 98 starting March 28, 2029, at 99 starting March 28, 2032 and at par starting March 28, 2035.
The payout at maturity will be par.
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: | Floating rate notes
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Underlying rate: | SOFR
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Amount: | $3,625,000
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Maturity: | March 28, 2064
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Coupon: | SOFR plus 10 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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Put option: | Annually starting March 28, 2027 at 97; amount steps up to 98 on March 28, 2029, to 99 on March 28, 2032 and to par on March 28, 2035
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Pricing date: | March 26
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Settlement date: | March 28
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17291LXC4
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