By Wendy Van Sickle
Columbus, Ohio, April 30 – Citigroup Global Markets Holdings Inc. priced $18.55 million of floating-rate notes due April 26, 2064, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The interest rate is SOFR plus 10 basis points, subject to a floor of 0%. Interest is payable quarterly.
The notes will be putable annually starting April 26, 2027 at 97, at 98 on April 26, 2029, at 99 on April 26, 2032 and at par on each April 26 starting in 2035.
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: | Floating-rate notes
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| Amount: | $18.55 million
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| Maturity: | April 26, 2064
|
| Coupon: | SOFR plus 10 bps, subject to a floor of 0%; payable quarterly
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| Put option: | Annually starting April 26, 2027 at 97, at 98 on April 26, 2029, at 99 on April 26, 2032 and at par on each April 26 starting in 2035
|
| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | April 24
|
| Settlement date: | April 26
|
| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 26291LQW8
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