New Issue: Citigroup prices $11.29 million callable step-up coupon notes with 1.75% start rate

By Wendy Van Sickle

Columbus, Ohio, April 21 – Citigroup Inc. priced $11.29 million of callable step-up coupon notes due April 20, 2028 according to a 424B2 filing with the Securities and Exchange Commission.

Interest is 1.75% initially, stepping up to 2% on April 20, 2024 and to 2.25% on April 20, 2026. Interest is payable semiannually.

The payout at maturity will be par plus interest.

The notes are callable at par, in whole and not in part, on any quarterly redemption date beginning April 20, 2024.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Callable step-up coupon notes
Amount:	$11,288,000
Maturity:	April 20, 2028
Coupon:	1.75% initially, stepping up to 2% on April 20, 2024 and to 2.25% on April 20, 2026; payable semiannually
Price:	Par
Payout at maturity:	Par plus interest
Call option:	At par on any quarterly redemption date beginning April 20, 2024
Pricing date:	April 16
Settlement date:	April 20
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.7%
Cusip:	17298CLS5

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