New Issue: Citigroup prices $4.15 million callable step-up coupon notes with 2.25% start rate

By Wendy Van Sickle

Columbus, Ohio, June 9 – Citigroup Inc. priced $4.15 million of callable step-up coupon notes due May 20, 2031 according to a 424B2 filing with the Securities and Exchange Commission.

Interest is 2.25% initially, stepping up to 2.5% on May 20, 2026, to 3% on May 20, 2028 and to 3.5% on May 20, 2030. 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 May 20, 2024.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Callable step-up coupon notes
Amount:	$4,154,000
Maturity:	May 20, 2031
Coupon:	2.25% initially, stepping up to 2.5% on May 20, 2026, to 3% on May 20, 2028 and to 3.5% on May 20, 2030; payable semiannually
Price:	Par
Payout at maturity:	Par plus interest
Call option:	At par on any quarterly redemption date beginning May 20, 2024
Pricing date:	May 17
Settlement date:	May 20
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17298CM62

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