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Published on 4/20/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $59.05 million callable fixed-rate notes due 2023

By Wendy Van Sickle

Columbus, Ohio, April 20 – Citigroup Inc. priced $59.05 million of callable fixed-rate 2.65% notes due Oct. 20, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is payable semiannually.

The notes will be callable quarterly at par starting April 20, 2023.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Inc.
Issue:Callable fixed-rate notes
Amount:$59,054,000
Maturity:Oct. 20, 2023
Coupon:2.65%; payable semiannually
Call:At par quarterly at par starting April 20, 2023
Price:Par
Payout at maturity:Par
Pricing date:April 18
Settlement date:April 20
Underwriter:Citigroup Global Markets Inc.
Fees:0.15%
Cusip:17330FEW7

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