New Issue: Citigroup prices $500,000 callable step-up coupon notes with 2.5% start rate

Chicago, May 19 – Citigroup Inc. priced $500,000 of callable step-up coupon notes due Oct. 28, 2036, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 2.5% initially, stepping up to 3% on Oct. 28, 2027 and to 3.5% on Oct. 28, 2031. Interest will be payable semiannually.

The payout at maturity will be par plus any interest.

The notes will be callable at par, in whole and not in part, on any quarterly redemption date starting Oct. 28, 2024.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Callable step-up coupon notes
Amount:	$500,000
Maturity:	Oct. 28, 2036
Coupon:	2.5% initially, stepping up to 3% on Oct. 28, 2027 and to 3.5% on Oct. 28, 2031; payable semiannually
Price:	Par
Payout at maturity:	Par plus any interest due
Call option:	At par on any quarterly redemption date starting Oct. 28, 2024
Pricing date:	Oct. 26, 2021
Settlement date:	Oct. 28, 2021
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17290ABF6

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