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Published on 8/16/2022 in the Prospect News Investment Grade Daily and Prospect News Structured Products Daily.

New Issue: Citigroup prices $197.81 million 4% callable fixed-rate notes

By William Gullotti

Buffalo, N.Y., Aug. 16 – Citigroup Inc. priced $197.81 million of callable fixed-rate 4% notes due Aug. 15, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

After one year, the notes will be callable semiannually at par.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Inc.
Issue:Callable fixed-rate notes
Amount:$197,808,000
Maturity:Aug. 15, 2024
Coupon:4%; payable semiannually
Price:Par
Payout at maturity:Par
Call option:At par semiannually after one year
Pricing date:Aug. 11
Settlement date:Aug. 15
Underwriter:Citigroup Global Markets Inc.
Fees:0.25%
Cusip:17330PVQ9

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