New Issue: Citigroup prices $25.07 million callable step-up coupon notes with 5.5% start rate

By Wendy Van Sickle

Columbus, Ohio, Jan. 20 – Citigroup Inc. priced $25.07 million of callable step-up coupon notes due Jan. 23, 2030, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 5.5% initially, stepping up to 6% on Jan. 23, 2026 and to 6.5% on Jan. 23, 2028. 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 Jan. 23, 2025.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Callable step-up coupon notes
Amount:	$25,073,000
Maturity:	Jan. 23, 2030
Coupon:	5.5% initially, stepping up to 6% on Jan. 23, 2026 and to 6.5% on Jan. 23, 2028; payable semiannually
Price:	Par
Payout at maturity:	Par plus any interest due
Call option:	At par on any quarterly redemption date starting Jan. 23, 2025
Pricing date:	Jan. 18
Settlement date:	Jan. 23
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.2%
Cusip:	17290AKQ2

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