New Issue: Citigroup prices $3 million callable step-up coupon notes with 5.3% initial rate

By Wendy Van Sickle

Columbus, Ohio, April 23 – Citigroup Inc. priced $3 million of callable step-up coupon notes due April 18, 2044, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 5.3% initially, with step-ups in certain years on April 18. Interest will step up to 5.5% on April 18, 2028, 6% on April 18, 2031 and 6.25% on April 18, 2036. Interest is payable semiannually.

The notes will be callable at par on any quarterly redemption date starting April 18, 2028.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Callable step-up coupon notes
Amount:	$3,086,000
Maturity:	April 18, 2044
Coupon:	5.3% initially, stepping up to 5.5% on April 18, 2028, 6% on April 18, 2031 and 6.25% on April 18, 2036; payable semiannually
Price:	Par
Payout at maturity:	Par plus interest due
Call option:	At par on any quarterly redemption date starting April 18, 2028
Pricing date:	April 16
Settlement date:	April 18
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17290ALN8

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