New Issue: Citigroup prices $851,000 step-up coupon notes with 3% initial rate

By Angela McDaniels

Tacoma, Wash., March 27 - Citigroup Inc. priced $851,000 of callable step-up notes due March 28, 2033, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3% in years one through four, 3.5% in years five through eight, 4% in years nine through 12, 5% in years 13 through 16 and 6% in years 17 through 20. Interest is payable semiannually.

The payout at maturity will be par.

Beginning March 28, 2017, the notes will be callable at par on any interest payment date.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Callable step-up coupon notes
Amount:	$851,000
Maturity:	March 28, 2033
Coupon:	3% in years one through four, 3.5% in years five through eight, 4% in years nine through 12, 5% in years 13 through 16 and 6% in years 17 through 20; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date from March 28, 2017 onward
Pricing date:	March 25
Settlement date:	March 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.5%
Cusip:	1730T0SG5

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