New Issue: Citigroup prices $2 million 15-year callable step-up coupon notes

By Wendy Van Sickle

Columbus, Ohio, Dec. 28 – Citigroup Inc. priced $2 million of callable step-up coupon notes due Dec. 27, 2031, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 3.4% for the first five years, stepping up to 3.75% on Dec. 27, 2021, to 4% on Dec. 27, 2024, to 4.5% on Dec. 27, 2027 and to 5% on Dec. 27, 2029. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable at par quarterly beginning Dec. 27, 2021.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Callable step-up coupon notes
Amount:	$2 million
Maturity:	Dec. 27, 2031
Coupon:	3.4% for first five years, stepping up to 3.75% on Dec. 27, 2021, to 4% on Dec. 27, 2024, to 4.5% on Dec. 27, 2027 and to 5% on Dec. 27, 2029; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any quarterly redemption date beginning Dec. 27, 2021
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.75%
Cusip:	17298CF94

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