By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – Citigroup Global Markets Holdings Inc. priced $3 million of callable step-up fixed-rate notes due Feb. 9, 2037, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 3.5% initially, stepping up to 4% in February 2025, to 4.5% in February 2031, to 5% in February 2033, to 6% in February 2034, to 7% in February 2035 and to 8% in February 2036. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable each February, May, August and November, beginning in February 2022.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Callable step-up coupon notes
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| Amount: | $3 million
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| Maturity: | Feb. 9, 2037
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| Coupon: | 3.5% initially, stepping up to 4% in February 2025, to 4.5% in February 2031, to 5% in February 2033, to 6% in February 2034, to 7% in February 2035 and to 8% in February 2036; payable semiannually
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any quarterly beginning in February 2022
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 9
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17290JAN1
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