Citigroup plans callable dual range accrual notes linked to Russell

By Susanna Moon

Chicago, May 9 – Citigroup Global Markets Holdings Inc. plans to price callable dual range accrual notes due May 15, 2037 linked to six-month Libor and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Interest will accrue at an annualized rate for each day that Libor is 5% or less and the index closes at or above the 75% barrier level. The coupon will be 6.5% for the first five years, stepping up to 7.5% on May 15, 2027 and to 8.5% on May 15, 2032, payable quarterly.

The payout at maturity will be par of $1,000 plus any coupon due.

The notes will be callable at par on any interest payment date after one year.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 10.

The Cusip number is 17324CJG2.

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