New Issue: Citi sells $2 million 20-year callable step-up notes with 3% start rate

By Susanna Moon

Chicago, July 31 – Citigroup Global Markets Holdings Inc. priced $2 million of callable step-up coupon notes due July 28, 2037, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 3% for the first five years, stepping up to 3.5% on July 28, 2022, to 4% on July 28, 2027, to 5% on July 28, 2032, to 6% on July 28, 2034, to 7% on July 28, 2035 and to 8% on July 28, 2036. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any quarterly date after five years.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable step-up coupon notes
Amount:	$2 million
Maturity:	July 28, 2037
Coupon:	3% initially, stepping up to 3.5% on July 28, 2022, to 4% on July 28, 2027, to 5% on July 28, 2032, to 6% on July 28, 2034, to 7% on July 28, 2035 and to 8% on July 28, 2036; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any quarterly date beginning July 28, 2022
Pricing date:	July 25
Settlement date:	July 28
Agent:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17290JDJ7

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