New Issue: Citigroup sells $500,000 callable step-up notes with 4% initial rate

By Sarah Lizee

Olympia, Wash., June 19 – Citigroup Global Markets Holdings Inc. priced $500,000 of callable step-up coupon notes due June 20, 2038, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 4% initially, stepping up to 4.5% on June 20, 2028, to 5% on June 20, 2030, to 5.5% on June 20, 2032, to 6% on June 20, 2034 and to 7% on June 20, 2036. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable in whole at par on any quarterly date beginning on June 20, 2021.

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:	$500,000
Maturity:	June 20, 2038
Coupon:	4% initially, stepping up to 4.5% on June 20, 2028, to 5% on June 20, 2030, to 5.5% on June 20, 2032, to 6% on June 20, 2034 and to 7% on June 20, 2036; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any quarterly redemption date beginning June 20, 2021
Pricing date:	June 15
Settlement date:	June 20
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17290JFE6

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