New Issue: Citigroup sells $9.83 million putable floating-rate notes on Libor

Chicago, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $9.83 million of floating-rate notes due Feb. 7, 2059, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Interest will be equal to Libor minus a spread of 25 basis points, subject to a minimum interest rate of 0% per year. Interest will be payable quarterly.

The payout at maturity will be par.

The notes are putable beginning on Feb. 7, 2021 and every year after that. The redemption price will be 98 from Feb. 7, 2021 through Feb. 7, 2029, 99 from Feb. 7, 2030 through Feb. 7, 2039 and par after that.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Putable floating-rate notes
Amount:	$9,829,000
Maturity:	Feb. 7, 2059
Coupon:	Libor minus a spread of 25 bps, subject to a 0% floor; payable quarterly
Price:	Par
Payout at maturity:	Par
Put option:	Annually starting Feb. 7, 2021; at 98 from Feb. 7, 2021 through Feb. 7, 2029, 99 from Feb. 7, 2030 through Feb. 7, 2039 and par thereafter
Pricing date:	Feb. 4
Settlement date:	Feb. 7
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17326YTU0

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