Citigroup Inc. has announced the issuance of Medium-Term Senior Notes, Series G, under a pricing supplement filed on June 25, 2024. These Callable Zero Coupon Notes are due on June 27, 2039, with the possibility of Citigroup redeeming them earlier, starting from June 27, 2025. The notes, which will not pay any interest, have an accrual yield of 8.35% per annum and will mature at an accreted value of $2,252.50 per $1,000 stated principal amount. The notes are unsecured senior debt obligations, subject to Citigroup's credit risk. The issue price is set at $1,000 per note, with an underwriting fee of $17.50 per note, leading to net proceeds of $4,976,660.00 for Citigroup after accounting for the total underwriting fee of $81,340.00. Citigroup Global Markets Inc., an affiliate of the issuer, is...Show More

Citigroup Inc. has announced the issuance of Medium-Term Senior Notes, Series G, under a pricing supplement filed on June 25, 2024. These Callable Zero Coupon Notes are due on June 27, 2039, with the possibility of Citigroup redeeming them earlier, starting from June 27, 2025. The notes, which will not pay any interest, have an accrual yield of 8.35% per annum and will mature at an accreted value of $2,252.50 per $1,000 stated principal amount. The notes are unsecured senior debt obligations, subject to Citigroup's credit risk. The issue price is set at $1,000 per note, with an underwriting fee of $17.50 per note, leading to net proceeds of $4,976,660.00 for Citigroup after accounting for the total underwriting fee of $81,340.00. Citigroup Global Markets Inc., an affiliate of the issuer, is acting as the principal underwriter. The notes will not be listed on any securities exchange, and Citigroup has the right to call the notes for mandatory redemption. The redemption schedule has been provided, detailing the accreted value for each redemption date. Investors are advised to consider the risks detailed in the accompanying prospectus supplement and prospectus, including the credit risk of Citigroup and the potential inability to sell the notes before maturity.