Citigroup Inc. has announced the issuance of Medium-Term Senior Notes, Series G, under a preliminary pricing supplement filed with the Securities and Exchange Commission. The notes, due August 16, 2039, have a fixed interest rate of 5.60% per annum and are callable starting February 16, 2027. The notes are unsecured senior debt obligations, subject to Citigroup's credit risk, and will not be listed on any securities exchange. The pricing date is set for August 14, 2024, with an original issue date of August 16, 2024. Citigroup may redeem the notes periodically at 100% of the principal amount plus accrued interest. The notes can be assumed by any wholly owned subsidiary of Citigroup, with Citigroup fully guaranteeing all payments under the notes. The issue price is $1,000 per note, with...Show More

Citigroup Inc. has announced the issuance of Medium-Term Senior Notes, Series G, under a preliminary pricing supplement filed with the Securities and Exchange Commission. The notes, due August 16, 2039, have a fixed interest rate of 5.60% per annum and are callable starting February 16, 2027. The notes are unsecured senior debt obligations, subject to Citigroup's credit risk, and will not be listed on any securities exchange. The pricing date is set for August 14, 2024, with an original issue date of August 16, 2024. Citigroup may redeem the notes periodically at 100% of the principal amount plus accrued interest. The notes can be assumed by any wholly owned subsidiary of Citigroup, with Citigroup fully guaranteeing all payments under the notes. The issue price is $1,000 per note, with an underwriting fee of up to $30.00 per note. Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The offering is aimed at institutional investors and is not available to retail investors in the European Economic Area or the United Kingdom. The proceeds from the sale of the notes will be used for general corporate purposes and in connection with hedging activities.