Bond CitiCorp 6.95% ( US17327CAV54 ) in USD

CitiCorp

101.5 % ▲

United States

US17327CAV54 ( in USD )

6.95% per year ( payment 2 times a year)

Perpetual

Prospectus brochure of the bond Citigroup US17327CAV54 en USD 6.95%, maturity Perpetual

1 000 USD

2 000 000 000 USD

17327CAV5

BB+ ( Non-investment grade speculative )

15/05/2026 ( In 125 days )

Citigroup is a multinational investment bank and financial services corporation providing a wide range of financial products and services, including consumer banking, corporate and investment banking, securities brokerage, and asset management, across numerous global markets.

The Bond issued by CitiCorp ( United States ) , in USD, with the ISIN code US17327CAV54, pays a coupon of 6.95% per year.
The coupons are paid 2 times per year and the Bond maturity is Perpetual
The Bond issued by CitiCorp ( United States ) , in USD, with the ISIN code US17327CAV54, was rated BB+ ( Non-investment grade speculative ) by Standard & Poor's ( S&P ) credit rating agency.

FWP 1 d926066dfwp.htm FWP
FILED PURSUANT TO RULE 433
File No. 333-270327
CITIGROUP INC.
2,000,000 DEPOSITARY SHARES
EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF
6.950% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES FF
Terms and Conditions
Issuer:
Citigroup Inc.
Securities:
2,000,000 depositary shares, each representing a 1/25th interest in a share of perpetual 6.950% Fixed Rate
Reset Noncumulative Preferred Stock, Series FF (the "Series FF preferred stock").
Ratings*:
Ba1 / BB+ / BBB- / BBBH
(Stable Outlook / Stable Outlook / Stable Outlook / Stable Outlook)
(Moody's / S&P / Fitch / DBRS)
Trade Date:
February 5, 2025
Settlement Date:
February 12, 2025 (T+5 days)
Maturity:
Perpetual
Liquidation Preference:
$25,000 per share of Series FF preferred stock (equivalent to $1,000 liquidation preference per depositary
share).
Aggregate Liquidation Preference:
$2,000,000,000
Public Offering Price:
$1,000 per depositary share.
Net Proceeds to Citigroup:
$1,970,000,000 (before expenses)
Dividend Rate and Payment Dates:
When, as and if declared by the board of directors of Citigroup, or a duly authorized committee of the board
of directors, out of funds legally available to pay dividends, on the 15th of each February, May, August, and
November (each date for payment of dividends, a "dividend payment date") (i) from, and including, the date
of issuance of the Series FF preferred stock to, but excluding, February 15, 2030 (the "First Reset Date"), at
an annual rate of 6.950% on the liquidation preference amount of $25,000 per share of Series FF preferred
stock, quarterly in arrears, beginning on May 15, 2025 and (ii) from, and including, the First Reset Date, for
each reset period, at an annual rate equal to the five-year treasury rate as of the most recent reset dividend
determination date plus 2.726% on the liquidation preference amount of $25,000 per share of Series FF
preferred stock, quarterly in arrears, beginning on May 15, 2030.
Reset Period:
The period from, and including, each reset date to, but excluding, the next succeeding reset date, except for
the initial reset period, which will be the period from, and including, the First Reset Date to, but excluding,
the next succeeding reset date
Reset Date:
The First Reset Date and each date falling on the fifth anniversary of the preceding reset date
Reset Dividend Determination Date:
In respect of any reset period, the day that is three business days prior to the beginning of such reset period
First Dividend Payment Date:
If declared, May 15, 2025
Day Count:
30/360
Redemption at Issuer Option:
Subject to any required prior approval of the Federal Reserve, Citigroup may redeem the Series FF preferred
stock in whole or in part, from time to time, on any dividend payment date on or after the First Reset Date
or in whole but not in part at any time within 90 days following a Regulatory Capital Event (as defined in
the Preliminary Prospectus Supplement dated February 5, 2025), in each case at a cash redemption price
equal to 100% of the liquidation preference, plus any declared and unpaid dividends and without
accumulation of any undeclared dividends, to, but excluding, the redemption date.

CITIGROUP INC.
2,000,000 DEPOSITARY SHARES
EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF
6.950% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES FF
Sinking Fund:
Not applicable
Listing:
None
Voting Rights:
The holders of the Series FF preferred stock do not have voting rights, except (i) as specifically required by
Delaware law; (ii) in the case of certain dividend non-payments; (iii) with respect to the issuance of senior
capital stock of Citigroup; and (iv) with respect to changes to Citigroup's organizational documents that
would adversely affect the voting powers, preferences or special rights of the Series FF preferred stock.
Holders of depositary shares must act through the depositary to exercise any voting rights.
Depositary Shares CUSIP / ISIN:
17327CAV5 / US17327CAV54
Use of Proceeds:
Citigroup expects to use the net proceeds from the sale of the depositary shares representing interests in the
Series FF preferred stock for general corporate purposes, which may include the partial or full redemption
of outstanding shares of Citigroup preferred stock and related depositary shares, as applicable, including,
but not limited to, the outstanding Series P preferred stock and related depositary shares, and repurchases
and redemptions of other outstanding securities of Citigroup and its subsidiaries, including Citigroup
common stock.
Sole Structuring Agent and Sole
Citigroup Global Markets Inc.
Bookrunner:
Senior Co-Managers:
ANZ Securities, Inc.
BBVA Securities Inc.
BMO Capital Markets Corp.
Capital One Securities, Inc.
Commerz Markets LLC
Danske Markets Inc.
DZ Financial Markets LLC
ING Financial Markets LLC
Lloyds Securities Inc.
Mizuho Securities USA LLC
MUFG Securities Americas Inc.
Natixis Securities Americas LLC
Nomura Securities International, Inc.
PNC Capital Markets LLC
RB International Markets (USA) LLC
RBC Capital Markets, LLC
Santander US Capital Markets LLC
Scotia Capital (USA) Inc.
SG Americas Securities, LLC
SMBC Nikko Securities America, Inc.
Standard Chartered Bank
Swedbank AB (publ)
TD Securities (USA) LLC
Truist Securities, Inc.
U.S. Bancorp Investments, Inc.

CITIGROUP INC.
2,000,000 DEPOSITARY SHARES
EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF
6.950% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES FF
Junior Co-Managers:
ABN AMRO Capital Markets (USA) LLC
Barclays Capital Inc.
BNY Mellon Capital Markets, LLC
CaixaBank, S.A.
CastleOak Securities, L.P.
CIBC World Markets Corp.
Citizens JMP Securities, LLC
Commonwealth Bank of Australia
Desjardins Securities Inc.
Emirates NBD Bank PJSC
Fifth Third Securities Inc.
Great Pacific Securities
Huntington Securities, Inc.
Intesa Sanpaolo IMI Securities Corp.
KeyBanc Capital Markets Inc.
Loop Capital Markets LLC
M&T Securities, Inc.
Mediobanca - Banca di Credito Finanziario S.p.A.
nabSecurities, LLC
National Bank of Canada Financial Inc.
NatWest Markets Securities Inc.
Nykredit Bank A/S
R. Seelaus & Co., LLC
Rabo Securities USA, Inc.
Regions Securities LLC
Roberts & Ryan, Inc.
Stern Brothers & Co.
United Overseas Bank Limited
Westpac Capital Markets LLC
*
Note: A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time.
Citigroup Inc. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to
which this communication relates. Before you invest, you should read the prospectus in the registration statement and the other documents Citigroup has
filed with the SEC for more complete information about Citigroup and this offering. You may get these documents for free by visiting EDGAR on the
SEC's Web site at www.sec.gov. The file number for Citigroup's registration statement is No. 333-270327. Alternatively, you can request the prospectus
by calling toll-free in the United States 1-800-831-9146.