Obbligazione CityCorp Inc 5.875% ( US172967BU43 ) in USD

Emittente CityCorp Inc
Prezzo di mercato refresh price now   100 USD  ▼ 
Paese  Stati Uniti
Codice isin  US172967BU43 ( in USD )
Tasso d'interesse 5.875% per anno ( pagato 2 volte l'anno)
Scadenza 22/02/2033



Prospetto opuscolo dell'obbligazione CITIGROUP INC US172967BU43 en USD 5.875%, scadenza 22/02/2033


Importo minimo 1 000 USD
Importo totale 1 000 000 000 USD
Cusip 172967BU4
Standard & Poor's ( S&P ) rating BBB ( Lower medium grade - Investment-grade )
Moody's rating Baa2 ( Lower medium grade - Investment-grade )
Coupon successivo 22/02/2026 ( In 94 giorni )
Descrizione dettagliata Citigroup Inc. è una multinazionale statunitense operante nel settore dei servizi finanziari, offrendo una vasta gamma di prodotti e servizi bancari a clienti privati, aziende e istituzioni governative in tutto il mondo.

The Obbligazione issued by CityCorp Inc ( United States ) , in USD, with the ISIN code US172967BU43, pays a coupon of 5.875% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 22/02/2033

The Obbligazione issued by CityCorp Inc ( United States ) , in USD, with the ISIN code US172967BU43, was rated Baa2 ( Lower medium grade - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by CityCorp Inc ( United States ) , in USD, with the ISIN code US172967BU43, was rated BBB ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.







PROSPECTUS SUPPLEMENT
(to prospectus dated January 29, 2003)
$1,000,000,000
5.875% Subordinated Notes due 2033
The subordinated notes oÅered by this prospectus supplement will mature on February 22, 2033. The
notes will bear interest at a Ñxed rate of 5.875% per annum. Interest on the notes is payable semiannually
on the twenty-second day of February and August of each year, beginning August 22, 2003. The notes
may not be redeemed prior to maturity, unless changes involving United States taxation occur which could
require Citigroup to pay additional amounts as described under ""Description of Notes.'' The subordinated
notes will rank junior to Citigroup's senior indebtedness and will rank pari passu among themselves.
The subordinated notes are being oÅered globally for sale in the United States, Europe, Asia and
elsewhere where it is lawful to make such oÅers. Application has been made to list the notes on the
Luxembourg Stock Exchange.
Neither the Securities and Exchange Commission nor any state securities or insurance commission
nor the Luxembourg Stock Exchange has approved or disapproved of these notes or determined if this
prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the
contrary is a criminal oÅense.
Per Note
Total
Public OÅering Price ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
99.622%
$996,220,000
Underwriting Discount ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
.875%
$
8,750,000
Proceeds to Citigroup (before expenses)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
98.747%
$987,470,000
Interest on the notes will accrue from February 19, 2003 to the date of delivery. Net proceeds to
Citigroup (after expenses) are expected to be approximately $987,295,000.
The underwriters are oÅering the notes subject to various conditions. The underwriters expect that the
notes will be ready for delivery in book-entry form only through The Depository Trust Company,
Clearstream or the Euroclear System on or about February 19, 2003.
The notes are not deposits or savings accounts but are unsecured debt obligations of Citigroup and are not
insured by the Federal Deposit Insurance Corporation or any other governmental agency or instrumentality.
Salomon Smith Barney
Banc One Capital Markets, Inc.
Bear, Stearns & Co. Inc.
Lehman Brothers
Merrill Lynch & Co.
Barclays Capital
Credit Suisse First Boston
Sandler O'Neill & Partners, L.P.
The Williams Capital Group
February 11, 2003


TABLE OF CONTENTS
Page
Prospectus Supplement
The Company ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-4
Selected Historical Financial DataÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-4
Capitalization ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-5
Ratio of Income to Fixed Charges and Ratio of Income to Combined Fixed Charges Including
Preferred Stock Dividends ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-6
Use of Proceeds ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-6
Description of Subordinated Notes ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-7
United States Tax Documentation Requirements for Non-United States PersonsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-17
United States Federal Income Tax Considerations for Non-United States Holders ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-18
UnderwritingÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-20
Directors and Executive OÇcers of Citigroup Inc. ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-22
Legal Opinions ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-23
General Information ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
S-23
Prospectus
Prospectus Summary ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
1
Forward-Looking Statements ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
6
Citigroup Inc. ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
7
Use of Proceeds and Hedging ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
8
European Monetary Union ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
9
Description of Debt Securities ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
10
Description of Index Warrants ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
18
Description of Capital StockÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
21
Description of Preferred Stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
24
Description of Depositary Shares ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
27
Book-Entry Procedures and SettlementÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
30
Plan of Distribution ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
32
ERISA Considerations ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
34
Legal Matters ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
35
Experts ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
35
You should rely only on the information contained or incorporated by reference in this prospectus
supplement and the accompanying prospectus. Citigroup has not authorized any other person to provide
you with diÅerent information. If anyone provides you with diÅerent or inconsistent information, you
should not rely on it. Citigroup is not making an oÅer to sell the notes in any jurisdiction where their oÅer
and sale is not permitted. You should assume that the information appearing in this prospectus supplement
and the accompanying prospectus, as well as information Citigroup previously Ñled with the Securities and
Exchange Commission and incorporated by reference, is accurate only as of the date of the applicable
document.
This prospectus supplement and the accompanying prospectus include information provided in order
to comply with the rules governing the listing of securities on the Luxembourg Stock Exchange. Citigroup
is responsible for the accuracy of the information contained or incorporated by reference in this prospectus
supplement and the accompanying prospectus. Citigroup conÑrms, after reasonable inquiry, that to the best
of its knowledge and belief it has not omitted any other fact that would make any statement contained or
incorporated by reference in this prospectus supplement misleading in any material respect.
S-2


The Luxembourg Stock Exchange takes no responsibility for the contents of this document, makes
no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
prospectus supplement and the accompanying prospectus.
The distribution or possession of this prospectus and prospectus supplement in or from certain
jurisdictions may be restricted by law. Persons into whose possession this prospectus and prospectus
supplement come are required by Citigroup and the underwriters to inform themselves about, and to
observe any such restrictions, and neither Citigroup nor any of the underwriters accepts any liability in
relation thereto.
This document is only being distributed to and is only directed at (i) persons who are outside the
United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2001 (the ""Order'') or (iii) high net worth entities, and
other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all
such persons together being referred to as ""relevant persons''). The notes are only available to, and any
invitation, oÅer or agreement to subscribe, purchase or otherwise acquire such notes will be engaged in
only with, relevant persons. Any person who is not a relevant person should not act or rely on this
document or any of its contents.
In connection with this issue, Salomon Smith Barney Inc. may over-allot or eÅect transactions with a
view to supporting the market price of the notes at a higher level than that which might otherwise prevail
for a limited period after the issue date. However, there may be no obligation on Salomon Smith Barney
Inc. to do this. Such stabilizing, if commenced, may be discontinued at any time, and must be brought to
an end after a limited period.
This prospectus supplement and the accompanying prospectus are not an oÅer to sell these securities
and are not soliciting an oÅer to buy these securities in any jurisdiction where the oÅer or sale is not
permitted or where the person making the oÅer or sale is not qualiÑed to do so or to any person to whom
it is not permitted to make such oÅer or sale. See ""Underwriting.''
References in this prospectus supplement to ""dollars,'' ""$'' and ""U.S. $'' are to United States dollars.
S-3


THE COMPANY
Citigroup Inc. is a diversiÑed global Ñnancial services holding company whose businesses provide a
broad range of Ñnancial services to consumer and corporate customers with 200 million customer accounts
in over 100 countries and territories. Citigroup's business is conducted through more than 3,500
subsidiaries and aÇliates. Citigroup's activities are conducted through Global Consumer, Global Corporate
and Investment Bank, Private Client Services, Global Investment Management, and Proprietary
Investment Activities. Citigroup's principal subsidiaries are Citibank, N.A., Associates First Capital
Corporation, Salomon Smith Barney Inc., Grupo Financiero Banamex, S.A. de C.V. and The Travelers
Insurance Company, each of which is a wholly owned, indirect subsidiary of Citigroup. Citigroup was
incorporated in 1988 under the laws of the State of Delaware as a corporation with perpetual duration.
The principal oÇce of Citigroup is located at 399 Park Avenue, New York, New York 10043, and its
telephone number is (212) 559-1000.
SELECTED HISTORICAL FINANCIAL DATA
We are providing or incorporating by reference in this prospectus supplement selected historical
Ñnancial information of Citigroup. On August 6, 2001, Citicorp completed its acquisition of Grupo
Financiero Banamex Ì Accival (""Banamex''), which was accounted for as a purchase. The results of
Banamex are included from August 2001 forward. In addition, eÅective August 20, 2002, Citigroup
completed a distribution to its stockholders of a majority of its ownership interest in Travelers Property
Casualty Corp. (""TPC''). Following the August 2002 distribution, TPC was presented in Citigroup's
Ñnancial statements as a discontinued operation. The income statement data set forth below for all periods
prior to the August 2002 distribution have been conformed to reÖect this change. We derived this
information from the consolidated Ñnancial statements of Citigroup for each of the periods presented. The
information is only a summary and should be read together with the Ñnancial information incorporated by
reference in this prospectus supplement and the accompanying prospectus, copies of which can be obtained
free of charge. See ""Where You Can Find More Information'' on page 5 of the accompanying prospectus.
In addition, you may receive copies of all of Citigroup's filings with the SEC that are incorporated by
reference in this prospectus supplement and the accompanying prospectus free of charge at the office of
Citigroup's listing agent, Dexia Banque Internationale fia Luxembourg, located at 69, route d'Esch, L-2953
Luxembourg.
The consolidated audited annual Ñnancial statements of Citigroup for the Ñscal years ended
December 31, 2001 and 2000, and its consolidated unaudited Ñnancial statements for the periods ending
September 30, 2002 and 2001, are incorporated herein by reference. These statements are obtainable free
of charge at the oÇce of Citigroup's listing agent, at the address set forth in the preceding paragraph.
At or for the Nine
Months Ended
September 30,
At or for the Year Ended December 31,
2002
2001
2001
2000
1999
1998
1997
(dollars in millions, except per share amounts)
Income Statement Data:
Total revenues, net of interest
expense ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
$
53,435
$
49,500
$
67,367
$ 63,572
$ 54,809
$ 44,964
$ 43,467
Income from continuing
operations(1)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
11,019
9,658
13,229
12,231
10,193
5,846
6,648
Net income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
12,847
10,251
14,126
13,519
11,243
6,950
7,682
Dividends declared per common
share(2)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
0.520
0.440
0.600
0.520
0.405
0.277
0.200
Balance Sheet Data:
Total assets ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
$1,031,568
$1,068,249
$1,051,450
$902,210
$795,584
$740,336
$755,167
Total deposits ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
390,827
357,170
374,525
300,586
261,573
229,413
199,867
Long-term debtÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
109,672
128,276
121,631
111,778
88,481
86,250
75,605
Total stockholders' equity ÏÏÏÏÏÏ
80,766
78,399
81,247
66,206
58,290
51,035
47,956
(1)The periods ended September 30, 2002 and 2001 include net restructuring-related items of ($35)
million
(($24) million after-tax) and $475 million ($295 million after-tax), respectively. The years ended December 31,
2001, 2000, 1999, 1998 and 1997 include net restructuring-related items (and in 2000 and 1998 merger-related
costs) of $458 million ($285 million after-tax), $759 million ($550 million after-tax), ($53) million (($25) million
after-tax), $795 million ($535 million after-tax) and $1,718 million ($1,046 million after-tax), respectively.
(2)Amounts represent Citigroup's historical dividends per common share and have been adjusted to reflect stock splits.
S-4


CAPITALIZATION
The following table sets forth the consolidated capitalization of Citigroup at September 30, 2002 and
as adjusted to give eÅect to the issuance and sale of the notes and the assumed application of the proceeds
therefrom to the repayment of short-term borrowings. No other change in the consolidated capitalization
of Citigroup since September 30, 2002 is reÖected in the table. The information is only a summary and
should be read together with the Ñnancial information incorporated by reference in this prospectus
supplement and the accompanying prospectus and which can be obtained free of charge. See ""Where You
Can Find More Information'' on page 5 of the accompanying prospectus.
As of the date of this prospectus supplement, there has been no material change in the consolidated
capitalization of Citigroup since September 30, 2002 except as described herein and in the footnotes to the
table below. On November 7, 2002, Citigroup consummated the acquisition of Golden State Bancorp in a
transaction valued at approximately $5.8 billion. The consideration paid to Golden State Bancorp
shareholders in the acquisition included approximately 79.5 million shares of Citigroup common stock and
approximately $2.3 billion of cash.
At September 30, 2002
Outstanding
As Adjusted
(dollars in millions)
Debt:
Investment banking and brokerage borrowings ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
$ 19,951
$ 19,951
Short-term borrowings ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
27,991
26,991
Long-term debt ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
109,672
110,672
Total debt(1)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
157,614
157,614
Company or subsidiary obligated mandatorily redeemable securities of
subsidiary trusts holding solely junior subordinated debt securities of Ì
Company(2)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
4,605
4,605
Subsidiaries ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
1,483
1,483
Stockholders' equity:
Preferred stock at aggregate liquidation value(3)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
1,400
1,400
Common stock and additional paid-in capital (net of treasury stock)(4) ÏÏÏ
2,487
2,487
Retained earnings ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
79,911
79,911
Accumulated other changes in equity from nonowner sources ÏÏÏÏÏÏÏÏÏÏÏÏ
(1,095)(1,095)
Unearned compensation ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
(1,937)(1,937)
Total stockholders' equity ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
80,766
80,766
Total capitalization ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
$244,468
$244,468
(1)Does not reÖect the issuance by Citigroup (a)
on October 22, 2002 of $1,500,000,000 of its Öoating rate senior
notes, (b) on October 31, 2002 of $500,000,000 of its 5.625% subordinated notes, (c) on November 14, 2002 of
41,750,000,000 of its 4.625% senior notes, (d) on December 9, 2002 of Í40,000,000,000 of its Öoating rate senior
notes and an aggregate of Í115,000,000,000 of its Ñxed rate senior notes, (e) on January 31, 2003 of
$2,000,000,000 of its 3.50% senior notes and (f) on February 7, 2003 of $2,000,000,000 of its Öoating rate senior
notes.
(2)Does not reÖect the issuance by Citigroup of $1,134,020,625 of its 6.00% junior subordinated debt securities,
expected to be issued on February 13, 2003.
(3)Preferred stock, par value U.S. $1.00 per share, 30 million shares authorized, outstanding: 5,100,000 shares with a
liquidation value of U.S. $250; and 250,000 shares with a liquidation value of U.S. $500. See ""Description of
Preferred Stock'' and ""Description of Capital Stock Ì Preferred Stock'' in the accompanying prospectus.
(4)Common stock, par value U.S. $0.01 per share, 15 billion shares authorized, 5,062,022,718 shares outstanding at
September 30, 2002. See ""Description of Capital Stock'' in the accompanying prospectus.
S-5


RATIO OF INCOME TO FIXED CHARGES AND
RATIO OF INCOME TO COMBINED FIXED CHARGES
INCLUDING PREFERRED STOCK DIVIDENDS
The following table shows (1) the consolidated ratio of income to Ñxed charges and (2) the
consolidated ratio of income to combined Ñxed charges including preferred stock dividends of Citigroup for
the nine months ended September 30, 2002 and each of the Ñve most recent Ñscal years. These ratios have
been conformed to reÖect the presentation of TPC as a discontinued operation, as described under
""Selected Historical Financial Data'' above.
Nine Months
Year Ended December 31,
Ended
September 30, 2002
2001
2000
1999
1998
1997
Ratio of income to Ñxed charges (excluding
interest on deposits)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
2.70
2.00
1.82
1.90
1.48
1.59
Ratio of income to Ñxed charges (including
interest on deposits)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
2.01
1.64
1.52
1.56
1.30
1.38
Ratio of income to combined Ñxed charges
including preferred stock dividends (excluding
interest on deposits)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
2.68
1.98
1.81
1.88
1.45
1.55
Ratio of income to combined Ñxed charges
including preferred stock dividends (including
interest on deposits)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
2.00
1.63
1.52
1.55
1.29
1.36
USE OF PROCEEDS
Citigroup will use the net proceeds it receives from the sale of the notes for general corporate
purposes, which may include (1) capital contributions to subsidiaries of Citigroup and/or (2) the
reduction or reÑnancing of borrowings of Citigroup or its subsidiaries. Citigroup expects to incur additional
indebtedness in the future.
S-6


DESCRIPTION OF SUBORDINATED NOTES
The following description of the particular terms of the notes supplements the description of the
general terms set forth in the accompanying prospectus. It is important for you to consider the information
contained in the accompanying prospectus and this prospectus supplement before making your decision to
invest in the notes. If any speciÑc information regarding the notes in this prospectus supplement is
inconsistent with the more general terms of the notes described in the prospectus, you should rely on the
information contained in this prospectus supplement.
General
The notes oÅered by this prospectus supplement are a series of subordinated debt securities issued
under Citigroup's subordinated debt indenture. The notes will initially be limited to an aggregate principal
amount of $1,000,000,000. The notes will be issued only in fully registered form without coupons, in
denominations of $1,000 and whole multiples of $1,000. All the notes are unsecured obligations of
Citigroup and will rank equally with all other unsecured and subordinated indebtedness of Citigroup,
whether currently existing or hereinafter created, other than subordinated indebtedness which is designated
as junior to the notes.
As of the date of this prospectus supplement, Citigroup may oÅer an aggregate principal amount of
$13,346,150,000 of additional debt securities under the registration statement of which this prospectus
supplement and the accompanying prospectus form a part. Citigroup may, without notice to or consent of
the holders or beneÑcial owners of the notes, issue additional notes having the same ranking, interest rate,
maturity and other terms as the notes. Any such additional notes issued could be considered part of the
same series of notes under the indenture as the notes.
The notes are not redeemable prior to maturity, except upon the occurrence of the tax events
described below. See ""Ì Redemption for Tax Purposes.'' The redemption price for the notes will be 100%
of the principal amount thereof plus accrued interest to the date of the redemption. The notes are not
subject to any sinking fund.
The issue date for the subordinated notes is February 19, 2003. The notes will bear interest at a Ñxed
rate per annum of 5.875%, starting on February 19, 2003 and ending on their maturity date, which is
February 22, 2033. Interest on the notes will be payable semiannually on the twenty-second day of
February and August of each year, starting on August 22, 2003. All payments of interest on the notes will
be made to the persons in whose names the notes are registered at the close of business on the
February 15 or August 15 preceding the interest payment date. The amount of the interest payment on
August 22, 2003 will be $29.864 per $1,000 principal amount.
Interest will be calculated on the basis of a 360-day year comprised of twelve 30-day months. All
dollar amounts resulting from this calculation will be rounded to the nearest cent.
Payments of principal and interest on the notes issued in book-entry form will be made as described
below under ""Ì Book-Entry Notes.'' Payments of principal and interest on notes issued in deÑnitive form,
if any, will be made as described below under ""Ì DeÑnitive Notes and Paying Agents.''
The notes are subject to the defeasance provisions explained in the accompanying prospectus under
""Description of Debt Securities Ì Defeasance.''
The subordinated notes will rank subordinate and junior in right of payment to Citigroup's senior
indebtedness, as described in ""Description of Debt Securities'' in the accompanying prospectus. On a
consolidated basis, the aggregate principal amount of senior indebtedness of Citigroup outstanding as of
September 30, 2002 was approximately $146.0 billion. This senior indebtedness consisted of approximately
$98.1 billion of term debt, approximately $33.0 billion of commercial paper and approximately
$14.9 billion of other short-term borrowings.
If either an interest payment date or the maturity date of the notes falls on a day that is not a
Business Day, the payment due on such interest payment date or the maturity date will be postponed to
the next succeeding Business Day, and no further interest will accrue in respect of such postponement. For
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this purpose, ""Business Day'' means any day which is a day on which commercial banks settle payments
and are open for general business in New York City.
If a date for payment of interest or principal on the notes falls on a day that is not a business day in
the place of payment, such payment will be made on the next succeeding business day in such place of
payment as if made on the date the payment was due. No interest will accrue on any amounts payable for
the period from and after the due date for payment of such principal or interest.
Book-Entry Notes
Book-Entry Notes; The Depository Trust Company
Except under the limited circumstances described below, all notes will be book-entry notes. This
means that the actual purchasers of the notes will not be entitled to have the notes registered in their
names and will not be entitled to receive physical delivery of the notes in deÑnitive (paper) form. Instead,
upon issuance, all the notes will be represented by one or more fully registered global notes.
Each global note will be deposited with The Depository Trust Company, a securities depositary, and
will be registered in the name of DTC's nominee, Cede & Co. No global note representing book-entry
notes may be transferred except as a whole by DTC to a nominee of DTC, or by a nominee of DTC to
another nominee of DTC. Thus, DTC will be the only registered holder of the notes and will be
considered the sole representative of the beneÑcial owners of the notes for purposes of the indenture.
The registration of the global notes in the name of Cede & Co. will not aÅect beneÑcial ownership
and is performed merely to facilitate subsequent transfers. The book-entry system, which is also the system
through which most publicly traded common stock is held in the United States, is used because it
eliminates the need for physical movement of securities certiÑcates. The laws of some jurisdictions,
however, may require some purchasers to take physical delivery of their notes in deÑnitive form. These
laws may impair the ability of holders to transfer book-entry notes.
Purchasers of notes may hold interests in the global notes only through DTC, if they are participants
in such system. Purchasers may also hold interests indirectly through securities intermediaries Ì such as
banks, brokerage houses and other institutions that maintain securities accounts for customers Ì that have
accounts with DTC or its nominee (""participants''). Purchasers of notes can hold interests in the global
notes only through Clearstream International, or through Euroclear Bank S.A./N.V., as operator of the
Euroclear System, if they are participants in these systems or indirectly through organizations that are
participants in these systems.
Because DTC will be the only registered owner of the global notes, Clearstream and Euroclear will
hold positions through their respective U.S. depositaries, which in turn will hold positions on the books of
DTC. Citibank, N.A. will act as U.S. depositary for Clearstream, and JPMorgan Chase Bank will act as
U.S. depositary for Euroclear. For information on how accounts of ownership of notes held through DTC
are recorded, please refer to ""Book-Entry Procedures and Settlement'' beginning on page 27 of the
accompanying prospectus.
Citigroup, the trustee and all of their agents will not be liable for the accuracy of, or responsible for
maintaining, supervising or reviewing, DTC's records or any participant's records relating to book-entry
notes. Citigroup, the trustee and all of their agents also will not be responsible or liable for payments made
on account of the book-entry notes.
In this prospectus supplement, unless and until deÑnitive (paper) notes are issued to the beneÑcial
owners as described below, all references to ""holders'' of notes shall mean DTC. Citigroup, the trustee and
any paying agent, transfer agent or registrar may treat DTC as the absolute owner of the notes for all
purposes.
Citigroup will make all distributions of principal and interest on their notes to DTC. Citigroup will
send all required reports and notices solely to DTC as long as DTC is the registered holder of the notes.
All required notices will be published as described under ""Ì Notices'' below. DTC and its participants are
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generally required by law to receive and transmit all distributions, notices and directions from Citigroup
and the trustee to the beneÑcial owners through a chain of intermediaries. Purchasers of the notes will not
receive written conÑrmation from DTC of their purchases. However, beneÑcial owners of book-entry notes
are expected to receive written conÑrmations providing details of the transaction, as well as periodic
statements of their holdings, from the participants or indirect participants through which they entered into
the transaction.
Similarly, Citigroup and the trustee will accept notices and directions solely from DTC. Therefore, in
order to exercise any rights of a holder of notes under the indenture, each person owning a beneÑcial
interest in the notes must rely on the procedures of DTC and, in some cases, Clearstream or Euroclear. If
the beneÑcial owner is not a participant in the applicable system, then it must rely on the procedures of
the participant through which that person owns its interest. DTC has advised Citigroup that it will take
actions under the indenture only at the direction of its participants, which in turn will act only at the
direction of the beneÑcial owners. Some of these actions, however, may conÖict with actions DTC takes at
the direction of other participants and beneÑcial owners.
Notices and other communications by DTC to participants, by participants to indirect participants,
and by participants and indirect participants to beneÑcial owners will be governed by arrangements among
them.
Book-entry notes may be more diÇcult to pledge because of the lack of a physical note. BeneÑcial
owners may experience delays in receiving distributions on their notes since distributions will initially be
made to DTC and must then be transferred through the chain of intermediaries to the beneÑcial owner's
account.
For background information on DTC, please refer to ""Book-Entry Procedures and Settlement''
beginning on page 27 of the accompanying prospectus.
Clearstream
Clearstream International was incorporated as a limited liability company under Luxembourg law.
Clearstream holds securities for its customers and facilitates the clearance and settlement of securities
transactions between Clearstream customers through electronic book-entry changes in accounts of
Clearstream customers, thus eliminating the need for physical movement of certiÑcates. Clearstream
provides to its customers, among other things, services for safekeeping, administration, clearance and
settlement of internationally traded securities and securities lending and borrowing. Clearstream interfaces
with domestic markets in a number of countries. Clearstream has established an electronic bridge with
Euroclear Bank S.A./N.V., the operator of the Euroclear System, to facilitate settlement of trades between
Clearstream and Euroclear.
As a registered bank in Luxembourg, Clearstream is subject to regulation by the Luxembourg
Commission for the Supervision of the Financial Sector. Clearstream customers are recognized Ñnancial
institutions around the world, including underwriters, securities brokers and dealers, banks, trust companies
and clearing corporations. In the United States, Clearstream customers are limited to securities brokers
and dealers and banks. Clearstream customers may include the underwriters. Other institutions that
maintain a custodial relationship with a Clearstream customer may obtain indirect access to Clearstream.
Clearstream is an indirect participant in DTC.
Distributions with respect to the notes held beneÑcially through Clearstream will be credited to cash
accounts of Clearstream customers in accordance with its rules and procedures, to the extent received by
Clearstream.
The Euroclear System
The Euroclear System was created in 1968 to hold securities for participants of the Euroclear System
and to clear and settle transactions between Euroclear participants through simultaneous electronic book-
S-9


entry delivery against payment, thus eliminating the need for physical movement of certiÑcates and risk
from lack of simultaneous transfers of securities and cash. Transactions may now be settled in many
currencies, including United States dollars and Euros. The Euroclear System provides various other
services, including securities lending and borrowing and interfaces with domestic markets in several
countries generally similar to the arrangements for cross-market transfers with DTC described below.
The Euroclear System is operated by Euroclear Bank S.A./N.V. (the ""Euroclear Operator''), under
contract with Euroclear Clearance System, S.C., a Belgian cooperative corporation (the ""Cooperative'').
The Euroclear Operator conducts all operations, and all Euroclear securities clearance accounts and
Euroclear cash accounts are accounts with the Euroclear Operator, not the Cooperative. The Cooperative
establishes policy for the Euroclear System on behalf of Euroclear participants. Euroclear participants
include banks (including central banks), securities brokers and dealers and other professional Ñnancial
intermediaries and may include the underwriters. Indirect access to the Euroclear System is also available
to other Ñrms that clear through or maintain a custodial relationship with a Euroclear participant, either
directly or indirectly. Euroclear is an indirect participant in DTC.
The Terms and Conditions Governing Use of Euroclear and the related Operating Procedures of the
Euroclear System and applicable Belgian law govern securities clearance accounts and cash accounts with
the Euroclear Operator. SpeciÑcally, these terms and conditions govern:
, transfers of securities and cash within the Euroclear System;
, withdrawal of securities and cash from the Euroclear System and
, receipts of payments with respect to securities in the Euroclear System.
All securities in the Euroclear System are held on a fungible basis without attribution of speciÑc
certiÑcates to speciÑc securities clearance accounts. The Euroclear Operator acts under the terms and
conditions only on behalf of Euroclear participants and has no record of or relationship with persons
holding securities through Euroclear participants.
Distributions with respect to notes held beneÑcially through Euroclear will be credited to the cash
accounts of Euroclear participants in accordance with the Euroclear Terms and Conditions, to the extent
received by the Euroclear Operator and by Euroclear.
The foregoing information about DTC, Clearstream and Euroclear has been provided by each of them
for informational purposes only and is not intended to serve as a representation, warranty or contract
modiÑcation of any kind.
Global Clearance and Settlement Procedures
Initial settlement for the notes will be made in immediately available funds. Secondary market trading
between DTC participants will occur in the ordinary way, in accordance with DTC's rules, and will be
settled in immediately available funds using DTC's same-day funds settlement system. Secondary market
trading between Clearstream participants and/or Euroclear participants will occur in the ordinary way, in
accordance with the applicable rules and operating procedures of Clearstream and Euroclear, and will be
settled using the procedures applicable to conventional eurobonds in immediate available funds.
Cross-market transfers between persons holding directly or indirectly through DTC, on the one hand,
and directly or indirectly through Clearstream or Euroclear participants, on the other, will be eÅected
through DTC, in accordance with DTC's rules, on behalf of the relevant European international clearing
system by the U.S. depositaries. However, such cross-market transactions will require delivery of
instructions to the relevant European international clearing system by the counterparty in this system in
accordance with its rules and procedures and within its established deadlines, European time. The relevant
European international clearing system will, if the transaction meets its settlement requirements, deliver
instructions to its U.S. depositary to take action to eÅect Ñnal settlement on its behalf by delivering or
receiving notes in DTC, and making or receiving payment in accordance with normal procedures for same-
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