Obligation Citi Global Markets 7% ( US172967PM70 ) en USD

Citi Global Markets

103.103 % ▼

Etats-unis

US172967PM70 ( en USD )

7% par an ( paiement semestriel )

Perpétuelle

Prospectus brochure de l'obligation Citigroup Global Markets Holdings US172967PM70 en USD 7%, échéance Perpétuelle

1 000 USD

1 500 000 000 USD

172967PM7

BB+ ( Spéculatif )

15/05/2025 ( Dans 5 jours )

Citigroup Global Markets Holdings est une filiale de Citigroup Inc. qui offre une gamme complète de services de marchés financiers, notamment des services de banque d'investissement, de courtage, de négociation de titres et de gestion des risques.

L'Obligation émise par Citi Global Markets ( Etats-unis ) , en USD, avec le code ISIN US172967PM70, paye un coupon de 7% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le Perpétuelle
L'Obligation émise par Citi Global Markets ( Etats-unis ) , en USD, avec le code ISIN US172967PM70, a été notée BB+ ( Spéculatif ) par l'agence de notation Standard & Poor's ( S&P ).

FWP 1 d819670dfwp.htm FWP
FILED PURSUANT TO RULE 433
File No. 333-270327
CITIGROUP INC.
1,500,000 DEPOSITARY SHARES
EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF
7.000% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES DD
Terms and Conditions
Issuer:
Citigroup Inc.
Securities:
1,500,000 depositary shares, each representing a 1/25th interest in a share of perpetual 7.000% Fixed
Rate Reset Noncumulative Preferred Stock, Series DD (the "Series DD preferred stock").
Ratings*:
Ba1 / BB+ / BBB- / BBBH
(Stable Outlook / Stable Outlook / Stable Outlook / Stable Outlook)
(Moody's / S&P / Fitch / DBRS)
Trade Date:
July 23, 2024
Settlement Date:
July 30, 2024 (T+5 days)
Maturity:
Perpetual
Liquidation Preference:
$25,000 per share of Series DD preferred stock (equivalent to $1,000 liquidation preference per
depositary share).
Aggregate Liquidation Preference:
$1,500,000,000
Public Offering Price:
$1,000 per depositary share.
Net Proceeds to Citigroup:
$1,477,500,000 (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 DD preferred stock to, but excluding, August 15, 2034
(the "First Reset Date"), at an annual rate of 7.000% on the liquidation preference amount of $25,000
per share of Series DD preferred stock, quarterly in arrears, beginning on November 15, 2024 and
(ii) from, and including, the First Reset Date, for each reset period, at an annual rate equal to the
ten-year treasury rate as of the most recent reset dividend determination date plus 2.757% on the
liquidation preference amount of $25,000 per share of Series DD preferred stock, quarterly in arrears,
beginning on November 15, 2034.
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 tenth 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, November 15, 2024
Day Count:
30/360
Redemption at Issuer Option:
Subject to any required prior approval of the Federal Reserve, Citigroup may redeem the Series DD
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 July 23, 2024), 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.
Sinking Fund:
Not applicable
Listing:
None

CITIGROUP INC.
1,500,000 DEPOSITARY SHARES
EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF
7.000% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES DD
Voting Rights:
The holders of the Series DD 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 DD preferred stock. Holders of depositary shares must act through the depositary to
exercise any voting rights.
Depositary Shares CUSIP / ISIN:
172967 PM7 / US172967PM70
Use of Proceeds:
Citigroup expects to use the net proceeds from the sale of the depositary shares representing interests
in the Series DD 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 U 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 Bookrunner:
Citigroup Global Markets Inc.
Senior Co-Managers:
ANZ Securities, Inc.
Barclays Capital Inc.
BMO Capital Markets Corp.
CaixaBank, S.A.
Capital One Securities, Inc.
Deutsche Bank Securities Inc.
Intesa Sanpaolo IMI Securities Corp.
MUFG Securities Americas Inc.
Natixis Securities Americas LLC
Nomura Securities International, Inc.
PNC Capital Markets 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
TD Securities (USA) LLC
U.S. Bancorp Investments, Inc.
UBS Securities LLC

CITIGROUP INC.
1,500,000 DEPOSITARY SHARES
EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF
7.000% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES DD
Junior Co-Managers:
ABN AMRO Capital Markets (USA) LLC
Bancroft Capital, LLC
Blaylock Van, LLC
BNY Mellon Capital Markets, LLC
CastleOak Securities, L.P.
CAVU Securities LLC
CIBC World Markets Corp.
Citizens JMP Securities, LLC
Commerz Markets LLC
Commonwealth Bank of Australia
Desjardins Securities Inc.
DZ Financial Markets LLC
Emirates NBD Bank PJSC
Falcon Square Capital LLC
Fifth Third Securities Inc.
Huntington Securities, Inc.
Independence Point Securities LLC
ING Financial Markets LLC
KeyBanc Capital Markets Inc.
Lloyds Securities Inc.
M&T Securities, Inc.
Macquarie Capital (USA) Inc.
MFR Securities, Inc.
Mizuho Securities USA LLC
nabSecurities, LLC
National Bank of Canada Financial Inc.
Nordea Bank Abp
Penserra Securities LLC
RB International Markets (USA) LLC
Regions Securities LLC
Samuel A. Ramirez & Company, Inc.
Swedbank AB (publ)
Truist Securities, Inc.
UniCredit Capital Markets LLC
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.