Obligation CitiCorp 2.85% ( US1730T32J13 ) en USD

CitiCorp

100 % ▲

Etas-Unis

US1730T32J13 ( en USD )

2.85% par an ( paiement semestriel )

15/11/2026

Prospectus brochure de l'obligation Citigroup US1730T32J13 en USD 2.85%, échéance 15/11/2026

1 000 USD

1 000 000 USD

1730T32J1

BBB+ ( Qualité moyenne inférieure )

A3 ( Qualité moyenne supérieure )

15/11/2025 ( Dans 106 jours )

Citigroup est une société financière multinationale américaine offrant une large gamme de services financiers, notamment des services bancaires de détail, des services bancaires d'investissement, la gestion d'actifs et les services de cartes de crédit, à travers le monde.

L'obligation, identifiée par le code ISIN US1730T32J13 et le code CUSIP 1730T32J1, est émise par Citigroup, une institution financière mondiale de premier plan, reconnue pour ses activités diversifiées dans les services bancaires aux particuliers, aux entreprises, la gestion de patrimoine et les marchés de capitaux, et dont le pays d'émission est les États-Unis; cet instrument financier est actuellement négocié à 100% de son prix nominal en USD, propose un taux d'intérêt annuel de 2.85% avec une fréquence de paiement semestrielle, et atteint sa maturité le 15 novembre 2026, l'émission totale s'élevant à 1 000 000 USD avec une taille minimale d'achat fixée à 1 000 USD, le tout bénéficiant d'une notation BBB+ par Standard & Poor's et A3 par Moody's.

424B2 1 dp70201_424b2-1559.htm PRICING SUPPLEMENT

16-1559 10Y Non-Callable Fixed Rate Notes

CALCULATION OF REGISTRATION FEE

Title of each class of securities to be registered
Maximum aggregate offering price
Amount of registration fee(1) (2)
Medium-Term Senior Notes, Series N
$1,000,000
$115.90

(1)
Calculated in accordance with Rule 457(r) of the Securities Act.

(2)
Pursuant to Rule 456(b) under the Securities Act, a total of $198,001.74 remains of the wire sent to the SEC on January 8, 2016. The filing fee for this issuance of
$115.90 is drawn from that amount, such that $197,885.84 remains available for the payment of future registration fees.

Citigroup Inc.

N ove m be r 7 , 2 0 1 6
M e dium -T e rm Se nior N ot e s, Se rie s G
Pric ing Supple m e nt N o. 2 0 1 6 -CM T N G0 9 8 3
File d Pursua nt t o Rule 4 2 4 (b)(2 )
Re gist ra t ion St a t e m e nt N o. 3 3 3 -2 1 4 1 2 0
Fixed Rate Notes
2 .8 5 % N ot e s Due 2 0 2 6
The notes mature on November 15, 2026 and will bear interest at the fixed rate per annum indicated below. Interest will be payable
semi-annually. We do not have the right to redeem the notes prior to maturity.
The notes are senior unsecured debt securities of Citigroup Inc. All pa ym e nt s due on t he not e s a re subje c t t o t he c re dit
risk of Cit igroup I nc . I f Cit igroup I nc . de fa ult s on it s pa ym e nt obliga t ions, you c ould lose som e or a ll of your
inve st m e nt .
K EY T ERM S
I ssue r:
Citigroup Inc.
St a t e d princ ipa l a m ount :
$1,000 per note
Aggre ga t e st a t e d princ ipa l
$1,000,000
a m ount :
Pric ing da t e :
November 7, 2016
I ssue da t e :
November 10, 2016
M a t urit y da t e :
November 15, 2026
Pa ym e nt a t m a t urit y:
$1,000 per note plus any accrued and unpaid interest.
I nt e re st :
On each interest payment date, for each note you hold at the close of business on the
applicable regular record date, we will pay you an interest payment calculated as follows:
$1,000 × interest rate per annum × day count fraction. The regular record date for any interest
payment date is the business day preceding that interest payment date. Notwithstanding the
foregoing, the interest payment due at maturity will be paid to the persons who hold the notes
on the maturity date.
I nt e re st ra t e pe r a nnum :
2.85%
I nt e re st pa ym e nt da t e s:
Semi-annually on the 15th day of each May and November of each year, beginning on May
15, 2017 and ending on the maturity date.
Post pone m e nt for non -
If any interest payment date or the maturity date is not a business day, the payment required
busine ss da ys:
to be made on that day will be made on the next succeeding business day, and no additional
interest will accrue as a result of the delay in payment. A "business day" is any day that is
not a Saturday or Sunday and that, in New York City, is not a day on which banking
institutions are authorized or obligated by law or executive order to close.
Da y c ount fra c t ion:
For any interest payment date: (i) the number of calendar days from and including the
immediately preceding interest payment date (or the issue date in the case of the first interest
payment date) to but excluding the current interest payment date, where each complete one-
month period (measured from and including a given numerical date in one month to but
excluding the same numerical date in the next month) is deemed to contain 30 calendar days,
divided by (ii) 360. For purposes of the preceding sentence, the number of calendar days
from and including the issue date to but excluding the first interest payment date is equal to
(x) the number of calendar days from and including the issue date to but excluding the first
succeeding day that is the 15th of a month plus (y) the number of months from and including
the month of such first succeeding day to but excluding the month of the first interest payment
date multiplied by 30.
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Survivor's opt ion:
The notes are Survivor's Option Notes. The representative of a deceased beneficial owner of
the notes will have the right to request early repayment of the notes, subject to the terms and
limitations described in this pricing supplement in the section "Repayment Upon Death."
CU SI P/I SI N :
1730T32J1 / US1730T32J13
List ing:
The notes will not be listed on any securities exchange and, accordingly, may have limited or
no liquidity. You should not invest in the notes unless you are willing to hold them to maturity.
U nde rw rit e rs:
Citigroup Global Markets Inc. ("CGMI"), an affiliate of Citigroup Inc., as lead agent, and
Incapital LLC, as agent, each acting as principal.
U nde rw rit ing fe e a nd issue
I ssue pric e
pric e :
U nde rw rit ing fe e (1)
Proc e e ds t o issue r
Pe r not e :
$1,000.00
$18.00
$982.00
T ot a l:
$1,000,000.00
$18,000.00
$982,000.00
(1) For more information on the distribution of the notes, see "Supplemental Plan of Distribution" in this pricing supplement. In addition to the underwriting
fee, CGMI and its affiliates may profit from hedging activity related to the notes, even if the value of the notes declines. See "Use of Proceeds and Hedging"
in the accompanying prospectus.

I nve st ing in t he not e s involve s risk s. Se e "Risk Fa c t ors Re la t ing t o t he N ot e s" be ginning on
pa ge PS-2 .

N e it he r t he Se c urit ie s a nd Ex c ha nge Com m ission nor a ny st a t e se c urit ie s c om m ission ha s a pprove d or
disa pprove d of t he not e s or de t e rm ine d t ha t t his pric ing supple m e nt a nd t he a c c om pa nying prospe c t us
supple m e nt a nd prospe c t us is t rut hful or c om ple t e . Any re pre se nt a t ion t o t he c ont ra ry is a c rim ina l offe nse .

Y ou should re a d t his pric ing supple m e nt t oge t he r w it h t he a c c om pa nying prospe c t us supple m e nt a nd
prospe c t us, w hic h c a n be a c c e sse d via t he follow ing hype rlink :

Prospe c t us Supple m e nt a nd Prospe c t us e a c h da t e d Oc t obe r 1 4 , 2 0 1 6

T he not e s a re not ba nk de posit s a nd a re not insure d or gua ra nt e e d by t he Fe de ra l De posit I nsura nc e
Corpora t ion or a ny ot he r gove rnm e nt a l a ge nc y, nor a re t he y obliga t ions of, or gua ra nt e e d by, a ba nk .

Cit igroup Globa l M a rk e t s
I nc a pit a l LLC

Citigroup Inc.
Fixed Rate Notes
2 .8 5 % N ot e s Due 2 0 2 6

Additional Information

The terms of the notes are set forth in the accompanying prospectus supplement and prospectus, as supplemented by this pricing
supplement. The accompanying prospectus supplement and prospectus contain important disclosures that are not repeated in this
pricing supplement. You should carefully review the accompanying prospectus supplement and prospectus together with this pricing
supplement in connection with your investment in the notes. To the extent that the description of the terms of the notes set forth in
this pricing supplement is inconsistent with the information set forth in the accompanying prospectus supplement and prospectus,
the information in this pricing supplement controls.

The notes are senior unsecured debt securities issued by Citigroup Inc. under the senior debt indenture described in the
accompanying prospectus supplement and prospectus. The notes will constitute part of the senior debt of Citigroup Inc. and will
rank equally with all other unsecured and unsubordinated debt of Citigroup Inc.

Risk Factors Relating to the Notes

The risk factors below describe certain risks associated with an investment in the notes. You should read the risk factors below
together with the risk factors included in the documents incorporated by reference in the accompanying prospectus, including our
most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, which describe risks relating to
our business more generally. We also urge you to consult your investment, legal, tax, accounting and other advisers.

T he not e s a re subje c t t o t he c re dit risk of Cit igroup I nc ., a nd a ny a c t ua l or a nt ic ipa t e d c ha nge s t o it s
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c re dit w ort hine ss m a y a dve rse ly a ffe c t t he va lue of t he not e s. If Citigroup Inc. defaults on its obligations under the
notes, your investment would be at risk and you could lose some or all of your investment. As a result, the value of the notes
will be affected by changes in the market's view of Citigroup Inc.'s creditworthiness. Any decline, or anticipated decline, in
Citigroup Inc.'s creditworthiness is likely to adversely affect the value of the notes.

T he not e s w ill not be list e d on a ny se c urit ie s e x c ha nge a nd you m a y not be a ble t o se ll t he not e s prior
t o m a t urit y. The notes will not be listed on any securities exchange. Therefore, there may be little or no secondary market
for the notes. CGMI currently intends to make a secondary market in relation to the notes and to provide an indicative bid price
for the notes on a daily basis. Any indicative bid price for the notes provided by CGMI will be determined in CGMI's sole
discretion, taking into account prevailing market conditions and other relevant factors, and will not be a representation by CGMI
that the notes can be sold at that price or at all. CGMI may suspend or terminate making a market and providing indicative bid
prices without notice, at any time and for any reason. If CGMI suspends or terminates making a market, there may be no
secondary market at all for the notes because it is likely that CGMI will be the only broker-dealer that is willing to buy your
notes prior to maturity. Accordingly, an investor must be prepared to hold the notes until maturity.

Se c onda ry m a rk e t sa le s of t he not e s a re lik e ly t o re sult in a loss of princ ipa l. You will be entitled to receive at
least the full stated principal amount of your notes, subject to the credit risk of Citigroup Inc., only if you hold the notes to
maturity. If you are able to sell your notes prior to maturity, you are likely to receive less than the stated principal amount of the
notes.

Any inc re a se in m a rk e t int e re st ra t e s is lik e ly t o re duc e t he va lue of t he not e s. If market interest rates
increase, the interest rate payable on the notes will become less favorable as compared to the yield available on other
investments with a similar level of risk as the notes at that time, reducing the value of the notes.

T he not e s a re risk ie r t ha n not e s w it h a short e r t e rm . The notes are relatively long-dated. Because the notes are
relatively long-dated, the risks of the notes are heightened as compared to notes with a shorter term because you will be
subject to those risks for a longer period of time. In addition, the value of a longer-dated note is typically less than the value of
an otherwise comparable note with a shorter term.

T he inc lusion of unde rw rit ing fe e s a nd proje c t e d profit from he dging in t he issue pric e is lik e ly t o
a dve rse ly a ffe c t se c onda ry m a rk e t pric e s. Assuming no changes in market conditions or other relevant factors, the
price, if any, at which CGMI may be willing to purchase the notes in secondary market transactions will likely be lower than the
issue price since the issue price of the notes includes, and secondary market prices are likely to exclude, underwriting fees
paid with respect to the notes, as well as the cost of hedging our obligations under the notes. The cost of hedging includes the
projected profit that our affiliates may realize in consideration for assuming the risks inherent in managing the hedging
transactions. The secondary market prices for the notes are also likely to be reduced by the costs of unwinding the related
hedging transactions. Our affiliates may realize a profit from the expected hedging activity even if the value of the notes
declines. In addition, any secondary market prices for the notes may differ from values determined by pricing models used by
CGMI, as a result of dealer discounts, mark-ups or other transaction costs.

November 2016
PS-2
Citigroup Inc.
Fixed Rate Notes
2 .8 5 % N ot e s Due 2 0 2 6

T he pric e a t w hic h you m a y be a ble t o se ll your not e s prior t o m a t urit y w ill de pe nd on a num be r of
fa c t ors a nd m a y be subst a nt ia lly le ss t ha n t he a m ount you origina lly inve st . A number of factors will influence
the value of the notes in any secondary market that may develop and the price at which CGMI may be willing to purchase the
notes in any such secondary market, including: interest rates in the market, the time remaining to maturity of the notes,
hedging activities by our affiliates, fees and projected hedging fees and profits, changes in CGMI's estimation of the value of
the survivor's option and any actual or anticipated changes in the credit ratings, financial condition and results of Citigroup Inc.
The value of the notes will vary and is likely to be less than the issue price at any time prior to maturity, and sale of the notes
prior to maturity may result in a loss.

I m m e dia t e ly follow ing issua nc e , a ny se c onda ry m a rk e t bid pric e provide d by CGM I , a nd t he va lue t ha t
w ill be indic a t e d on a ny brok e ra ge a c c ount st a t e m e nt s pre pa re d by CGM I or it s a ffilia t e s, w ill re fle c t a
t e m pora ry upw a rd a djust m e nt . The amount of this temporary upward adjustment will steadily decline to zero over the
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temporary adjustment period. See "Supplemental Plan of Distribution" in this pricing supplement.

T he survivor's opt ion is subje c t t o signific a nt lim it a t ions. The representative of a deceased beneficial owner of
the notes will have the right to request early repayment of the notes by us on the terms described in the section "Repayment
Upon Death" in this pricing supplement. That repayment right is subject to significant limitations, including the following: the
notes must have been beneficially owned by the deceased beneficial owner or his or her estate for at least one year prior to
submission of the request for repayment; the notes will be grouped with all other Survivor's Option Notes and subject to an
aggregate annual repayment limit, as more fully described under "Repayment Upon Death" in this pricing supplement; and we
will not be obligated to repay more than $250,000 in stated principal amount of the notes offered by this pricing supplement to
the representative of any individual deceased beneficial owner of the notes in any calendar year. Because of these limitations,
your representative may not be able to obtain repayment of any of the notes beneficially owned by you following your death, or
may only be able to obtain repayment of a portion of the notes owned by you, and any such repayment may be delayed for
multiple years. See "Repayment Upon Death" in this pricing supplement for additional information.

United States Federal Tax Considerations

The notes will be treated for U.S. federal income tax purposes as fixed rate debt instruments that are issued without original issue
discount.

Both U.S. and non-U.S. persons considering an investment in the notes should read the discussion under "United States Federal
Tax Considerations," and in particular the sections entitled "United States Federal Tax Considerations--Tax Consequences to U.S.
Holders," "--Tax Consequences to Non-U.S. Holders" and "--FATCA" in the accompanying prospectus supplement for more
information.

Supplemental Plan of Distribution

CGMI, an affiliate of Citigroup Inc. and the lead agent for the sale of the notes, will purchase all of the notes offered by this pricing
supplement at the issue price set forth on the cover page of this pricing supplement less the underwriting fee set forth on the cover
page of this pricing supplement and will sell all of such notes to Incapital LLC, as agent for the sale of the notes, at the same price.
Incapital LLC will, in turn, offer the notes to the public at the issue price set forth on the cover page of this pricing supplement
and/or to selected dealers at the issue price less a selling concession not in excess of the underwriting fee set forth on the cover
page of this pricing supplement. If all of the notes are not sold at the initial issue price, CGMI may change the issue price and other
selling terms.

CGMI is an affiliate of ours. Accordingly, this offering will conform with the requirements addressing conflicts of interest when
distributing the securities of an affiliate set forth in Rule 5121 of the Financial Industry Regulatory Authority. Client accounts over
which Citigroup Inc. or its subsidiaries have investment discretion will not be permitted to purchase the notes, either directly or
indirectly, without the prior written consent of the client.

See "Plan of Distribution" in each of the accompanying prospectus supplement and prospectus for additional information.

In order to hedge its obligations under the notes, Citigroup Inc. has entered into one or more swaps or other derivatives
transactions with one or more of its affiliates. You should refer to the section "Risk Factors Relating to the Notes--The inclusion of
underwriting fees and projected profit from hedging in the issue price is likely to adversely affect secondary market prices" in this
pricing supplement and the section "Use of Proceeds and Hedging" in the accompanying prospectus.

For a period of approximately six months following issuance of the notes, the price, if any, at which CGMI would be willing to buy
the notes from investors, and the value that will be indicated for the notes on any brokerage account statements prepared

November 2016
PS-3
Citigroup Inc.
Fixed Rate Notes
2 .8 5 % N ot e s Due 2 0 2 6

by CGMI or its affiliates (which value CGMI may also publish through one or more financial information vendors), will reflect a
temporary upward adjustment from the price or value that would otherwise be determined. This temporary upward adjustment
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represents a portion of the hedging profit expected to be realized by CGMI or its affiliates over the term of the notes. The amount of
this temporary upward adjustment will decline to zero on a straight-line basis over the six-month temporary adjustment period.
However, CGMI is not obligated to buy the notes from investors at any time. See "Risk Factors Relating to the Notes--The notes
will not be listed on any securities exchange and you may not be able to sell the notes prior to maturity."

Repayment Upon Death

Following the death of any beneficial owner of the notes, Citigroup Inc. will repay any notes (or the applicable portion of any notes)
that are beneficially owned by the deceased beneficial owner and are validly tendered for repayment at a price equal to the stated
principal amount of the notes tendered plus accrued and unpaid interest to but excluding the date of repayment. To be validly
tendered, notes must be submitted for repayment in accordance with the requirements set forth below by a representative of the
deceased beneficial owner who has authority to act on behalf of the deceased beneficial owner under the laws of the appropriate
jurisdiction (including, without limitation, the personal representative, executor, surviving joint tenant or surviving tenant by the
entirety of the deceased beneficial owner). The right of the representative of a deceased beneficial owner to request repayment
under this section, which we refer to as the "survivor's option," is subject to the following important limitations:

?
The notes tendered for repayment must have been beneficially owned by the deceased beneficial owner or his or her
estate for at least one year prior to the submission of the request for repayment.

?
Citigroup Inc.'s repayment obligation with respect to all Survivor's Option Notes (including but not limited to the notes
offered by this pricing supplement) in any calendar year will be subject to an aggregate limit (the "Aggregate Annual
Limit") equal to the greater of (i) $2 million and (ii) 1% of the aggregate outstanding stated principal amount of all
Survivor's Option Notes as of the end of the most recent calendar year. The Aggregate Annual Limit applies to all
Survivor's Option Notes as a group. "Survivor's Option Notes" are notes issued by Citigroup Inc. on or after June 1,
2014 that are designated as Survivor's Option Notes in the applicable pricing supplement. The notes offered by this
pricing supplement are Survivor's Option Notes.

?
Citigroup Inc. will not be obligated to repay more than $250,000 in stated principal amount of the notes offered by this
pricing supplement to the representative of any individual deceased beneficial owner in any calendar year (the
"$250,000 Individual Annual Limit"). For the avoidance of doubt, the $250,000 Individual Annual Limit applies only to
the notes offered by this pricing supplement. Any other Survivor's Option Notes owned by a deceased beneficial owner
of the notes offered by this pricing supplement would not count against the $250,000 Individual Annual Limit applicable
to the notes offered by this pricing supplement.

?
The stated principal amount of notes tendered for repayment must be $1,000 or an integral multiple of $1,000.

Notes that are validly tendered pursuant to this section will be accepted promptly in the order all such notes are tendered, except
for any notes the acceptance of which would contravene the limitations described above. The Aggregate Annual Limit and the
$250,000 Individual Annual Limit will be applied to the notes (and, in the case of the Aggregate Annual Limit, all other Survivor's
Option Notes) in the order tendered, so that all validly tendered notes will be accepted for repayment in the order tendered until
the relevant limit is reached, and any additional or subsequently tendered notes will not be accepted for repayment in the current
calendar year. Any notes tendered for repayment that are not accepted in any calendar year due to the application of the
Aggregate Annual Limit or the $250,000 Individual Annual Limit will be deemed to be tendered in the following calendar year (and
succeeding calendar years if any notes continue not to be accepted in the following calendar year due to the application of these
limits) in the order in which such notes were originally tendered.

Be c a use of t he lim it s de sc ribe d a bove , your re pre se nt a t ive m a y not be a ble t o obt a in re pa ym e nt of a ny of
t he not e s be ne fic ia lly ow ne d by you follow ing your de a t h, or m a y only be a ble t o obt a in re pa ym e nt of a
port ion of t he not e s ow ne d by you, a nd a ny suc h re pa ym e nt m a y be de la ye d for m ult iple ye a rs. The following
illustrate some of the potential effects of these limitations:

?
If you have beneficially owned the notes for less than one year at the date of your death, your representative will not
be entitled to request repayment under this section until one year after the date you acquired your beneficial
ownership.

?
All Survivor's Option Notes, including but not limited to the notes, are grouped together for purposes of applying the
Aggregate Annual Limit, which in any calendar year is equal to the greater of (i) $2 million and (ii) 1% of the aggregate
outstanding stated principal amount of all Survivor's Option Notes as of the end of the most recent

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November 2016
PS-4
Citigroup Inc.
Fixed Rate Notes
2 .8 5 % N ot e s Due 2 0 2 6

calendar year. Because it is not possible to predict the aggregate amount of Survivor's Option Notes that will be
outstanding as of the end of any future calendar year, you should assume that the Aggregate Annual Limit may be as
low as $2 million. Repayment requests submitted with respect to all Survivor's Option Notes, and not just the notes
offered by this pricing supplement, will count against the Aggregate Annual Limit. Even if no repayment requests are
submitted with respect to any of the notes offered by this pricing supplement, the Aggregate Annual Limit may be
reached as a result of repayment requests submitted with respect to other Survivor's Option Notes. If the Aggregate
Annual Limit is reached in any calendar year prior to the time when your representative submits a request for
repayment of notes beneficially owned by you, your representative will not be able to obtain repayment of those notes
in that calendar year. If prior repayment requests significantly exceed the Aggregate Annual Limit, the excess of those
prior repayment requests may be carried forward for multiple years, so that it may be a long period of time before your
representative would be entitled to any repayment. Representatives who submit prior repayment requests will be
entitled to repayment in full before your representative would be entitled to any repayment.

?
Even if the Aggregate Annual Limit is not reached before your representative submits a repayment request, your
representative will be limited in each calendar year by the $250,000 Individual Annual Limit.

If any notes that are validly tendered for repayment pursuant to this section are not accepted, the paying agent will deliver to any
affected representative a notice that states the reasons the notes have not been accepted for repayment. The notice will be sent
by first-class mail to the broker or other entity through which the deceased beneficial owner's interests in the notes are held.

The death of a person holding a beneficial ownership interest in any notes as a joint tenant with right of survivorship or tenant by
the entirety with another person, or as a tenant in common with the deceased beneficial owner's spouse, will be deemed the
death of a beneficial owner of those notes, and the entire stated principal amount of the notes so held, plus accrued and unpaid
interest to but excluding the date of repayment, will be subject to repayment pursuant to this section. However, the death of a
person holding a beneficial ownership interest in any notes as tenant in common with a person other than such deceased
beneficial owner's spouse will be deemed the death of a beneficial owner only with respect to such deceased beneficial owner's
interest in the notes, and only a pro rata portion of those notes corresponding to such deceased beneficial owner's interest will be
subject to repayment pursuant to this section.

The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial ownership interests in any
notes (including the right to sell, transfer or otherwise dispose of an interest in the notes, the right to receive the proceeds from the
notes and the right to receive principal and interest) will be deemed the death of the beneficial owner of those notes for purposes
of this section, regardless of whether that deceased beneficial owner was the registered holder of those notes, if entitlement to
those interests can be established to the satisfaction of Citigroup Inc. and the paying agent. Such beneficial ownership interest will
be deemed to exist in typical cases of nominee ownership, ownership under the Uniform Transfers to Minors Act or Uniform Gifts
to Minors Act, community property or other joint ownership arrangements between spouses. In addition, a beneficial ownership
interest will be deemed to exist in custodial and trust arrangements where one person has all of the beneficial ownership interests
in the applicable notes during his or her lifetime.

Any notes accepted for repayment pursuant to this section will be repaid on the first June 15 or December 15 that occurs 35 or
more calendar days after the date of such acceptance (such date, a "repayment date"). If that date is not a business day, payment
will be made on the next succeeding business day. Any repayment request may be withdrawn by the representative presenting the
request upon delivery of a written request for withdrawal to the paying agent not less than 30 calendar days before the repayment
date. If the notes cease to be outstanding on or prior to the applicable repayment date, no repayment will be made pursuant to
this section on that repayment date.

Subject to the foregoing, in order for a right to repayment under this section to be validly exercised, the paying agent must
receive:

?
a written request for repayment signed by the representative, and the representative's signature must be guaranteed
by a member firm of a registered national securities exchange or of the Financial Industry Regulatory Authority, Inc. or
a commercial bank or trust company having an office or correspondent in the United States;

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?
appropriate evidence satisfactory to Citigroup Inc. and the paying agent that (i) the representative has authority to act
on behalf of the deceased beneficial owner; (ii) the death of such beneficial owner has occurred; (iii) the deceased was
the beneficial owner of the notes at the time of death; and (iv) the deceased acquired his or her beneficial ownership
interest in the notes at least one year prior to the date of submission of the repayment request;

November 2016
PS-5
Citigroup Inc.
Fixed Rate Notes
2 .8 5 % N ot e s Due 2 0 2 6

?
if the notes are held by a nominee of the deceased beneficial owner, a certificate satisfactory to Citigroup Inc. and the
paying agent from that nominee attesting to the beneficial ownership of the notes; and

?
any additional information Citigroup Inc. or the paying agent reasonably requires to evidence satisfaction of any
conditions to the exercise of the right of repayment under this section or to document beneficial ownership or authority
to make the election and to cause the repayment of the notes.

All questions as to the eligibility or validity of any exercise of the right to repayment under this section will be determined by
Citigroup Inc., in its sole discretion, and those determinations will be final and binding on all parties.

Because the notes will be issued in book-entry form and held of record by a nominee of The Depository Trust Company ("DTC"),
DTC's nominee will be the holder of the notes and therefore will be the only entity that can exercise the right to repayment of the
notes described in this section. To obtain repayment pursuant to this section, the representative of the deceased beneficial owner
must provide to the broker or other entity through which the deceased beneficial owner holds an interest in the notes:

?
the documents required to be submitted to the paying agent as described above; and

?
instructions to the broker or other entity to notify DTC of the representative's desire to obtain repayment pursuant to
this section.

The broker or other entity must provide to the paying agent:

?
the documents received from the representative referred to in the first bullet point of the preceding paragraph; and

?
a certificate satisfactory to the paying agent from the broker or other entity stating that it represents the deceased
beneficial owner.

The applicable broker or other entity will be responsible for disbursing to the appropriate representative any payments it receives
pursuant to this section. We will not provide notice of redemption in the case of any repayment pursuant to this section.

Depending on market conditions, including changes in interest rates and our creditworthiness, it is possible that the value of the
notes in the secondary market at any time may be greater than their stated principal amount plus any accrued and unpaid interest.
Accordingly, prior to exercising the option to request repayment described in this section, the representative of the deceased
beneficial owner should contact the broker or other entity through which the notes are held to determine whether a sale of the
notes in the secondary market may result in greater proceeds than the stated principal amount plus accrued and unpaid interest
pursuant to a request for repayment under this section.

The representative of a deceased beneficial owner may obtain more information from Citibank, N.A., the paying agent for the notes,
by calling 1-800-422-2066 during normal business hours in New York City.

Validity of the Notes

In the opinion of Davis Polk & Wardwell LLP, as special products counsel to Citigroup Inc., when the notes offered by this pricing
supplement have been executed and issued by Citigroup Inc. and authenticated by the trustee pursuant to the indenture, and
delivered against payment therefor, such notes will be valid and binding obligations of Citigroup Inc., enforceable in accordance
with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally, concepts of
reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and
https://www.sec.gov/Archives/edgar/data/831001/000095010316017800/dp70201_424b2-1559.htm[11/9/2016 4:18:29 PM]

the lack of bad faith), provided that such counsel expresses no opinion as to the effect of fraudulent conveyance, fraudulent transfer
or similar provision of applicable law on the conclusions expressed above. This opinion is given as of the date of this pricing
supplement and is limited to the laws of the State of New York, except that such counsel expresses no opinion as to the
application of state securities or Blue Sky laws to the notes.

In giving this opinion, Davis Polk & Wardwell LLP has assumed the legal conclusions expressed in the opinion set forth below of
Barbara Politi, Assistant General CounselCapital Markets of Citigroup Inc. In addition, this opinion is subject to the assumptions
set forth in the letter of Davis Polk & Wardwell LLP dated October 14, 2016, which has been filed as an exhibit to a Current Report
on Form 8-K filed by Citigroup Inc. on October 14, 2016, that the indenture has been duly authorized, executed and delivered by,
and is a valid, binding and enforceable agreement of the trustee and that none of the terms of the notes nor the issuance and
delivery of the notes, nor the compliance by Citigroup Inc. with the terms of the notes, will result in

November 2016
PS-6
Citigroup Inc.
Fixed Rate Notes
2 .8 5 % N ot e s Due 2 0 2 6

a violation of any provision of any instrument or agreement then binding upon Citigroup Inc. or any restriction imposed by any court
or governmental body having jurisdiction over Citigroup Inc.

In the opinion of Barbara Politi, Assistant General CounselCapital Markets of Citigroup Inc., (i) the terms of the notes offered by
this pricing supplement have been duly established under the indenture and the Board of Directors (or a duly authorized committee
thereof) of Citigroup Inc. has duly authorized the issuance and sale of such notes and such authorization has not been modified or
rescinded; (ii) Citigroup Inc. is validly existing and in good standing under the laws of the State of Delaware; (iii) the indenture has
been duly authorized, executed and delivered by Citigroup Inc.; and (iv) the execution and delivery of such indenture and of the
notes offered by this pricing supplement by Citigroup Inc., and the performance by Citigroup Inc. of its obligations thereunder, are
within its corporate powers and do not contravene its certificate of incorporation or bylaws or other constitutive documents. This
opinion is given as of the date of this pricing supplement and is limited to the General Corporation Law of the State of Delaware.

Barbara Politi, or other internal attorneys with whom she has consulted, has examined and is familiar with originals, or copies
certified or otherwise identified to her satisfaction, of such corporate records of Citigroup Inc., certificates or documents as she has
deemed appropriate as a basis for the opinions expressed above. In such examination, she or such persons has assumed the legal
capacity of all natural persons, the genuineness of all signatures (other than those of officers of Citigroup Inc.), the authenticity of all
documents submitted to her or such persons as originals, the conformity to original documents of all documents submitted to her or
such persons as certified or photostatic copies and the authenticity of the originals of such copies.

© 2016 Citigroup Global Markets Inc. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and
are used and registered throughout the world.

November 2016
PS-7
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Document Outline

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