Citigroup Announces $ 1.5 Billion Repayment of 2.312% Fixed / Floating Rate Bonds Due 2022 and $ 500 Million Repayment of Floating Rate Bonds Due 2022

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NEW YORK–(COMMERCIAL THREAD) – Citigroup Inc. announces the repayment, in full, of an amount of $ 1,500,000,000 of its 2.312% Fixed / Floating Rate Notes due 2022 (the “FXD / FRN Notes”) (ISIN: US17308CC463), and the repayment, in its entirety, constituting $ 500,000,000 in aggregate principal, of its Floating Rate Notes due 2022 (the “FRN Notes” and together with the FXD / FRN Notes, the “Notes”) (ISIN : US17308CC380).

The ticket redemption date is November 4, 2021 (the “Redemption Date”). The cash redemption price payable for the Notes on the redemption date will be par plus accrued and unpaid interest.

The buybacks announced today are in line with Citigroup’s liability management strategy and reflect its continued efforts to improve the efficiency of its funding and capital structure. Citigroup will continue to review repurchase or repurchase opportunities for securities, based on several factors including, but not limited to, economic value, regulatory changes, potential impact on net interest margin and Citigroup’s borrowing costs, the overall remaining term of Citigroup’s debt portfolio, the impact on capital, as well as general market conditions.

As of the redemption date, the Notes will no longer be in circulation and interest will no longer accrue on such securities.

Citibank, NA is the paying agent for the FXD / FRN Notes. For more information on FXD / FRN bonds, please see the relevant prospectus supplement at the following internet address: https://www.citigroup.com/citi/fixed Income / data / docs / 401703319_1.pdf

Citibank, NA is the paying agent on FRN Notes. For more information on FRN Notes, please see the relevant prospectus supplement at the following internet address: https://www.citigroup.com/citi/fixed Income / data / docs / 401703318_1.pdf

Citi

Citi, the world’s largest bank, has approximately 200 million accounts receivable and operates in more than 160 countries and jurisdictions. Citi provides consumers, businesses, governments and institutions with a wide range of financial products and services, including consumer banking and credit, business and investment banking, securities brokerage, wealth management and transaction services.

Additional information can be found at www.citigroup.com | Twitter: @Citi | Youtube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi


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