Citigroup Inc.
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Pricing Sheet No. 2014–CMTNG0122 dated May 27, 2014 relating to
Preliminary Pricing Supplement No. 2014–CMTNG0122 dated April 28, 2014
Registration Statement No. 333-192302
Filed Pursuant to Rule 433
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Fixed to Floating Rate Notes due 2029
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PRICING TERMS—MAY 27, 2014
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Issuer:
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Citigroup Inc.
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Aggregate stated principal amount:
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$25,000,000
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Stated principal amount:
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$1,000 per note
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Pricing date:
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May 27, 2014
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Issue date:
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May 30, 2014
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Maturity date:
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May 30, 2029
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Payment at maturity:
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Unless earlier redeemed by us, at maturity you will receive for each note you then hold an amount in cash equal to $1,000 plus any accrued and unpaid interest.
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Interest:
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From and including the issue date to but excluding May 30, 2015:
For each quarterly interest payment period, 10.00% per annum
Unless earlier redeemed by us, from and including May 30, 2015 to but excluding the maturity date (the “floating interest rate period”):
For each quarterly interest payment period, a variable rate per annum equal to the leverage factor times the CMS reference index; subject to the minimum interest rate
The CMS reference index applicable to a quarterly interest payment period during the floating interest rate period will be determined on the related CMS reference determination date.
After May 30, 2015, it is possible that you could receive little or no interest on the notes. In particular, after the first year, if the CMS reference index on any CMS reference determination date is less than or equal to 0.00%, you will not earn any interest during the related quarterly interest payment period.
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Leverage factor:
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5
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Quarterly interest payment period:
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Each three-month period from and including an interest payment date (or the issue date, in the case of the first quarterly interest payment period) to but excluding the next interest payment date
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Interest payment dates:
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The last calendar day of each February and the 30th day of each May, August and November, beginning on August 30, 2014 and ending on the maturity date or the date when the notes are called
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CMS reference determination dates:
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Two (2) U.S. government securities business days prior to the beginning of each quarterly interest payment period during the floating interest rate period
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Minimum interest rate:
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0.00% per annum for any quarterly interest payment period during the floating interest rate period
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CMS reference index:
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The 30-year Constant Maturity Swap Rate (“CMS30”) minus the 5-year Constant Maturity Swap Rate (“CMS5”). See “Description of the Notes—Determination of CMS30 and CMS5” in the related preliminary pricing supplement.
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Redemption:
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We may call the notes, in whole and not in part, for mandatory redemption on any interest payment date beginning on May 30, 2015, upon not less than five business days’ notice. Following an exercise of our call right, you will receive for each note you then hold an amount in cash equal to $1,000 plus any accrued and unpaid interest.
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CUSIP / ISIN:
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1730T0P78 / US1730T0P787
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Listing:
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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.
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Underwriter:
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Citigroup Global Markets Inc. (“CGMI”), an affiliate of the issuer, acting as principal
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Underwriting fee and issue price:
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Issue price(1)
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Underwriting fee(2)
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Proceeds to Issuer(2)
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Per note:
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$1,000.00
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$35.00
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$965.00
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Total:
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$25,000,000.00
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$855,487.50
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$24,144,512.50
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