Obligation Citigroup 1.595% ( US1730T0P456 ) en USD

Citigroup

100 % ▼

Etas-Unis

US1730T0P456 ( en USD )

1.595% par an ( paiement semestriel )

25/04/2024 - Obligation échue

Prospectus brochure de l'obligation Citigroup US1730T0P456 en USD 1.595%, échue

1 000 USD

2 000 000 USD

1730T0P45

BBB+ ( Qualité moyenne inférieure )

A3 ( Qualité moyenne supérieure )

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 émise par Citigroup ( Etas-Unis ) , en USD, avec le code ISIN US1730T0P456, paye un coupon de 1.595% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 25/04/2024

L'Obligation émise par Citigroup ( Etas-Unis ) , en USD, avec le code ISIN US1730T0P456, a été notée A3 ( Qualité moyenne supérieure ) par l'agence de notation Moody's.

L'Obligation émise par Citigroup ( Etas-Unis ) , en USD, avec le code ISIN US1730T0P456, a été notée BBB+ ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

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424B2 1 dp45850_424b2-0840.htm PRICING SUPPLEMENT
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 G

$2,000,000

$257.60

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

(2) Pursuant to Rule 457(p) under the Securities Act, the $2,478,406.53 remaining of registration fees previously paid with respect to
unsold securities registered on Registration Statement File No. 333-172554, filed on March 2, 2011 by Citigroup Funding Inc., a wholly
owned subsidiary of Citigroup Inc., is being carried forward, of which $257.60 is offset against the registration fee due for this offering
and of which $2,478,148.93 remains available for future registration fee offset. No additional registration fee has been paid with
respect to this offering.

April 22, 2014
Medium-Term Senior Notes, Series
G
Pricing Supplement No.
2014-CMTNG0118
Filed Pursuant to Rule 424(b)(2)
Registration Statement No.
333-192302
h
Non-Cal able Floating Rate Notes due April 25, 2024
From and including the original issue date to but excluding the maturity date, the notes wil bear interest during each
quarterly interest period at a per annum rate equal to the floating interest rate commonly referred to as "3-month U.S.
dol ar LIBOR" determined on the second London business day prior to the first day of the applicable interest period plus a
spread of 1.35%, subject to a minimum interest rate of 0.00% per annum and the maximum interest rate per annum
applicable to each such interest period, as described below.
The notes are unsecured senior debt obligations of Citigroup Inc. All payments due on the notes are subject to the
credit risk of Citigroup Inc.
It is important for you to consider the information contained in this pricing supplement together with the information
contained in the accompanying prospectus supplement and prospectus. The description of the notes below supplements,
and to the extent inconsistent with replaces, the description of the general terms of the notes set forth in the
accompanying prospectus supplement and prospectus.
KEY TERMS
Issuer:
Citigroup Inc.
Issue price:
$1,000 per note
Stated principal
$1,000 per note
amount:
Aggregate stated
$2,000,000
principal amount:
Pricing date:
April 22, 2014
Original issue date:
April 25, 2014
Maturity date:
April 25, 2024. If the maturity date is not a business day, then the payment required to be made on
the maturity date wil be made on the next succeeding business day with the same force and effect
as if it had been made on the maturity date. No additional interest wil accrue as a result of delayed
payment.
Principal due at
Ful principal amount due at maturity
maturity:
Payment at maturity: $1,000 per note plus any accrued and unpaid interest
Interest rate per
For each interest period, a floating rate equal to 3-month U.S. dollar LIBOR determined on the
annum:
second London business day prior to the first day of that interest period plus a spread of 1.35%,
subject to a minimum interest rate of 0.00% per annum and the maximum interest rate per annum
applicable to each such interest period, as specified below
Maximum interest
· From and including the original issue date to but excluding April 25, 2016: 4.00%
rate per annum:
· From and including April 25, 2016 to but excluding April 25, 2018: 4.50%
· From and including April 25, 2018 to but excluding April 25, 2020: 5.00%
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· From and including April 25, 2020 to but excluding April 25, 2022: 6.00%
· From and including April 25, 2022 to but excluding the maturity date: 6.50%
Interest period:
The three-month period from the original issue date to but excluding the immediately fol owing
interest payment date, and each successive three-month period from and including an interest
payment date to but excluding the next interest payment date
Interest payment
Quarterly on the 25th day of each January, April, July and October of each year, commencing July
dates:
25, 2014 and ending on the maturity date, provided that if any such day is not a business day, the
applicable interest payment wil be made on the next succeeding business day. No additional
interest wil accrue on that succeeding business day. Interest wil be payable to the persons in
whose names the notes are registered at the close of business on the business day preceding each
interest payment date, which we refer to as a regular record date, except that the interest payment
due at maturity wil be paid to the persons who hold the notes on the maturity date.
Day count
30/360 Unadjusted
convention:
Business day:
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
Business day
Fol owing
convention:
CUSIP:
1730T0P45
ISIN:
US1730T0P456
Listing:
The notes wil 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 wil ing to hold them to maturity.
Underwriter:
Citigroup Global Markets Inc. ("CGMI"), an affiliate of the issuer. See "General Information
--Supplemental information regarding plan of distribution; conflicts of interest" in this pricing
supplement.
Underwriting fee and
Issue price
Underwriting fee(1)
Proceeds to issuer
issue price:
Per note:
$1,000.00
$22.50
$977.50
Total:
$2,000,000.00
$45,000.00
$1,955,000.00
(1) CGMI, an affiliate of Citigroup Inc. and the underwriter of the sale of the notes, is acting as principal and wil receive an
underwriting fee of $22.50 for each note sold in this offering. Selected dealers not affiliated with CGMI wil receive a sel ing
concession of $22.50 for each note they sell. Additionally, it is possible that CGMI and its affiliates may profit from
expected hedging activity related to this offering, even if the value of the notes declines. You should refer to "Risk Factors,"
"General Information--Fees and sel ing concessions" and "General Information--Supplemental information regarding plan
of distribution; conflicts of interest" in this pricing supplement for more information.
Investing in the notes involves risks not associated with an investment in conventional fixed
rate debt securities. See "Risk Factors" beginning on page PS-2.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of the notes or determined that this pricing supplement and the accompanying prospectus
supplement and prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
You should read this pricing supplement together with the accompanying prospectus supplement and prospectus,
each of which can be accessed via the hyperlink below.
Prospectus Supplement and Prospectus each dated November 13, 2013
The notes are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.

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Non-Cal able Floating Rate Notes due April 25, 2024

Risk Factors

The following is a non-exhaustive list of certain key risk factors for investors 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 in connection with your investment in the notes.

§
The amount of interest payable on the notes will vary. The notes differ from conventional fixed-rate debt securities
in that the interest payable on the notes wil vary based on the level of 3-month U.S. dol ar LIBOR. The notes wil bear
interest during each quarterly interest period at a per annum rate equal to the level of 3-month U.S. dol ar LIBOR
determined on the second London business day prior to the first day of the applicable interest period plus a spread of
1.35%, subject to a minimum interest rate of 0.00% per annum and the maximum interest rate per annum applicable to
each such interest period. The per annum interest rate that is determined on the relevant interest determination date
wil apply to the entire interest period fol owing that interest determination date, even if 3-month U.S. dollar LIBOR
increases during that interest period, but is applicable only to that quarterly interest period; interest payments for any
other quarterly interest period wil vary.

§
The interest rate applicable to the notes will be subject to a maximum per annum rate. The interest rate
applicable to the notes cannot exceed the maximum interest rate of 4.00% per annum for the first two years of the
term of the notes, 4.50% per annum for the third and fourth years of the term of the notes, 5.00% per annum for the
fifth and sixth years of the term of the notes, 6.00% per annum for the seventh and eighth years of the term of the
notes or 6.50% per annum for the last two years of the term of the notes. As a result, if the level of 3-month U.S. dol ar
LIBOR applicable to any interest period is greater than 2.65% during the first two years of the term of the notes,
3.15% during the third and fourth years of the term of the notes, 3.65% during the fifth and sixth years of the term of
the notes, 4.65% during the seventh and eighth years of the term of the notes or 5.15% during the last two years of the
term of the notes (in each case, taking into account that a spread of 1.35% wil be added to the level of 3-month U.S.
dol ar LIBOR on the applicable interest determination date), the notes may provide you less interest income than an
investment in a similar instrument that is not subject to a maximum per annum rate.

§
The yield on the notes may be lower than the yield on a standard debt security of comparable maturity. The
notes wil bear interest during each quarterly interest period at a per annum rate equal to the level of 3-month U.S.
dol ar LIBOR determined on the second London business day prior to the first day of the applicable interest period plus
a spread of 1.35%, subject to a minimum interest rate of 0.00% per annum and the maximum interest rate per annum
applicable to each such interest period. As a result, the effective yield on your notes may be less than that which would
be payable on a conventional fixed-rate, non-cal able debt security of Citigroup Inc. of comparable maturity.

§
An investment in the notes may be more risky than an investment in notes with a shorter term. The notes have
a term of ten years. By purchasing notes with a longer term, you wil bear greater exposure to fluctuations in market
interest rates than if you purchased a note with a shorter term. In particular, if the level of 3-month U.S. dol ar LIBOR
does not increase from its current level, you may be holding a long-dated security that pays an interest rate that is less
than that which would be payable on a conventional fixed-rate, non-callable debt security of Citigroup Inc. of
comparable maturity. In addition, if you tried to sel your notes at such time, the value of your notes in any secondary
market transaction would also be adversely affected.

§
The notes are subject to the credit risk of Citigroup Inc., and any actual or anticipated changes to its credit
ratings or credit spreads may adversely affect the value of the notes. You are subject to the credit risk of
Citigroup Inc. If Citigroup Inc. defaults on its obligations under the notes, your investment would be at risk and you
could lose some or al of your investment. As a result, the value of the notes wil be affected by changes in the market's
view of Citigroup Inc.'s creditworthiness. Any decline, or anticipated decline, in Citigroup Inc.'s credit ratings or
increase, or anticipated increase, in the credit spreads charged by the market for taking Citigroup Inc. credit risk is
likely to adversely affect the value of the notes.
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§
The notes will not be listed on any securities exchange and you may not be able to sell the notes prior to
maturity. The notes wil 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 wil be
determined in CGMI's sole discretion, taking into account prevailing market conditions and other relevant factors, and
wil 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 al for the notes because it is likely that CGMI
wil be the only broker-dealer that is wil ing to buy your notes prior to maturity. Accordingly, an investor must be
prepared to hold the notes until maturity.

April 2014
PS-2

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Non-Cal able Floating Rate Notes due April 25, 2024

§
Immediately following issuance, any secondary market bid price provided by CGMI, and the value that will be
indicated on any brokerage account statements prepared by CGMI or its affiliates, will reflect a temporary
upward adjustment. The amount of this temporary upward adjustment wil steadily decline to zero over the temporary
adjustment period. See "General Information--Temporary adjustment period" in this pricing supplement.

§
Secondary market sales of the notes may result in a loss of principal. You wil be entitled to receive at least the
ful 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 sel your notes in the secondary market prior to maturity, you are likely to receive less than
the stated principal amount of the notes.

§
The inclusion of underwriting fees and projected profit from hedging in the issue price is likely to adversely
affect secondary market prices. Assuming no changes in market conditions or other relevant factors, the price, if
any, at which CGMI may be wil ing to purchase the notes in secondary market transactions wil 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 wel 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.

§
The price at which you may be able to sell your notes prior to maturity will depend on a number of factors and
may be substantially less than the amount you originally invest. A number of factors wil influence the value of the
notes in any secondary market that may develop and the price at which CGMI may be wil ing to purchase the notes in
any such secondary market, including: the level and volatility of 3-month U.S. dol ar LIBOR, 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 and any actual or anticipated changes in the credit ratings, financial condition and results of Citigroup Inc. The
value of the notes wil 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.

§
The calculation agent, which is an affiliate of the issuer, will make determinations with respect to the notes.
Citibank, N.A., the calculation agent for the notes, is an affiliate of ours. As calculation agent, Citibank, N.A. wil
determine, among other things, the level of 3-month U.S. dol ar LIBOR and wil calculate the interest payable to you on
each interest payment date. Any of these determinations or calculations made by Citibank, N.A. in its capacity as
calculation agent, including with respect to the calculation of the level of 3-month U.S. dol ar LIBOR in the event of the
unavailability of the level of 3-month U.S. dol ar LIBOR, may adversely affect the amount of one or more interest
payments to you.

§
Hedging and trading activity by Citigroup Inc. could result in a conflict of interest. One or more of our affiliates
have entered into hedging transactions. This hedging activity likely involves trading in instruments, such as options,
swaps or futures, based upon 3-month U.S. dollar LIBOR. This hedging activity may present a conflict between your
interest in the notes and the interests our affiliates have in executing, maintaining and adjusting their hedge transactions
because it could affect the price at which our affiliate CGMI may be wil ing to purchase your notes in the secondary
market. Because hedging our obligations under the notes involves risk and may be influenced by a number of factors, it
is possible that our affiliates may profit from the hedging activity, even if the value of the notes declines.

§
The historical performance of 3-month U.S. dollar LIBOR is not an indication of its future performance. The
historical performance of 3-month U.S. dol ar LIBOR, which is included in this pricing supplement, should not be taken
as an indication of the future performance of 3-month U.S. dollar LIBOR during the term of the notes. Changes in the
level of 3-month U.S. dol ar LIBOR wil affect the value of the notes, but it is impossible to predict whether the level of
3-month U.S. dollar LIBOR will rise or fall.

§
The 3-month U.S. dollar LIBOR and the manner in which it is calculated may change in the future. The method
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by which the 3-month U.S. dol ar LIBOR is calculated may change in the future, as a result of governmental actions,
actions by the publisher of the 3-month U.S. dol ar LIBOR or otherwise. We cannot predict whether the method by
which the 3-month U.S. dol ar LIBOR is calculated wil change or what the impact of any such change might be. Any
such change could affect the level of the 3-month U.S. dollar LIBOR in a way that has a significant adverse effect on
the notes.

§
You will have no rights against the publishers of 3-month U.S. dollar LIBOR. You wil have no rights against the
publishers of 3-month U.S. dollar LIBOR even though the amount you receive on each interest payment date wil
depend upon the level of 3-month U.S. dol ar LIBOR. The publishers of 3-month U.S. dol ar LIBOR are not in any way
involved in this offering and have no obligations relating to the notes or the holders of the notes.

April 2014
PS-3

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Non-Cal able Floating Rate Notes due April 25, 2024

General Information
Temporary
For a period of approximately six months fol owing issuance of the notes, the price, if any, at
adjustment period:
which CGMI would be wil ing to buy the notes from investors, and the value that wil be indicated
for the notes on any brokerage account statements prepared by CGMI or its affiliates (which
value CGMI may also publish through one or more financial information vendors), wil reflect a
temporary upward adjustment from the price or value that would otherwise be determined. This
temporary upward adjustment 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 wil decline to zero on a straight-line basis over the six-month temporary adjustment
period.
U.S. federal income
In the opinion of our counsel, Davis Polk & Wardwel LLP, which is based on current market
tax considerations:
conditions, the notes should be treated as "variable rate debt instruments" for U.S. federal income
tax purposes. Under this treatment, if you are a U.S. Holder (as defined in the accompanying
prospectus supplement), stated interest on the notes wil be taxable to you as ordinary interest
income at the time it accrues or is received in accordance with your method of tax accounting.
Upon the sale or other taxable disposition of a note, you general y wil recognize capital gain or
loss equal to the difference between the amount realized on the disposition (other than any
amount attributable to accrued interest, which wil be treated as a payment of interest) and your
adjusted tax basis in the note. Your adjusted tax basis in a note wil generally equal the amount
you paid to acquire the note. Such gain or loss generally wil be long-term capital gain or loss if
you held the note for more than one year at the time of disposition.

If you are a Non-U.S. Holder (as defined in the accompanying prospectus supplement), you
general y wil not be subject to U.S. federal withholding or income tax in respect of payments on or
with respect to the notes if you comply with the applicable certification requirements. Special rules
apply if (i) your income on the notes is effectively connected with the conduct of a U.S. trade or
business or (i ) you are an individual present in the United States for 183 days or more in a taxable
year.

You should read the section entitled "United States Federal Tax Considerations" in the
accompanying prospectus supplement. The preceding discussion, when read in
combination with that section, constitutes the full opinion of Davis Polk & Wardwell LLP
regarding the material U.S. federal tax consequences of owning and disposing of the
notes.

You should also consult your tax adviser regarding all aspects of the U.S. federal income
and estate tax consequences of an investment in the notes and any tax consequences
arising under the laws of any state, local or foreign taxing jurisdiction.
Trustee:
The Bank of New York Mel on (as trustee under an indenture dated November 13, 2013, as
amended) wil serve as trustee for the notes.
Use of proceeds and The net proceeds received from the sale of the notes wil be used for general corporate purposes
hedging:
and, in part, in connection with hedging our obligations under the notes through one or more of our
affiliates.

Hedging activities related to the notes by one or more of our affiliates likely involve trading in one
or more instruments, such as options, swaps and/or futures, based on 3-month U.S. dol ar LIBOR
and/or taking positions in any other available securities or instruments that we may wish to use in
connection with such hedging. It is possible that our affiliates may profit from this hedging activity,
even if the value of the notes declines. Profit or loss from this hedging activity could affect the
price at which Citigroup Inc.'s affiliate, CGMI, may be wil ing to purchase your notes in the
secondary market. For further information on our use of proceeds and hedging, see "Use of
Proceeds and Hedging" in the accompanying prospectus.
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ERISA and IRA
Please refer to "Benefit Plan Investor Considerations" in the accompanying prospectus
purchase
supplement for important information for investors that are ERISA or other benefit plans or whose
considerations:
underlying assets include assets of such plans.
Fees and selling
CGMI, an affiliate of Citigroup Inc. and the underwriter of the sale of the notes, is acting as
concessions:

April 2014
PS-4

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Non-Cal able Floating Rate Notes due April 25, 2024

principal and wil receive an underwriting fee of $22.50 for each note sold in this offering. CGMI
wil pay selected dealers not affiliated with CGMI a selling concession of $22.50 for each
$1,000.00 note they sell.

Additionally, it is possible that CGMI and its affiliates may profit from expected hedging activity
related to this offering, even if the value of the notes declines. You should refer to "Risk Factors"
above and the section "Use of Proceeds and Hedging" in the accompanying prospectus.
Supplemental
The terms and conditions set forth in the Global Sel ing Agency Agreement dated November 13,
information regarding 2013 among Citigroup Inc. and the agents named therein, including CGMI, govern the sale and
plan of distribution;
purchase of the notes.
conflicts of interest:

CGMI, acting as principal, has agreed to purchase from Citigroup Inc., and Citigroup Inc. has
agreed to sel to CGMI, $2,000,000 aggregate stated principal amount of the notes (2,000 notes)
for $977.50 per note. CGMI proposes to offer the notes to selected dealers at $1,000.00 per
note less a selling concession as described under "--Fees and selling concessions" above.

The notes wil not be listed on any securities exchange.

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
sections "Risk Factors--Hedging and trading activity by Citigroup Inc. could result in a conflict of
interest," and "General Information--Use of proceeds and hedging" in this pricing supplement and
the section "Use of Proceeds and Hedging" in the accompanying prospectus.

CGMI is an affiliate of Citigroup Inc. Accordingly, the offering of the notes wil conform with the
requirements addressing conflicts of interest when distributing the securities of an affiliate set
forth in Rule 5121 of the Conduct Rules of the Financial Industry Regulatory Authority, Inc. Client
accounts over which Citigroup Inc., its subsidiaries or affiliates of its subsidiaries have investment
discretion are not permitted to purchase the notes, either directly or indirectly, without the prior
written consent of the client. See "Plan of Distribution; Conflicts of Interest" in the accompanying
prospectus supplement for more information.
Calculation agent:
Citibank, N.A., an affiliate of Citigroup Inc., wil serve as calculation agent for the notes. Al
determinations made by the calculation agent wil be at the sole discretion of the calculation agent
and wil , in the absence of manifest error, be conclusive for all purposes and binding on Citigroup
Inc. and the holders of the notes. Citibank, N.A. is obligated to carry out its duties and functions
as calculation agent in good faith and using its reasonable judgment.
Paying agent:
Citibank, N.A. wil serve as paying agent and registrar and wil also hold the global security
representing the notes as custodian for The Depository Trust Company ("DTC").
Contact:
Clients may contact their local brokerage representative. Third party distributors may contact Citi
Structured Investment Sales at (212) 723-7005.

We encourage you to also read the accompanying prospectus supplement and prospectus, which can be accessed via
the hyperlink on the cover page of this pricing supplement.

Determination of Interest Payments

On each interest payment date, the amount of each interest payment wil equal (i) the stated principal amount of the notes
multiplied by the interest rate in effect during the applicable interest period divided by (ii) 4.

Determination of 3-month U.S. Dollar LIBOR

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3-month U.S. dollar LIBOR is a daily reference rate fixed in U.S. dol ars based on the interest rates at which banks borrow
funds from each other for a term of three months, in marketable size, in the London interbank market. For any relevant
date, 3-month U.S. dollar LIBOR wil equal the rate for 3-month U.S. dol ar LIBOR appearing on Reuters page "LIBOR01"
(or any successor page as determined by the calculation agent) as of 11:00 am (London time) on that date.

If a rate for 3-month U.S. dol ar LIBOR is not published on Reuters page "LIBOR01" (or any successor page as determined
by the calculation agent) on any day on which the rate for 3-month U.S. dollar LIBOR is required, then the calculation agent
wil request the principal London office of each of five major reference banks in the London interbank market, selected by
the calculation agent, to provide such bank's offered quotation to prime banks in the London interbank market for deposits
in U.S.

April 2014
PS-5

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