Document:

<PAGE>

                                                                    Exhibit 4.02

                  This Note is a Global Security within the meaning of the
Indenture hereinafter referred to and is registered in the name of the
Depository named below or a nominee of the Depository. This Note is not
exchangeable for Notes registered in the name of a Person other than the
Depository or its nominee except in the limited circumstances described herein
and in the Indenture, and no transfer of this Note (other than a transfer of
this Note as a whole by the Depository to a nominee of the Depository or by a
nominee of the Depository to the Depository or another nominee of the
Depository) may be registered except in the limited circumstances described
herein.

                  Unless this certificate is presented by an authorized
representative of The Euroclear System or Clearstream Banking, societe anonyme
(each a "Depository"), to the Company or its agent for registration of transfer,
exchange, or payment, and any certificate issued is registered in the name of
Citivic Nominees Limited or in such other name as is requested by an authorized
representative of the Depository (and any payment is made to Citivic Nominees
Limited or to such other entity as is requested by an authorized representative
of the Depository), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Citivic Nominees Limited, has an interest herein.

                                 CITIGROUP INC.

REGISTERED                                                            REGISTERED

                                                              CUSIP: 172967 CD 1
                                                              ISIN: XS0179681068
                                                          Common Code: 017968106

No. R-0001-INT                                             up to Y50,000,000,000

                  CITIGROUP INC., a Delaware corporation (the "Company", which
term includes any successor Person under the Indenture), for value received,
hereby promises to pay to Citivic Nominees Limited, or registered assigns, the
principal sum of up to Y50,000,000,000 (or such other principal sum as has
been most lately endorsed on the Schedule of Exchanges of Interests hereto) on
October 30, 2008 and to pay interest thereon from and including October 30, 2003
or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, semi-annually on April 30 and October 30 of each year,
commencing April 30, 2004, at the rate of 0.800% per annum, until the principal
hereof is paid or made available for payment. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as
provided in the Indenture, be paid to the Person in whose name this Note is
registered at the close of business on the Record Date for such interest, which
shall be the April 15 or October 15, respectively (whether or not a Business
Day) next preceding such Interest Payment Date.

<PAGE>

                  Any such interest not so punctually paid or duly provided for
will forthwith cease to be payable to the holder on such Record Date and may
either be paid to the Person in whose name this Note is registered at the close
of business on a subsequent Record Date, such subsequent Record Date to be not
less than five days prior to the date of payment of such defaulted interest,
notice whereof shall be given to holders of Notes of this series not less than
15 days prior to such subsequent Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities
exchange on which the Notes of this series may be listed, and upon such notice
as may be required by such exchange, all as more fully provided in the
Indenture.

                  Interest hereon for any period shorter than a full annual
interest period will be calculated on the basis of the actual number of days
elapsed and a year of 365 days. All Yen amounts resulting from this calculation
will be rounded to the nearest Yen, with five-tenths or more of Y1 to be
rounded upwards to the nearest Y1 per Note.

                  If either a date for payment of principal or interest on the
Notes or the Maturity of the Notes falls on a day that is not a Business Day,
the related payment of principal or interest will be made on the next succeeding
Business Day as if made on the date the payment was due. No interest will accrue
on any amounts payable for the period from and after the date for payment of
principal or interest on the Notes or the Maturity of the Notes. For these
purposes, "Business Day" means any day which is a day on which commercial banks
and foreign exchange markets settle payments and are open for general business
(including dealings in foreign exchange and foreign currency deposits) in (a)
the relevant place of payment and (b) each of The City of New York, Tokyo and
London.

                  Payment of the principal of and interest on this Note will be
made at the office or agency of the Company maintained for that purpose in
London or The City of New York in Japanese Yen.

                  Reference is hereby made to the further provisions of this
Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place.

                  Unless the certificate of authentication hereon has been
executed by the Trustee or by the authenticating agent on behalf of the Trustee
by manual signature, this Note shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose.

<PAGE>

                  IN WITNESS WHEREOF, the Company has caused this instrument to
be duly executed under its corporate seal.

Dated: October 30, 2003

                                    CITIGROUP INC.

                                    By: _________________________________
                                    Title:

ATTEST:

By: _________________________
Assistant Secretary

<PAGE>

                  This is one of the Notes of the series issued under the
within-mentioned Indenture.

Dated: October 30, 2003
                                    THE BANK OF NEW YORK,
                                    as Trustee

                                    By: _________________________________
                                        Name:
                                        Title:

                                    -or-

                                    CITIBANK, N.A., LONDON OFFICE,
                                        as Authenticating Agent

                                    By: _________________________________
                                        Name:
                                        Title:

<PAGE>

                  This Note is one of a duly authorized issue of Securities of
the Company (the "Notes"), issued and to be issued in one or more series under
the Indenture, dated as of March 15, 1987 (as amended and supplemented to date,
the "Indenture"), between the Company and The Bank of New York, as Trustee (the
"Trustee", which term includes any successor trustee under the Indenture), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the holders of the Notes
and of the terms upon which the Notes are, and are to be, authenticated and
delivered. This Note is one of the series designated on the face hereof,
initially issued in the aggregate principal amount of Y50,000,000,000.

                  So long as the Notes of this series are in the form of Global
Securities only, all Notes of this series will collectively be evidenced (a) by
the Global Security for this series registered in the name of Cede & Co. (the
"DTC Global Note") and (b) by this Global Note (the "International Global
Note"). The DTC Global Note and the International Global Note will at all times
collectively represent the aggregate principal amount of this series outstanding
from time to time. If at any time a portion of the International Global Note is
exchanged for an interest in the DTC Global Note, the principal amount of the
DTC Global Note shall be increased by the amount of such portion, and the DTC
Global Note shall be endorsed on the Schedule of Exchanges of Interests thereto
to reflect such principal increase, subject to the limitation that in no event
may the principal amount of the DTC Global Note be greater than the equivalent
in U.S. dollars of $500,000,000. If at any time a portion of the DTC Global Note
is exchanged for an interest in the International Global Note, the principal
amount of the DTC Global Note shall be decreased by the amount of such portion,
and the DTC Global Note shall be endorsed on the Schedule of Exchanges of
Interests thereto to reflect such principal decrease. To ascertain the U.S.
dollar equivalent of the principal amount endorsed on the Schedule of Exchanges
of Interests attached to the DTC Global Note, inquiry shall be made of the
exchange agent under the Fiscal Agency Agreement, and the U.S. dollar equivalent
quoted by such exchange agent (and the date of such quote) shall be noted on
such Schedule of Exchanges of Interests next to the corresponding Yen amount.

                  If an event of default (as defined in the Indenture) with
respect to Notes of this series shall occur and be continuing, the principal of
the Notes of this series may be declared due and payable in the manner and with
the effect provided in the Indenture.

                  The Indenture contains provisions for defeasance at any time
of the entire indebtedness of this Note upon compliance by the Company with
certain conditions set forth in Sections 11.03 and 11.04 thereof, which
provisions apply to this Note.

                  The Indenture contains provisions permitting the Company and
the Trustee, without the consent of the holders of Securities, to establish,
among other things, the form and terms of any series of Securities issuable
thereunder by one or more supplemental indentures, and, with the consent of the
holders of not less than 66 2/3% in aggregate principal amount of Securities at
the time Outstanding which are affected thereby, to modify the Indenture or any

<PAGE>

supplemental indenture or the rights of the holders of Securities of such series
to be affected, provided that no such modification will (x) extend the fixed
maturity of any Securities, reduce the rate or extend the time of payment of
interest thereon, reduce the principal amount thereof or the premium, if any,
thereon, reduce the amount of the principal of Original Issue Discount
Securities payable on any date, change the currency in which Securities are
payable, or impair the right to institute suit for the enforcement of any such
payment on or after the maturity thereof, without the consent of the holder of
each Security so affected, or (y) reduce the aforesaid percentage of Securities
of any series the consent of the holders of which is required for any such
modification without the consent of the holders of all Securities of such series
then Outstanding, or (z) modify, without the written consent of the Trustee, the
rights, duties or immunities of the Trustee.

                  No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and interest on
this Note at the times, place and rate, and in the coin or currency, herein
prescribed.

                  This Note is a Global Security registered in the name of a
nominee of the Depository. This Note is exchangeable for Notes registered in the
name of a person other than the Depository or its nominee only in the limited
circumstances hereinafter described. Unless and until it is exchanged in whole
or in part for definitive Notes in certificated form, this Note may not be
transferred except as a whole by the Depository to a nominee of the Depository
or by a nominee of the Depository to the Depository or another nominee of the
Depository.

                  The Notes represented by this Global Security are exchangeable
for definitive Notes in certificated form of like tenor as such Notes in
denominations of Y100,000 and integral multiples thereof only if (i) both the
Euroclear System and Clearstream Banking, societe anonyme, notify the Company
that they are unwilling or unable to continue as a clearing system for the
International Global Note or (ii) the Company in its sole discretion decides to
allow the Notes to be exchanged for definitive Notes in registered form. Any
Notes that are exchangeable pursuant to the preceding sentence are exchangeable
for certificated Notes issuable in authorized denominations and registered in
such names as the Depository shall direct. As provided in the Indenture and
subject to certain limitations therein set forth, the transfer of definitive
Notes in certificated form is registrable in the register maintained by the
Company for such purpose, upon surrender of the definitive Note for registration
of transfer at the office or agency of the Company in any place where the
principal of and interest on the definitive Note are payable, duly endorsed by,
or accompanied by a written instrument of transfer in form satisfactory to the
Company and the registrar duly executed by, the holder thereof or his attorney
duly authorized in writing, and thereupon one or more new Notes of this series
and of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees.
Subject to the foregoing, this Note is not exchangeable, except for a Global
Security or Global Securities of this issue of the same principal amount to be
registered in the name of the Depository or its nominee.

<PAGE>

                  No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

                  Prior to due presentment of this Note for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Note is registered as the owner hereof
for all purposes, whether or not this Note be overdue, and neither the Company,
the Trustee nor any such agent shall be affected by notice to the contrary.

         The Company will pay additional amounts ("Additional Amounts") to the
beneficial owner of any Note that is a non-United States person in order to
ensure that every net payment on such Note will not be less, due to payment of
U.S. withholding tax, than the amount then due and payable. For this purpose, a
"net payment" on a Note means a payment by the Company or a paying agent,
including payment of principal and interest, after deduction for any present or
future tax, assessment or other governmental charge of the United States. These
Additional Amounts will constitute additional interest on the Note.

         The Company will not be required to pay Additional Amounts, however, in
any of the circumstances described in items (1) through (13) below.

         (1)      Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is imposed or withheld solely by
                  reason of the beneficial owner:

                  (a)      having a relationship with the United States as a
                           citizen, resident or otherwise;

                  (b)      having had such a relationship in the past or

                  (c)      being considered as having had such a relationship.

         (2)      Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is imposed or withheld solely by
                  reason of the beneficial owner:

                  (a)      being treated as present in or engaged in a trade or
                           business in the United States;

                  (b)      being treated as having been present in or engaged in
                           a trade or business in the United States in the past
                           or

                  (c)      having or having had a permanent establishment in the
                           United States.

         (3)      Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is imposed or withheld solely by
                  reason of the beneficial owner being or having been any of the
                  following (as these terms are defined in the Internal Revenue
                  Code of 1986, as amended):

                  (a)      personal holding company;

                  (b)      foreign personal holding company;

                  (c)      foreign private foundation or other foreign
                           tax-exempt organization;

<PAGE>

                  (d)      passive foreign investment company;

                  (e)      controlled foreign corporation or

                  (f)      corporation which has accumulated earnings to avoid
                           United States federal income tax.

         (4)      Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is imposed or withheld solely by
                  reason of the beneficial owner owning or having owned,
                  actually or constructively, 10 percent or more of the total
                  combined voting power of all classes of stock of the Company
                  entitled to vote or by reason of the beneficial owner being a
                  bank that has invested in a Note as an extension of credit in
                  the ordinary course of its trade or business.

For purposes of item (1) through (4) above, "beneficial owner" means a
fiduciary, settlor, beneficiary, member or shareholder of the holder if the
holder is an estate, trust, partnership, limited liability company, corporation
or other entity, or a person holding a power over an estate or trust
administered by a fiduciary holder.

         (5)      Additional Amounts will not be payable to any beneficial owner
                  of a Note that is a:

                  (a)      fiduciary;

                  (b)      partnership;

                  (c)      limited liability company or

                  (d)      other fiscally transparent entity

                  or that is not the sole beneficial owner of the Note, or any
                  portion of the Note. However, this exception to the obligation
                  to pay Additional Amounts will only apply to the extent that a
                  beneficiary or settlor in relation to the fiduciary, or a
                  beneficial owner or member of the partnership, limited
                  liability company or other fiscally transparent entity, would
                  not have been entitled to the payment of an Additional Amount
                  had the beneficiary, settlor, beneficial owner or member
                  received directly its beneficial or distributive share of the
                  payment.

         (6)      Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is imposed or withheld solely by
                  reason of the failure of the beneficial owner or any other
                  person to comply with applicable certification,
                  identification, documentation or other information reporting
                  requirements. This exception to the obligation to pay
                  Additional Amounts will only apply if compliance with such
                  reporting requirements is required by statute or regulation of
                  the United States or by an applicable income tax treaty to
                  which the United States is a party as a precondition to
                  exemption from such tax, assessment or other governmental
                  charge.

         (7)      Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is collected or imposed by any method
                  other than by withholding from a payment on a Note by the
                  Company or a paying agent.

<PAGE>

         (8)      Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is imposed or withheld by reason of a
                  change in law, regulation, or administrative or judicial
                  interpretation that becomes effective more than 15 days after
                  the payment becomes due or is duly provided for, whichever
                  occurs later.

         (9)      Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is imposed or withheld by reason of
                  the presentation by the beneficial owner of a Note for payment
                  more than 30 days after the date on which such payment becomes
                  due or is duly provided for, whichever occurs later.

         (10)     Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any:

                  (a)      estate tax;

                  (b)      inheritance tax;

                  (c)      gift tax;

                  (d)      sales tax;

                  (e)      excise tax;

                  (f)      transfer tax;

                  (g)      wealth tax;

                  (h)      personal property tax or

                  (i)      any similar tax, assessment or other governmental
                           charge.

         (11)     Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment, or other
                  governmental charge required to be withheld by any paying
                  agent from a payment of principal or interest on a Note if
                  such payment can be made without such withholding by any other
                  paying agent.

         (12)     Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any tax, assessment or other
                  governmental charge that is required to be made pursuant to
                  any European Union directive on the taxation of savings income
                  or any law implementing or complying with, or introduced to
                  conform to, any such directive.

         (13)     Additional Amounts will not be payable if a payment on a Note
                  is reduced as a result of any combination of items (1) through
                  (12) above.

         Except as specifically provided herein, the Company will not be
required to make any payment of any tax, assessment or other governmental charge
imposed by any government or a political subdivision or taxing authority of such
government.

         As used in this Note, "United States person" means:

         (a)      any individual who is a citizen or resident of the United
                  States;

<PAGE>

         (b)      any corporation, partnership or other entity created or
                  organized in or under the laws of the United States;

         (c)      any estate if the income of such estate falls within the
                  federal income tax jurisdiction of the United States
                  regardless of the source of such income and

         (d)      any trust if a United States court is able to exercise primary
                  supervision over its administration and one or more United
                  States persons have the authority to control all of the
                  substantial decisions of the trust.

         Additionally, "non-United States person" means a person who is not a
United States person, and "United States" means the states of the United States
of America and the District of Columbia, but excluding its territories and
possessions.

         Except as provided below, the Notes may not be redeemed prior to
maturity.

         (1)      The Company may, at its option, redeem the Notes if:

                  (a)      the Company becomes or will become obligated to pay
                           Additional Amounts as described above;

                  (b)      the obligation to pay Additional Amounts arises as a
                           result of any change in the laws, regulations or
                           rulings of the United States, or an official position
                           regarding the application or interpretation of such
                           laws, regulations or rulings, which change is
                           announced or becomes effective on or after October
                           24, 2003 and

                  (c)      the Company determines, in its business judgment,
                           that the obligation to pay such Additional Amounts
                           cannot be avoided by the use of reasonable measures
                           available to it, other than substituting the obligor
                           under the Notes or taking any action that would
                           entail a material cost to the Company.

         (2)      The Company may also redeem the Notes, at its option, if:

                  (a)      any act is taken by a taxing authority of the United
                           States on or after October 24, 2003, whether or not
                           such act is taken in relation to the Company or any
                           affiliate, that results in a substantial probability
                           that the Company will or may be required to pay
                           Additional Amounts as described above;

                  (b)      the Company determines, in its business judgment,
                           that the obligation to pay such Additional Amounts
                           cannot be avoided by the use of reasonable measures
                           available to it, other than substituting the obligor
                           under the Notes or taking any action that would
                           entail a material cost to the Company and

                  (c)      the Company receives an opinion of independent
                           counsel to the effect that an act taken by a taxing
                           authority of the United States results in a
                           substantial probability that the Company will or may
                           be required to pay the Additional Amounts described
                           above, and delivers to the Trustee a certificate,
                           signed by a duly authorized officer, stating that
                           based on such opinion the Company is entitled to
                           redeem the Notes pursuant to their terms.

Any redemption of the Notes as set forth in clauses (1) or (2) above shall be in
whole, and not in part, and will be made at a redemption price equal to 100% of
the principal amount of the Notes Outstanding plus accrued interest thereon to
the date of redemption. Holders shall be given not less

<PAGE>

than 30 days nor more than 60 days prior notice by the Trustee of the date fixed
for such redemption.

                  All terms used in this Note which are defined in the Indenture
shall have the meanings assigned to them in the Indenture. The Notes are
governed by the laws of the State of New York.

<PAGE>

                       SCHEDULE OF EXCHANGES OF INTERESTS

                  The following exchanges of a part of this Note for an interest
in another Global Security or for a certificated Note, or exchanges of a part of
another Global Security or certificated Note for an interest in this Note, have
been made:

<TABLE>
<CAPTION>
                                                                                                               Signature of
                                                                                 Principal Amount of this   Authorized Officer
                      Amount of decrease in           Amount of increase in         Note following such        of Trustee or
Date of Exchange  Principal Amount of this Note   Principal Amount of this Note    decrease (or increase)     Fiscal Agent
----------------  -----------------------------   -----------------------------  ------------------------   ------------------
<S>               <C>                             <C>                            <C>                        <C>
October 30, 2003  (original issuance)                                                  Y
                                                                                         ---------              -----------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*        This Schedule may be used by the Trustee, Paying Agent, Fiscal Agent or
         other agent of the Company in respect of this Note, and, if so used,
         shall be deemed a part thereof for all purposes.<PAGE>
                                                                    Exhibit 4.03

                                        1

                                 CITIGROUP INC.

                                       AND

                                 CITIBANK, N.A.
                  AS FISCAL AGENT, REGISTRAR AND EXCHANGE AGENT

                                       AND

            DEXIA BANQUE INTERNATIONALE A LUXEMBOURG, SOCIETE ANONYME
                       AS PAYING AGENT AND TRANSFER AGENT

--------------------------------------------------------------------------------

                                AGENCY AGREEMENT
                    YEN 50,000,000,000 0.800% NOTES DUE 2008
                          DATED AS OF OCTOBER 30, 2003

--------------------------------------------------------------------------------
<PAGE>
                                       2

THIS AGREEMENT is made in London as of October 30, 2003, BY

(1)   CITIGROUP INC. (the "ISSUER").

(2)   CITIBANK, N.A. ("CITIBANK, N.A."), which shall act as fiscal agent,
      registrar and exchange agent (hereinafter referred to in such respective
      capacities as "FISCAL AGENT", "REGISTRAR" or as "EXCHANGE AGENT", which
      expressions shall include any successor or successors thereto).

(3)   DEXIA BANQUE INTERNATIONALE A LUXEMBOURG, SOCIETE ANONYME, which shall act
      as paying agent and transfer agent (hereinafter referred to as "PAYING
      AGENT" and "TRANSFER AGENT", which expression shall include any successor
      or successors thereto).

      WHEREAS pursuant to the Terms Agreement dated October 24, 2003 (the
"UNDERWRITING AGREEMENT") between the Issuer and the Underwriters named therein,
the Issuer has agreed to issue its Yen 50,000,000,000 0.800% Notes due October
2008 (the "NOTES"); and

      WHEREAS the Issuer wishes to appoint Citibank, N.A. to act as Fiscal
Agent, Registrar and Exchange Agent and Dexia Banque Internationale a
Luxembourg, societe anonyme as Paying Agent and Transfer Agent in relation to
the Notes upon the terms and conditions set forth in this Agreement and the
Schedules hereto.

      IT IS HEREBY AGREED as follows:

1.    DEFINITIONS, INTERPRETATION

      The following terms shall, unless the context otherwise requires, have the
      respective meanings indicated below:

      "AGENT(S)" means any of the Fiscal Agent, the Registrar, the Paying Agent
      and the Transfer Agent.

      "CONDITIONS" means the terms and conditions of the Notes, as contained in
      the Global Notes, in the Prospectus Supplement dated October 24, 2003 and
      the Indenture.

      "GLOBAL NOTES" means either one or both of (i) the International Global
      Note in the form of Schedule 1 attached hereto and (ii) the DTC Global
      Notes in the form of Schedule 2 attached hereto (also referred to herein
      as the "DTC GLOBAL NOTE" and the "INTERNATIONAL GLOBAL NOTE",
      respectively).

      "INDENTURE" means the Indenture dated as of March 15, 1987, as amended and
      supplemented to date, between the Issuer and The Bank of New York (the
      "TRUSTEE").

      Terms not defined herein shall have the same meanings as are assigned
      thereto in the Underwriting Agreement and the Conditions.
<PAGE>
                                       3

2.    APPOINTMENTS

2.1 The Issuer hereby appoints Citibank, N.A. to act as Fiscal Agent, Registrar
and Exchange Agent in respect of the Notes and Global Notes.

2.2 Citibank, N.A. hereby accepts such appointments and the resulting
obligations, and agrees to act in such capacities, on the terms and conditions
set out in this Agreement and the Schedules hereto. In particular, the Fiscal
Agent agrees to effect any publication of notices pursuant to the Conditions.

2.3 The Issuer hereby appoints Dexia Banque Internationale a Luxembourg, societe
anonyme to act as Paying Agent and Transfer Agent in respect of the Notes and
Global Notes.

2.4 Dexia Banque Internationale a Luxembourg, societe anonyme hereby accepts
such appointments and the resulting obligations, and agrees to act in such
capacities, on the terms and conditions set out in this Agreement and the
Schedules hereto.

2.5 The obligations of the Agents are several and not joint.

3.    THE NOTES

3.1 The Notes shall be represented by permanent Global Notes without interest
coupons as specified in the Conditions. The International Global Note and the
DTC Global Note shall be substantially in the forms attached hereto as Schedules
1 and 2, respectively, in each case with such changes as may be agreed between
the Issuer and the Trustee. The Conditions shall be attached to, or endorsed
upon, each Global Note. In the event that individual definitive Notes are
issued, the parties shall enter into a supplement to this Agreement to provide
for the matters set forth herein with regard to such definitive Notes.

3.2 Each Global Note shall be signed manually by a duly authorised officer of
the Issuer and dated the Issue Date. Each Global Note shall be authenticated
manually by Citibank, N.A., as authenticating agent on behalf of the Trustee,
and delivered to (i) in the case of the International Global Note, Citibank,
N.A. as common depositary for Euroclear and Clearstream, and (ii), in the case
of the DTC Global Notes, Citibank, N.A., London office as custodian for The
Depository Trust Company, New York ("DTC").

4.    PAYING AGENCY

4.1 The Issuer shall remit the funds necessary for the payment of interest on
and principal of the Notes to the Fiscal Agent, in Yen in same-day funds, to
such account at the Fiscal Agent in London as the Fiscal Agent may from time to
time specify (the "REDEMPTION ACCOUNT") on the Business Day such payment is due,
provided always that, if any due date shall not be a Business Day, the Issuer
shall make such transfer to the account of the Fiscal Agent on the next
succeeding Business Day (for the purposes of this Clause 4, Business Day shall
mean a day on which commercial banks and foreign exchange markets settle
payments and are open for general business in each of London, Tokyo and The City
of New York.

The Issuer hereby authorizes and directs the Fiscal Agent, from the amounts so
paid to it, to make payment of the principal of, and interest on, the Notes on
the due date for payment set forth in the Conditions and this Agreement. If
applicable, the Fiscal Agent will, from funds so received from the Issuer,
credit to the account of the Paying Agent the amounts of all such payments made
by it in accordance with the provisions of this Agreement.

The Issuer shall confirm to the Fiscal Agent not later than 10:00 a.m. (London
time) on the second Business Day before the relevant date for such payment that
it has issued irrevocable payment instructions for such payment to be made.

4.2 If for any reason the Fiscal Agent does not receive unconditionally the full
amount payable by the Issuer on the relevant due date in respect of all the
outstanding or maturing Notes, the Fiscal Agent
<PAGE>
                                       4

shall forthwith notify immediately the Issuer by telephone followed by facsimile
and the Fiscal Agent shall not be bound to make any payment of principal or
interest in respect of the Notes until the Fiscal Agent has received to its
order the full amount of the monies then due and payable in respect of all
outstanding or maturing Notes, provided, however, that if the Fiscal Agent
shall, in its discretion, make any payment of principal or interest on or after
the due date therefor in respect of the Notes prior to its unconditional receipt
of the full amount then due and payable in respect of all outstanding Notes, the
Issuer will promptly pay such amount to the Fiscal Agent and will compensate the
Fiscal Agent at a rate equal to the Fiscal Agent's cost of funding.

4.3 Out of the sums paid to the Fiscal Agent in respect of interest and
principal on the Notes, the Fiscal Agent will make payment free of charge to the
registered holder of the International Global Note and the DTC Global Note as
stipulated in Clause 9 below, in the amounts specified in the Conditions. The
Fiscal Agent shall obtain from the Registrar, and the Registrar shall supply,
such details as are required for the Paying Agent to make payment as stated
above.

4.4 In respect of the monies paid to it relating to any Note, the Fiscal Agent

      4.4.1 shall not be entitled to exercise any lien, right of set-off or
      similar claim (including without limitation any claim arising from or
      relating to any other issue of securities by the Issuer),

      4.4.2 shall not be required to account for interest thereon and

      4.4.3 money held by it need not be segregated except as may be required by
      applicable law.

5.    DOCUMENTS FOR INSPECTION AND PUBLICATION OF NOTICES

5.1 On behalf and at the request and expense of the Issuer, the Fiscal Agent
shall cause to be published any notices required to be given by the Issuer in
accordance with the Conditions.

5.2 The Issuer shall provide to the Fiscal Agent sufficient copies of all
documents required by the Conditions to be available for issue or inspection,
and the Fiscal Agent shall make such copies available to Noteholders upon their
request.

5.3 To the extent practicable, the Issuer shall provide the Fiscal Agent with a
copy (prior to publication) of all notices to be issued in connection with the
Notes.

6.    CANCELLATION OF THE GLOBAL NOTES

6.1 Subject to the terms of the Indenture, promptly upon the Issuer's request,
the Registrar shall take all measures necessary to cancel any Notes which the
Issuer has repurchased or whose maturity has been accelerated pursuant to the
Conditions. The Registrar shall cause any such Notes (i) to the extent
represented by the International Global Note, to be cancelled resulting in a
reduction in the aggregate amount of the Notes represented by the International
Global Note by the aggregate amount of Notes so cancelled, and (ii) to the
extent represented by the DTC Global Note, to be cancelled in accordance with
the procedures established for that purpose by DTC, resulting in a reduction in
the aggregate amount of the Notes represented by the DTC Global Note by the
aggregate amount of the Notes so cancelled.

6.2 On the same day such cancellation is effected, the Registrar shall record
such cancellation of Notes on the Register in such a way that the aggregate
principal amount of Notes cancelled at any time together with the aggregate
principal amount of Notes outstanding and represented by the Global Notes shall
equal the aggregate principal amount of Notes originally issued by the Issuer.

6.3 The Registrar shall upon request furnish the Issuer with a notice of
cancellation signed by an authorized officer of the Registrar confirming the
cancellation of such Notes and the corresponding reduction of the relevant
Global Note(s).
<PAGE>
                                       5

7.    DUTIES OF THE REGISTRAR

7.1 The Registrar shall maintain the Register in London in accordance with the
Conditions. The Register shall show the aggregate amount of Notes represented by
each Global Note at the date of issue and all subsequent transfers and exchanges
involving a change in such amounts and the names and addresses of the registered
holders (each a "PAYEE"). On the first Business Day after the Record Date for
any interest payment on the Notes, the Registrar shall send payment details in
respect of the Payees and the Yen accounts to which transfers should be made to
the Fiscal Agent.

7.2 Transfers or exchanges of Notes will be made in accordance with the
Conditions, the procedures established for this purpose between Euroclear,
Clearstream, DTC and the Registrar, and Euroclear, Clearstream and DTC's
regulations applicable to such transfers or exchanges. Any such transfer or
exchange which results in a change in the aggregate principal amount of Notes
held by Euroclear, Clearstream and DTC shall be notified by Euroclear,
Clearstream and DTC to the Registrar. The Registrar shall promptly enter details
of the transfer or exchange in the Register, which entry shall, without further
action, cause the aggregate principal amount represented by each Global Note to
be amended accordingly.

7.3 The Registrar shall at all reasonable times during office hours make the
Register available to the Issuer and the Fiscal Agent or any person authorised
by either of them for inspection and for the taking of copies thereof or
extracts therefrom, and the Registrar shall deliver to such persons such
information contained in the Register or relating to the Notes as they may
reasonably request.

8.    DUTIES OF THE TRANSFER AGENT

If and to the extent so specified by the Conditions and in accordance therewith,
or if otherwise requested by the Issuer, the Transfer Agent shall make available
all relevant forms of transfer, inform the Registrar of the name and address of
the relevant person to be inserted in the Register and carry out such other acts
as may be necessary to give effect to the Conditions and this Agreement.

9.    PAYMENTS TO DTC NOTEHOLDERS

9.1 All amounts of principal and interest due in respect of the Notes which are
represented by the DTC Global Note (each a "DTC AMOUNT") shall be paid in U.S.
dollars (each such payment being referred to herein as a "U.S. DOLLAR PAYMENT"),
unless DTC has advised the Fiscal Agent that the relevant Noteholder has made an
effective election to receive all or a portion of its payment in Yen outside DTC
(each a "YEN PAYMENT").

9.2 The Paying Agent shall, from each DTC Amount received by it, make U.S.
Dollar Payments in accordance with the Conditions and Yen Payments in accordance
with the Conditions.

10.   DUTIES OF EXCHANGE AGENT

      For the purposes of this Clause 10, a "payment date" shall be each date on
      which the Issuer is obligated to remit funds to the Fiscal Agent pursuant
      to Clause 4.1.

      The Exchange Agent shall:

(i)   accept Yen by remittance to an account maintained by the Exchange Agent of
      the total amount of interest or principal due on any payment date on Notes
      held by Cede & Co. (as nominee of DTC) on the Record Date. The Exchange
      Agent shall be advised by Cede & Co. (as nominee of DTC) if any beneficial
      holders of the Notes held by Cede & Co. (as nominee of DTC) have elected
      to receive payment in Yen and, if so, the amount of Notes held by such
      holders and the accounts to which such payments in Yen are to be wired. On
      the payment date, the Exchange Agent shall wire payment in the appropriate
      Yen amounts to the accounts indicated. The remainder on such payment date
      shall be exchanged by the Exchange Agent pursuant to sub-clause (ii) below
      into U.S. dollars and, after deduction of any costs relating to such
      exchange, shall be paid to Cede & Co. (as nominee of DTC) on the payment
      date; and
<PAGE>
                                       6

(ii)  at or prior to 11:00 a.m., London time, on the second London business day
      preceding the applicable payment date, enter into a contract for the
      purchase of U.S. dollars with the Specified Amount of Yen for settlement
      on such payment date. "SPECIFIED AMOUNT" shall mean the aggregate amount
      of Yen payable to all Noteholders holding Notes through participants of
      DTC that have not elected to receive payments in Yen. The amount of U.S.
      dollars payable in respect of a particular payment under the DTC Global
      Note will be equal to the amount of Yen otherwise payable exchanged into
      U.S. dollars at the Yen/U.S.$ exchange rate prevailing as at 11:00 a.m.
      (London time) on the second London business day prior to the relevant
      payment date, less any costs incurred by the Exchange Agent for such
      conversion (such costs to be shared pro rata among holders under the DTC
      Global Note accepting U.S. dollar payments in proportion of their
      respective holdings). If an exchange rate bid quotation is not so
      available, the Exchange Agent shall obtain a bid quotation from a leading
      foreign exchange bank in London selected by the Exchange Agent after
      consultation with the Issuer. If no bid quotation is so available, payment
      will be made in Yen to the account or accounts specified by DTC to the
      Exchange Agent. In this sub-clause (ii), the term "London business day"
      shall mean any day on which commercial banks and foreign exchange markets
      settle payments in New York City, Tokyo and London.

11.   CONDITIONS OF APPOINTMENT

11.1 The Issuer will pay to the Agents a remuneration for all services rendered
hereunder by the Agents in connection with the Notes together with any expenses
incurred as separately agreed upon by the Agents and the Issuer.

11.2 The Issuer will indemnify and hold harmless each of the Agents against any
loss, liability or expense which it may incur or any claim, action or demand
which may be made against it resulting from the negligence or wilful misconduct
on the part of the Issuer (or its officers, employees or agents (other than the
Agents and their officers, employees, and agents)) and arising out of or in
connection with such Agent's appointment or the exercise of its powers and
duties hereunder without negligence or wilful misconduct on the part of such
Agent.

11.3 Each Agent will indemnify and hold harmless the Issuer against any loss,
liability or expense incurred by the Issuer or any claim, action or demand which
may be made against the Issuer resulting from the negligence or wilful
misconduct on the part of such Agent (or such Agent's officers, employees or
agents) and arising out of or in connection with such Agent's duties hereunder.
Notwithstanding the foregoing, under no circumstances will any Agent be liable
to the Issuer or any other person for any consequential loss (being loss of
business, goodwill, opportunity or profit) even if advised to the possibility of
such loss or damages.

11.4 The indemnities above shall survive the termination or expiry of this
Agreement.

11.5 Each of the Agents shall be protected and shall incur no liability for or
in respect of any action taken, omitted or suffered in reliance upon any
instruction or communication from the Issuer or any document reasonably believed
by it to be genuine and to have been delivered, signed or sent by the proper
party or parties in accordance with the provisions hereof, except such as may
result from its own negligence or wilful misconduct or that of its officers,
employees or agents.

11.6 In acting hereunder and in connection with the Notes, the Agents do not
assume any relationship of agency and trust for the Noteholders, and shall not
have any obligation towards them except that all funds held by the Fiscal Agent
for payment of principal of or interest on the Notes shall be held exclusively
for the benefit of and for payment to the Noteholders and shall be applied as
set forth herein and in the Conditions. Except as otherwise required by
applicable law, no Agent will be required to segregate any funds held by it
hereunder from any of its other funds.

11.7 Nothing herein shall be deemed to require any Agent to advance its own
funds in the performance of its duties hereunder.

11.8 The Agents may consult with legal and other professional advisers selected
in good faith and satisfactory to them and the opinion of such advisers shall be
full and complete protection in respect of
<PAGE>
                                       7

any action taken, omitted or suffered hereunder in good faith and without
negligence and in accordance with the opinion of such advisers.

11.9 The Agents shall be obliged to perform such duties and only such duties as
are herein specifically set forth, and no implied duties or obligations shall be
read into this Agreement against the Agents. No Agent shall be under any
obligation to take any action hereunder which it expects will result in any
expense or liability of such Agent, the payment of which within a reasonable
time is not, in its opinion, assured to it. The obligations of the Agents
hereunder are several and not joint.

11.10 The Agents, their affiliates and their respective officers and employees,
in their individual or any other capacity, may become the owner of, or acquire
any interest in, any Notes with the same rights that the Agents would have it
they were not the Agents hereunder.

12.   CHANGE IN AGENTS

12.1 Each of the Fiscal Agent, Registrar, Exchange Agent, Paying Agent and
Transfer Agent in its capacity as such may be removed at any time by the giving
to it of at least 30 days' written notice to that effect signed on behalf of the
Issuer specifying the date on which such removal shall become effective. Each of
the Fiscal Agent, Registrar, Exchange Agent, Paying Agent and Transfer Agent may
at any time resign by giving at least 30 days' written notice (unless the Issuer
agrees to accept less notice) to that effect to the Issuer specifying the date
on which such resignation shall become effective. Notwithstanding the foregoing,
no such resignation or removal shall take effect within 30 days before or after
any due date for payment of any Notes or before a new Fiscal Agent, Registrar,
Exchange Agent, Paying Agent and Transfer Agent, as the case may be, shall have
been appointed by the Issuer as hereinafter provided, and such new Agent shall
have accepted such appointment. Any change in any Agent shall be notified by the
Issuer to the other Agent(s).

12.2 The Issuer agrees with the Fiscal Agent that if, by the day falling 10 days
before the expiry of any notice under Clause 12.1 above, the Issuer has not
appointed a replacement Fiscal Agent, then the Fiscal Agent shall be entitled,
on behalf of the Issuer, to appoint in its place any reputable financial
institution of good standing and the Issuer shall not unreasonably object to
such appointment.

12.3 Upon the effectiveness of the appointment of any successor Fiscal Agent,
Registrar, Exchange Agent, Paying Agent and Transfer Agent, as the case may be,
pursuant to Clause 12.1, the Fiscal Agent, Registrar, Exchange Agent, Paying
Agent and Transfer Agent so removed shall cease to be a Fiscal Agent, Registrar,
Exchange Agent, Paying Agent and Transfer Agent, as the case may be, hereunder.
Prior to the effectiveness of such appointment, the Fiscal Agent, Registrar,
Exchange Agent, Paying Agent and Transfer Agent shall hold all moneys deposited
with it or held by it hereunder in respect of the Notes to the order of the
respective successor Fiscal Agent, Registrar, Exchange Agent, Paying Agent and
Transfer Agent.

13.   NOTICES

Notices shall be in writing (including by facsimile) and addressed to the
relevant party hereto as follows:

(a)   If to the Issuer:

      Citigroup Inc.
      153 East 53rd Street
      New York, New York 10043
      Attention:  Treasury Department
      Telephone:  212-559-3553
      Telefax: 212-793-5629

(b)   If to the Fiscal Agent, Registrar and Exchange Agent:

      Citibank, N.A.
      P.O. Box 18055
<PAGE>
                                       8

      5 Carmelite Street
      London EC4Y 0PA
      Attn:  Agency & Trust, Bond Desk

      Telefax: 44-020-7508-3878

(c)   If to the Paying Agent:

      Dexia Banque Internationale a Luxembourg, societe anonyme
      69, route d'Esch
      L-2953 Luxembourg
      Telephone: 352-45-90-1
      Telefax: 352-45-90-42-27

or at any other address of which any of the foregoing shall have notified the
others, and shall be deemed to have been given when received by the relevant
party.

14.   APPLICABLE LAW, PLACE OF JURISDICTION

14.1 This Agreement shall be subject to New York law.

14.2 The non-exclusive place for all proceedings arising out of this agreement
shall be New York.

15.   MISCELLANEOUS

15.1 The Fiscal Agent agrees to perform its obligations hereunder through its
London Branch to the extent that this is necessary or appropriate in order to
make payments to DTC or DTC Participants in accordance with the Conditions.

15.2 The Fiscal Agent shall promptly advise the Issuer of any notice, including
any notice declaring Notes due, which it may receive pursuant to the Conditions.

15.3 Should any of the provisions of this Agreement be or become invalid, in
whole or in part, the other provisions of this Agreement shall remain in force.
Invalid provisions shall, according to the intent and purpose of this Agreement,
be replaced by such valid provisions which in their economic effect come as
close as legally possible to that of the invalid provisions.

15.4 This Agreement may be signed in two counterparts.

15.5 Terms not defined in this Agreement shall have the meanings ascribed to
them in the Underwriting Agreement or the Conditions, as the case may be.

15.6 If there is any conflict between the terms of this Agreement and the terms
of the Indenture, the terms of the Indenture shall control.

15.7 The provisions of the United States Trust Indenture Act of 1939, as amended
(the "Trust Indenture Act"), shall be incorporated by reference herein to the
extent applicable. Each of the Agents agrees to abide by the Trust Indenture
Act, to the extent applicable in the performance of their respective duties
hereunder. If there is any conflict between the terms of this Agreement and the
Trust Indenture Act, the provisions of the Trust Indenture Act shall govern to
the extent of such conflict.
<PAGE>
                                       9

This Agreement has been entered into effective the date stated at the beginning
hereof.

CITIGROUP INC.

/s/ Charles E. Wainhouse
----------------------------------------------------
Charles E. Wainhouse, Assistant Treasurer

CITIBANK, N.A.

/s/ Paul Ballam
----------------------------------------------------

DEXIA BANQUE INTERNATIONALE A LUXEMBOURG, SOCIETE ANONYME

/s/ Pierre-Francois Henrion
/s/ Jean-Jacques Kinnen
----------------------------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]