EXCHANGE AGREEMENT between CITIGROUP INC. and FEDERAL DEPOSIT INSURANCE CORPORATION Dated September 9, 2013Exchange Agreement • September 10th, 2013 • Citigroup Inc • National commercial banks • New York
WHEREAS, the Company issued $4.034 billion of its perpetual preferred stock to the United States Department of the Treasury (“Treasury”) and $3.025 billion of its perpetual preferred stock to the Investor as consideration for the loss-sharing protection provided pursuant to a master agreement, dated as of January 15, 2009 (as amended, the “Master Agreement”), among the Company and certain of its affiliates, Treasury, the Investor and the Federal Reserve Bank of New York;
