New Issue: Citi prices $1.37 million 0% buffer securities on Air Products and Chemicals, Cummins

By Kiku Steinfeld

Chicago, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $1.37 million of 0% buffer securities due March 14, 2024 linked to the stocks of Air Products and Chemicals, Inc. and Cummins Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing stock gains, the payout at maturity will be par plus 212% of the worst performing stock return. Investors will receive par if the worst performing stock declines but ends above the 10% buffer and will lose 1% for every 1% that the worst performing stock declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying stocks:	Air Products and Chemicals, Inc. and Cummins Inc.
Amount:	$1,365,000
Maturity:	March 14, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing stock gains, par plus 212% of worst performing stock return; par if worst performing stock declines but finishes above the 10% buffer; otherwise exposure to decline in worst performing stock beyond buffer
Upside leverage:	212%
Cap:	None
Initial levels:	$218.77 for Air, $193.01 for Cummins
Buffer:	10%
Buffer levels:	$196.893 for Air, $173.709 for Cummins, 90% of initial level
Call:	Non-callable
Pricing date:	March 10
Settlement date:	March 15
Agent:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17330AJR4

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