New Issue: Citigroup sells $1.98 million five-year buffer securities linked to Dow

By Susanna Moon

Chicago, Dec. 28 – Citigroup Inc. priced $1.98 million of 0% buffer securities due Dec. 28, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be 107% of any index gain.

Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	Dow Jones industrial average
Amount:	$1.98 million
Maturity:	Dec. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 107% of any gain; if index falls by up to 15%, par; otherwise, 1% loss per 1% decline beyond 15%
Initial level:	17,417.27
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17298C4P0

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