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Published on 4/8/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $2.03 million buffer securities tied to Nasdaq, S&P

Chicago, April 8 – Citigroup Global Markets Holdings Inc. priced $2.03 million of 0% buffer securities due March 28, 2022 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 200% of any gain of the lesser performing index, subject to a maximum return of par plus 55%.

Investors will receive par if the lesser performing index falls by up to the buffer amount of 10% and will lose 1% for every 1% that the laggard index declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying indexes:Nasdaq-100, S&P 500
Amount:$2,025,000
Maturity:March 28, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any gain of the laggard index, subject to a maximum return of par plus 55%; par if the lesser performing index falls by up to buffer level; 1% loss for every 1% decline of laggard index beyond buffer
Initial levels:7,006.917 for Nasdaq, 2,237.40 for S&P
Buffer levels:6,306.225 for Nasdaq, 2,013.660 for S&P; 90% of initial levels
Pricing date:March 23
Settlement date:March 26
Agent:Citigroup Global Markets Inc.
Fees:0.9%
Cusip:17328VE48

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