New Issue: Citi sells $3.42 million 10.5% equity-linked notes on S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, April 14 – Citigroup Global Markets Holdings Inc. priced $3.42 million of 10.5% equity-linked securities due April 9, 2021 tied to the worst performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable monthly.

If both indexes finish at or above their downside threshold, 80% of the initial levels, the payout will be par.

Otherwise, investors will lose 1.25% for every 1% decline of the lesser performing index beyond 20%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying indexes:	S&P 500, Dow Jones industrial average
Amount:	$3,415,000
Maturity:	April 9, 2021
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	If both indexes finish at or above their downside thresholds, par; otherwise, investors will lose 1.25% for every 1% decline of the lesser performing index beyond 20%
Initial levels:	2,488.65 for S&P, 21,052.53 for Dow
Downside thresholds:	1,990.920 for S&P, 16,842.024 for Dow, 80% of initial levels
Strike date:	April 3
Pricing date:	April 6
Settlement date:	April 9
Agent:	Citigroup Global Markets Inc.
Fees:	0%
Cusip:	17328V2C3

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