New Issue: Citigroup prices $500,000 buffered digital securities on S&P 500

By Emma Trincal

New York, May 26 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% enhanced buffered digital securities due Aug. 25, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the index is greater than or equal to its final buffer value, 80% of its initial level, the payout at maturity will be par plus the digital return amount, or 6.2%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital securities
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	Aug. 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 80% of its initial level, par plus 6.2%; if the index falls by more than 20%, 1% loss for every 1% decline beyond 20%
Initial index level:	2,971.61
Buffer value:	2,377.288, 80% of initial level
Pricing date:	May 20
Settlement date:	May 26
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17328VQD5

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