New Issue: Citi prices $5.28 million buffered index-linked notes tied to S&P 500

By Kiku Steinfeld

Chicago, June 19 – Citigroup Global Markets Holdings Inc. priced $5.28 million of 0% buffered index-linked notes due Feb. 14, 2022 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.

The payout at maturity will be par plus 300% of any index gain, up to a maximum settlement amount of $1,150 per $1,000 of notes.

Investors will receive par if the index finishes flat or falls by up to 15% and lose 1.1765% for each 1% index decline beyond the 15% buffer.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$5,280,000
Maturity:	Feb. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payment of $ $1,150 per $1,000 principal amount; par if index falls by up to 15%; 1.1765% loss per 1% decline beyond 15%
Initial level:	3,066.59
Buffer level:	85% of initial level
Pricing date:	June 15
Settlement date:	June 22
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.59%
Cusip:	17328VR51

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