New Issue: Citi sells $3.35 million callable contingent coupon notes on three funds

By Wendy Van Sickle

Columbus, Ohio, July 1 – Citigroup Global Markets Holdings Inc. priced $3.35 million of callable contingent coupon notes due June 29, 2027 linked to the Health Care Select Sector SPDR fund, the Consumer Staples Select Sector SPDR fund and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 9.1% if each asset closes at or above its coupon barrier, 70% of its initial level, on the related valuation date.

After one year, the notes will be callable at par quarterly.

If the notes are not called and the final level of each asset is greater than or equal to its 70% final barrier level, the payout at maturity will be par plus any contingent coupon due. Otherwise, investors will be fully exposed to the decline of the worst performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable contingent coupon equity-linked securities
Underlying assets:	Consumer Staples Select Sector SPDR fund, Health Care Select Sector SPDR fund and Technology Select Sector SPDR fund
Amount:	$3.35 million
Maturity:	June 29, 2027
Coupon:	9.1% per year, payable quarterly if all assets close at or above coupon barrier level on valuation date
Price:	Par
Payout at maturity:	If final level of each asset is greater than or equal to barrier level, par plus any coupon; otherwise, full exposure to decline of least performing asset
Call option:	At par plus any coupon on any quarterly potential redemption date after one year
Initial levels:	$57.91 for Consumer Staples, $97.75 for Health Care, $102.27 for Technology
Coupon barrier levels:	$40.537 for Consumer Staples, $68.425 for Health Care, $71.589 for Technology, 70% of initial levels
Barrier levels:	$40.537 for Consumer Staples, $68.425 for Health Care, $71.589 for Technology, 70% of initial levels
Pricing date:	June 24
Settlement date:	June 29
Underwriter:	Citigroup Global Markets Inc.
Fees:	4.05%
Cusip:	17328VYD6

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