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Published on 7/27/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $643,000 buffered PLUS linked to S&P 500

Chicago, March 30 – Citigroup Global Markets Holdings Inc. priced $643,000 of 0% buffered Performance Leveraged Upside Securities due Jan. 4, 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.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 13%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$643,000
Maturity:Jan. 4, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 200% of index return, subject to 13% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:3,226.56
Buffer level:90% of initial level
Pricing date:July 16
Settlement date:July 21
Underwriter:Citigroup Global Markets Inc.
Fees:None
Cusip:17328W6Q6

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