New Issue: Citigroup sells $3 million barrier securities linked to S&P 500

By Marisa Wong

Los Angeles, Sept. 2 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% barrier securities due Aug. 31, 2023 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 3 times any index gain, subject to a maximum return of 23.35%. If the index falls by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any index gain, subject to maximum return of 23.35%; par if index falls by up to 25%; otherwise, full exposure to losses
Initial level:	3,478.73
Barrier level:	2,609.048, 75% of initial level
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.75%
Cusip:	17328WJY5

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