New Issue: Citigroup sells $9.43 million buffered digital notes linked to S&P 500

By Marisa Wong

Los Angeles, Sept. 11 – Citigroup Global Markets Holdings Inc. priced $9.43 million of 0% buffered digital notes due Sept. 29, 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 75% of the initial level, the payout at maturity will be par plus 3.6%. Otherwise, investors will lose 1.3333% for every 1% that the index declines beyond 25%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$9,431,000
Maturity:	Sept. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 75% of the initial level, par plus 3.6%; otherwise, 1.3333% loss for every 1% decline beyond 25%
Initial index level:	3,484.55
Pricing date:	Aug. 27
Settlement date:	Sept. 3
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.09%
Cusip:	17328WER5

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