New Issue: Citigroup prices $3.85 million buffered digital notes on S&P 500

By Kiku Steinfeld

Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $3.85 million of 0% buffered digital notes due Oct. 19, 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 its final buffer value, 85% of its initial level, the payout at maturity will be the threshold settlement amount of $1,070 per $1,000 face amount.

Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

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:	$3,845,000
Maturity:	Oct. 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 85% of its initial level, threshold settlement amount of $1,070 per $1,000 face amount; if the index falls by more than 15%, 1.1765% loss for every 1% decline beyond 15%
Initial index level:	3,526.65
Buffer value:	85% of initial level
Pricing date:	Sept. 1
Settlement date:	Sept. 9
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.93%
Cusip:	17328WK98

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