New Issue: Citigroup sells $1.65 million barrier securities linked to S&P 500

By Kiku Steinfeld

Chicago, Dec. 30 – Citigroup Global Markets Holdings Inc. priced $1.65 million of 0% barrier securities due June 26, 2026 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 1.2 times any index gain up to a maximum payout of par plus 50.2%. 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 index
Amount:	$1,650,000
Maturity:	June 26, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any index gain, up to par plus 50.2%; par if index falls by up to 25%; otherwise, full exposure to losses
Initial level:	3,690.01
Barrier level:	2,214.00, 60% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.35%
Cusip:	17328YB94

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