New Issue: Citigroup sells $1.63 million 6% securities linked to QQQ, S&P ETFs

By Wendy Van Sickle

Columbus, Ohio, April 30 – Citigroup Global Markets Holdings Inc. priced $1.63 million of equity-linked securities due Oct. 15, 2021 tied to the lesser performing of the Invesco QQQ Trust, series 1 and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 6% per year, payable monthly.

If the final share price of each ETF is greater than or equal to 85% of its initial share price, the payout at maturity will be par. Otherwise, investors will receive a number of shares of the laggard ETF equal to $1,000 divided by that ETF’s initial share price.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	Invesco QQQ Trust, series 1 and SPDR S&P 500 ETF Trust
Amount:	$1,625,000
Maturity:	Oct. 15, 2021
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	If the final share price of each ETF is greater than or equal to its buffer level, par; otherwise, a number of shares of the laggard ETF equal to $1,000 divided by that ETF’s initial share price
Initial share prices:	$336.67 for QQQ, $411.64 for SPDR S&P
Buffer levels:	$286.17 for QQQ, $349.894 for SPDR S&P, 85% of initial share prices
Pricing date:	April 12
Settlement date:	April 15
Agent:	Citigroup Global Markets Inc.
Fees:	0.75%
Cusip:	17328NQG6

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