New Issue: Citigroup sells $1.34 million leveraged market-linked notes on Energy Select Sector

By Kiku Steinfeld

Chicago, May 24 – Citigroup Global Markets Holdings Inc. priced $1.34 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due May 5, 2023 linked to the Energy Select Sector SPDR fund, 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 200% of any fund gain, capped at par plus 24%. If the fund falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the fund beyond 15%.

Citigroup Global Markets Inc.is the underwriter and Wells Fargo Securities, LLC is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying fund:	Energy Select Sector SPDR
Amount:	$1,343,000
Maturity:	May 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at par plus 24%; if the fund falls by up to 15%, par; otherwise, investors will lose 1% for every 1% decline of the fund beyond 15%
Initial fund level:	$49.39
Buffer value:	$41.9815, 85% of initial level
Pricing date:	April 30
Settlement date:	May 5
Underwriter:	Citigroup Global Markets Inc. with Wells Fargo Securities, LLC as agent
Fees:	2.84%
Cusip:	17329F4W1

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