New Issue: Citigroup prices $735,000 dual directional barrier securities on S&P 500

By Kiku Steinfeld

Chicago, May 24 – Citigroup Global Markets Holdings Inc. priced $735,000 of 0% dual directional barrier securities due May 18, 2022 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 index finishes at or above the initial level, the payout at maturity will be par plus the absolute value of the index return, capped at 10%.

If the index falls but finishes at or above the 87.8% barrier level, the payout at maturity will be par plus the absolute value of the index return.

Otherwise, the payout will be par plus the index return, with full exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Dual directional barrier securities
Underlying index:	S&P 500
Amount:	$735,000
Maturity:	May 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above the initial level, par plus the absolute value of the index return, capped at 10%; if the index falls but finishes at or above the barrier level, par plus the absolute value of the index return; otherwise, par plus the index return, with full exposure to losses
Initial index level:	4,181.17
Barrier level:	3,671.067, 87.8% of initial level
Pricing date:	April 30
Settlement date:	May 5
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17329FDQ4

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