New Issue: Citigroup sells $1.22 million barrier securities tied to S&P, Russell

By Kiku Steinfeld

Chicago, June 1 – Citigroup Global Markets Holdings Inc. sold $1.22 million of 0% barrier securities due May 10, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If each index finishes above its initial level, the payout at maturity will be par plus 120% of the worse performing index’s return.

If the worse performing index’s final level is less than or equal to its initial level but greater than or equal to its 70% barrier level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,224,000
Maturity:	May 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above initial level, par plus 120% of worse performing index’s return; if worse performing index’s final level is less than or equal to initial level but greater than or equal to its barrier level, par; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	4,232.60 for S&P 500 and 2,271.629 for Russell 2000
Barrier levels:	2,962.820 for S&P 500 and 1,590.140 for Russell 2000; 70% of initial levels
Pricing date:	May 7
Settlement date:	May 12
Agent:	Citigroup Global Markets Inc.
Fees:	0.85%
Cusip:	17329FFA7

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