New Issue: Citigroup sells $6.77 million buffer securities tied to MSCI EAFE

By William Gullotti

Buffalo, N.Y., June 21 – Citigroup Global Markets Holdings Inc. priced $6.77 million of 0% buffer securities due June 20, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index finishes above its initial level, the payout at maturity will be par plus 1.25 times the index gain, capped at par plus 30.25%. If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 15% to a minimum payout of $150 per security.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	MSCI EAFE index
Amount:	$6,767,000
Maturity:	June 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain, capped at par plus 30.25%; par if index falls by up to 15%; otherwise, 1% loss for every 1% index decline beyond 15% to a minimum payout of $150 per security
Initial level:	2,379.37
Buffer level:	2,022.4645; 85% of initial level
Pricing date:	June 15
Settlement date:	June 18
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17329FYA6

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