New Issue: Citigroup sells $903,000 barrier securities on Russell, S&P

By William Gullotti

Buffalo, N.Y., June 29 – Citigroup Global Markets Holdings Inc. priced $903,000 of 0% barrier securities due June 26, 2026 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If each index finishes at or above its initial level, payout will be par plus 1.25 times the return of the least-performing index.

If the least-performing index finishes below its initial level but at or above its final barrier level, 60% of its initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$903,000
Maturity:	June 26, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above initial level, par plus 1.25 times the gain of the least-performing index; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
Initial levels:	2,303.469 for Russell, 4,241.84 for S&P
Final barrier levels:	1,382.081 for Russell, 2,545.104 for S&P; 60% of initial levels
Pricing date:	June 23
Settlement date:	June 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17329FYW8

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