New Issue: Citigroup sells $25.08 million barrier securities on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – Citigroup Global Markets Holdings Inc. priced $25.08 million of 0% barrier securities due Dec. 7, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The payout at maturity will be par plus any index gain, subject to a maximum payout of par plus 17%.

If the index falls by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the 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 index:	S&P 500
Amount:	$25,075,000
Maturity:	Dec. 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above initial level, par plus index gain, subject to a maximum payout of par plus 17%; if the index falls by up to 20%, par; otherwise, full exposure to the decline of the index from its initial level
Initial level:	4,536.95
Barrier level:	3,629.56, 80% of initial level
Pricing date:	Sept. 2
Settlement date:	Sept. 8
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17329QQC7

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