New Issue: Citigroup sells $1.1 million buffer securities linked to Dow, S&P

By Kiku Steinfeld

Chicago, Nov. 2 – Citigroup Global Markets Holdings Inc. priced $1.1 million of 0% buffer securities due July 30, 2027 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 105.5% of any positive return of the worst performer.

If the worst-performing index falls, but not more than 15%, the payout will be par.

Investors will be exposed to the decline of the worst performer beyond the 15% buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$1,101,000
Maturity:	July 30, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 105.5% of any positive return of worst performer; par if worst performer falls by up to 15%; exposure to any losses of worst performing index beyond buffer
Initial levels:	35,058.52 for Dow, 4,401.46 for S&P
Buffer levels:	29,799.742 for Dow, 3,741.241 for S&P, 85% of initial levels
Pricing date:	July 27
Settlement date:	July 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.5%
Cusip:	17329Q3A6

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