New Issue: Citigroup sells $3.52 million buffer securities linked to Dow, S&P, Russell

By Kiku Steinfeld

Chicago, Nov. 15 – Citigroup Global Markets Holdings Inc. priced $3.52 million of 0% buffer securities due Nov. 2, 2023 linked to the Russell 2000 index, 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 140% of any positive return of the laggard index.

If the laggard index falls by up to 5%, the payout will be par. Investors will be exposed to declines in the laggard index beyond 5%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	Russell 2000 index, S&P 500 index, Dow Jones industrial average
Amount:	$3,519,000
Maturity:	Nov. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any positive return of laggard index; par if laggard index falls by up to 5%; lose 1% for every 1% decline of laggard index beyond 5%
Initial levels:	4,605.38 for S&P, 35,819.56 for Dow, 2,297.191 for Russell
Buffer levels:	4,375.111 for S&P, 34,028.582 for Dow, 2,182.331 for Russell; 95% of initial levels
Pricing date:	Oct. 29
Settlement date:	Nov. 3
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.8%
Cusip:	17329QXW5

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