New Issue: Citigroup sells $20.91 million buffer securities linked to index basket

By Wendy Van Sickle

Columbus, Ohio, April 4 – Citigroup Global Markets Holdings Inc. priced $20.91 million of 0% buffer securities due April 5, 2024 linked to an unequally weighted basket of the S&P 500 index (50% weight), the MSCI EAFE index (30% weight) and the MSCI Emerging Markets index (20% weight), 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 1.25 times any basket gain, up to a maximum payout of par plus 35.6%. Investors will receive par if the basket is flat or falls by up to 12% and will lose 1% for every 1% that the basket declines beyond the 12% buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying basket:	S&P 500 index (50% weight), MSCI EAFE index (30% weight), MSCI Emerging Markets index (20% weight); equally weighted
Amount:	$20,914,000
Maturity:	April 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any basket gain, up to maximum of par plus 35.6%; par if basket is flat or falls by up to 12%; 1% loss for every 1% decline beyond 12% buffer
Initial index levels:	4,631.6 for S&P, 1,136.45 for Emerging Markets, 2,202.26 for EAFE
Pricing date:	March 29
Settlement date:	April 1
Agent:	Citigroup Global Markets Inc.
Fees:	0.15%
Cusip:	17330AW40

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