New Issue: Citigroup prices $1 million buffered equity notes on S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, May 13 – Citigroup Global Markets Holdings Inc. priced $1 million of 4.8% buffered equity-linked notes due Feb. 15, 2024 linked to the worst performing of 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.

Interest is payable quarterly.

The payout will be par if the worst-performing index finishes flat, positive or falls by up to 20%. Otherwise, investors will lose 1% for every 1% decline of the worst-performing index beyond 20%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered equity-linked notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$1 million
Maturity:	Feb. 15, 2024
Coupon:	4.8%, payable quarterly
Price:	Par
Payout at maturity:	If the worst-performing index return is zero or positive or falls by up to 20%, par; exposure to losses beyond 20%
Initial index levels:	4,123.34 for S&P, 32,899.37 for Dow
Buffer levels:	3,298.672 for S&P, 26,319.496 for Dow, 80% of initial levels
Strike date:	May 6
Pricing date:	May 10
Settlement date:	May 13
Agent:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17330FUV1

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