New Issue: Citigroup prices $1 million 4.95% buffered equity-linked securities on S&P, Dow

By William Gullotti

Buffalo, N.Y., May 18 – Citigroup Global Markets Holdings Inc. priced $1 million of 4.95% buffered equity-linked securities due May 18, 2023 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 at or above its 80% buffer level. 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 securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$1 million
Maturity:	May 18, 2023
Coupon:	4.95%, payable quarterly
Price:	Par
Payout at maturity:	If the worst-performing index return is zero or positive or falls by up to 20%, par; otherwise, 1% loss for every 1% decline of worst performer below buffer
Initial index levels:	4,023.89 for S&P, 32,196.66 for Dow
Buffer levels:	3,219.112 for S&P, 25,757.328 for Dow; 80% of initial levels
Pricing date:	May 13
Settlement date:	May 18
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17330FSF9

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