New Issue: Citigroup prices $428,000 buffer securities linked to Euro Stoxx 50

By Kiku Steinfeld

Chicago, May 31 – Citigroup Global Markets Holdings Inc. priced $428,000 of 0% buffer securities due Nov. 2, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 150% of the index return, capped at par plus 24%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	Euro Stoxx 50 index
Amount:	$428,000
Maturity:	Nov. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 24%; par if index declines by 10% or less; 1% loss for every 1% index decline beyond 10%
Initial level:	4,250.56
Buffer level:	3,825.504, 90% of initial level
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 3, 2021
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17329QYL8

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