New Issue: Citigroup prices $1.13 million buffered index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $1.13 million of 0% buffered index-linked notes due Sept. 28, 2023 linked to the S&P 500 index, 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 index gain, up to a maximum settlement amount of $1,235.20 per $1,000 of notes.

Investors will receive par if the index falls by up to the 12.5% buffer and will lose 1.1429% for each 1% decline beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$1,133,000
Maturity:	Sept. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 140% of index return, subject to maximum payment of $1,235.20 per $1,000 principal amount; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline in index beyond 12.5%
Initial index level:	4,170.70
Pricing date:	March 8
Settlement date:	March 15
Underwriter:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17330AHK1

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