New Issue: Citigroup sells $503,000 geared buffer securities tied to S&P 500

By Kiku Steinfeld

Chicago, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $503,000 of 0% geared buffer securities due June 13, 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 2 times any index gain, capped at par plus 16%.

Investors will receive par if the index falls by up to 10% and will lose 1.111111% per 1% drop beyond 10%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Geared buffer securities
Underlying index:	S&P 500
Amount:	$503,000
Maturity:	June 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 16%; par if index declines by up to 10%; 1.111111% loss for every 1% index decline beyond 10%
Initial level:	4,170.70
Buffer level:	3,753.63, 90% of initial level
Pricing date:	March 8
Settlement date:	March 11
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17330AW57

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