New Issue: Citigroup prices $380,000 bearish upturn securities linked to S&P 500

By William Gullotti

Buffalo, N.Y., July 25 – Citigroup Global Markets Holdings Inc. priced $380,000 of 0% bearish upturn securities due July 25, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial level, investors will gain 3% for every 1% that the index declines, subject to a maximum return of par plus 87.21%.

Otherwise, investors will lose 1% for every 1% gain of the index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Bearish upturn securities
Underlying index:	S&P 500 index
Amount:	$380,000
Maturity:	July 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index declines, par plus 300% of the absolute value of the index return, capped at par plus 87.21%; otherwise, lose 1% for every 1% gain of the index
Initial index level:	4,565.72
Pricing date:	July 19
Settlement date:	July 24
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17291RHF2

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