New Issue: Citigroup prices $290,000 annual reset coupon notes linked to Russell 2000

By Susanna Moon

Chicago, Aug. 3 – Citigroup Inc. priced $290,000 of annual reset coupon securities due Aug. 2, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 5% if the index return is zero or positive and 3% if the index return is negative. Interest is payable annually

The payout at maturity will be par unless the index finishes below the 85% buffer level, in which case investors will lose 1% for every 1% decline beyond 15%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Annual reset coupon securities
Underlying index:	Russell 2000
Amount:	$290,000
Maturity:	Aug. 2, 2021
Coupon:	5% if index return is zero or positive or 3% if index return is negative, payable annually
Price:	Par
Payout at maturity:	Par unless index falls by more than 15%, in which case 1% loss for every 1% decline beyond 15%
Initial level:	1,229.599
Buffer level:	1,045.159, 85% of initial level
Pricing date:	July 29
Settlement date:	July 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.45%
Cusip:	17298CCT3

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