New Issue: Citigroup prices $338,000 annual reset coupon notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., June 30 – Citigroup Inc. priced $338,000 of annual reset coupon securities due Sept. 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually. If the index return is zero or positive, the coupon will be 5%. If the index return is negative, the coupon will be 3%. The index's return will be measured from its level a year earlier.

The payout at maturity will be par unless the final index level is less than 85% of the initial index level, in which case investors will lose 1% for every 1% that the index declines beyond 15%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Annual reset coupon securities
Underlying index:	Russell 2000
Amount:	$338,000
Maturity:	Sept. 30, 2021
Coupon:	Interest is payable annually; if index return is zero or positive, coupon will be 5%; if index return is negative, coupon will be 3%; index's return is measured from its level a year earlier
Price:	Par
Payout at maturity:	Par unless final index level is less than buffer level, in which case 1% loss for every 1% that index declines beyond 15%
Initial index level:	1,090.570
Buffer level:	926.9845, 85% of initial level
Pricing date:	Sept. 28
Settlement date:	Sept. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.45%
Cusip:	17298CEC8

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