New Issue: Citigroup prices $2.6 million trigger PLUS linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 19 – Citigroup Inc. priced $2.6 million of 0% trigger Performance Leveraged Upside Securities due Nov. 18, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 150% of any index gain.

If the index falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$2,598,500
Maturity:	Nov. 18, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus 150% of return; if index falls by up to 25%, par; if index finishes below trigger level, full exposure to any losses
Initial level:	2,023.04
Trigger level:	1,517.28, 75% of initial level
Pricing date:	Nov. 13
Settlement date:	Nov. 18
Agent:	Citigroup Global Markets Inc.
Fees:	3.5%
Cusip:	17323P827

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