New Issue: Citigroup prices $5 million buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 13 – Citigroup Inc. priced $5 million of 0% buffered notes due July 16, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,242.25 per $1,000 principal amount of notes. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$5,004,000
Maturity:	July 16, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial level, par plus 150% of index return, subject to maximum settlement amount of $1,242.25 per $1,000 principal amount of notes; par if index declines by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	2,064.46
Pricing date:	May 11
Settlement date:	May 18
Underwriter:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17298CEN4

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