New Issue: Citigroup prices $847,000 annual reset coupon securities linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – Citigroup Global Markets Holdings Inc. priced $847,000 of annual reset coupon securities due Nov. 1, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable annually. If the index return is zero or positive, the coupon for that year will be 4%. If the index return is negative, the coupon will be 3%. The index return will be the percentage change in the index level compared to a year earlier.

The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for each 1% decline beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Annual reset coupon securities
Underlying index:	Russell 2000
Amount:	$847,000
Maturity:	Nov. 1, 2021
Coupon:	If index return is zero or positive, 4%; if index return is negative, 3%; index return measured compared to year earlier; payable annually
Price:	Par
Payout at maturity:	Par unless index finishes below buffer level, in which case 1% loss for each 1% decline beyond 15%
Initial index level:	1,204.749
Buffer level:	1,024.037, 85% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.75%
Cusip:	17324CBS4

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