New Issue: Citigroup prices $1 million buffer securities due 2018 tied to S&P 500

By Devika Patel

Knoxville, Tenn., Nov. 7 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% buffer securities due Nov. 8, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum payout of $242.50 per $1,000 of notes. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Nov. 8, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, capped at $242.50 per $1,000 of notes; if final index level is equal to or less than initial index level by 15% or less, par; if final index level is less than initial index level by more than 15%, 1% loss for every 1% that index declines beyond 15%
Initial level:	2,088.66
Pricing date:	Nov. 3
Settlement date:	Nov. 8
Agent:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17324CCP9

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