New Issue: Citigroup prices $3.37 million of buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Citigroup Global Markets Holdings Inc. priced $3.37 million of 0% buffered notes due Oct. 22, 2018 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index return is positive, investors will receive par plus 200% of the return, capped at $1,168 per $1,000 of notes.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond the 10% buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$3,372,000
Maturity:	Oct. 22, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus 200% of return, capped at $1,168 per $1,000 of notes; par if the index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,271.72
Buffer level:	2,044.548, 90% of initial level
Pricing date:	Dec. 13
Settlement date:	Dec. 20
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.6%
Cusip:	17324CDD5

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