New Issue: Citigroup prices $3.77 million buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 20 – Citigroup Global Markets Holdings Inc. priced $3.77 million of 0% buffered notes due March 19, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The note are guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,396 per $1,000 principal amount 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 10%.

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:	$3.77 million
Maturity:	March 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial level, par plus 200% of index return, subject to maximum settlement amount of $1,396 per $1,000 principal amount of notes; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,381.38
Pricing date:	March 16
Settlement date:	March 23
Underwriter:	Citigroup Global Markets Inc.
Fees:	4.27%
Cusip:	17324CGF7

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