New Issue: Citi prices $4.27 million dual directional barrier notes on two indexes

By Wendy Van Sickle

Columbus, Ohio, June 12 – Citigroup Global Markets Holdings Inc. priced $4.27 million of 0% dual directional barrier securities due Dec. 14, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus any gain of the worse performing index, capped at 17.25%.

If the worse performing index falls by up to 20%, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will be fully exposed to the decline of the lesser performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Dual directional barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$4,274,000
Maturity:	Dec. 14, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain of worse performing index, capped at 17.25%; if worse performer falls by up to 20%, par plus absolute value of return of worse performer; otherwise, full exposure to loss of lesser performing index
Initial levels:	2,433.14 for S&P, 1,396.674 for Russell
Barrier levels:	1,946.512 for S&P, 1,117.339 for Russell, 80% of initial levels
Pricing date:	June 7
Settlement date:	June 14
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	17324CK88

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