New Issue: Citi prices $4.48 million contingent absolute return notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 11 – Citigroup Global Markets Holdings Inc. priced $4.48 million of 0% contingent absolute return market-linked notes due March 5, 2020 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.

A knock-out event will occur if the intra-day level of the index at any time on any trading during the life of the notes is less than the 82.9% downside knock-out level or greater than the 117.1% upside knock-out level.

If a knock-out event occurs, the payout at maturity will be par.

If a knock-out event does not occur, the payout will be par plus the absolute value of the index return.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent absolute return market-linked notes
Underlying index:	S&P 500
Amount:	$4,481,000
Maturity:	March 5, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the intra-day level of the index at any time on any trading during the life of the notes is less than the downside knock-out level or greater than the upside knock-out level, par; otherwise, par plus the absolute value of the index return
Initial level:	2,914.04
Upside knock-out level:	3,412.341, 117.1% of initial level
Downside knock-out level:	2,415.739, 82.9% of initial level
Pricing date:	Aug. 29
Settlement date:	Sept. 4
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17324CZN9

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