New Issue: Citigroup sells $3.51 million buffer securities on index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 13 – Citigroup Global Markets Holdings Inc. priced $3.51 million of 0% buffer securities due Jan. 31, 2020 linked to a basket containing the S&P 500 index with a 42% weight, the iShares MSCI EAFE exchange-traded fund with a 25% weight, the Russell 2000 index with an 18% weight and the iShares MSCI Emerging Markets ETF with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the basket return is positive, the payout at maturity will be par plus 150% of the basket gain, up to a maximum return of 13.75%. Investors will receive par if the basket falls by up to the 10% buffer and will lose 1% for every 1% that the basket declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Basket components:	S&P 500 index (42% weight), iShares MSCI EAFE ETF (25% weight), Russell 2000 index (18% weight) and iShares MSCI Emerging Markets ETF (15% weight)
Amount:	$3,509,000
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.5 times the gain, up to a 13.75% maximum gain; if basket falls by 10% or less, par; otherwise, 1% loss for every 1% decline beyond 10%
Initial values:	2,740.37 for S&P, $63.26 for EAFE ETF, 1,544.98 for Russell, $40.56 for EM ETF
Pricing date:	Nov. 1
Settlement date:	Nov. 6
Agent:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17326YBD7

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