New Issue: Citi sells $3.04 million 7.35% equity-linked notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 27 – Citigroup Global Markets Holdings Inc. priced $3.04 million of 7.35% equity-linked securities due Aug. 22, 2019 tied to the worst performing of 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.

Interest is payable monthly.

If the notes are not called and the final level of each index is at least 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the loss of the worst-performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	S&P 500, Russell 2000
Amount:	$3,035,000
Maturity:	Aug. 22, 2019
Coupon:	7.35%, payable monthly
Price:	Par
Payout at maturity:	Par if each asset’s final level equal to its initial level or no asset has closed below 70% of initial level during life of notes; otherwise, full exposure to loss of worst-performing asset
Initial levels:	2,690.73 for S&P, 1,496.541 for Russell
Downside thresholds:	1883.511 for S&P, 1,047.579 for Russell, 70% of initial levels
Pricing date:	Nov. 19
Settlement date:	Nov. 23
Agent:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17326YKY1

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