New Issue: Citi sells $500,000 dual directional market-linked notes on Nasdaq-100

By Sarah Lizee

Olympia, Wash., March 1 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% dual directional market-linked notes due March 4, 2020 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

A knock-out event will occur if the index ever closes above 114% of its initial level or below 86% of its initial level on any trading day during the life of the notes.

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:	Dual directional market-linked notes
Underlying index:	Nasdaq-100
Amount:	$500,000
Maturity:	March 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or declines by more than 14% during life of notes, par; otherwise, par plus the absolute value of the index return
Initial level:	7,115.426
Upside knock-out level:	8,111.586, 114% of initial level
Downside knock-out level:	6,119.266, 86% of initial level
Pricing date:	Feb. 26
Settlement date:	March 5
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.8%
Cusip:	17326YVQ6

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