Citigroup to price buffer securities due 2020 tied to S&P 500 index

Chicago, March 11 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due May 4, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the index return is positive, the payout at maturity will be par plus 150% the index return, capped at par plus 10% to 12%. The exact cap will be determined at pricing.

Investors will receive par if the index is flat or falls by up to the buffer amount of 10% and will lose 1% for every 1% that the index declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17326YFW1) will price on March 29 and settle on April 3.

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