New Issue: Citi prices $3.35 million index-linked notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., April 26 – Citigroup Global Markets Holdings Inc. priced $3.35 million of 0% index-linked notes due Oct. 28, 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.

The payout at maturity will be par plus 400% of any index gain, up to a maximum settlement amount of $1,160 per $1,000 of notes.

Investors will lose 1% for each 1% index decline.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$3,352,000
Maturity:	Oct. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 400% of index return, subject to maximum payment of $1,160 per $1,000 principal amount; full exposure to decline
Initial level:	2,927.25
Pricing date:	April 24
Settlement date:	May 1
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.67%
Cusip:	17326YBL9

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