New Issue: Citigroup sells $29.02 million index-linked notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 5 – Citigroup Global Markets Holdings Inc. priced $29.02 million of 0% index-linked notes due Aug. 5, 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 300% of any index gain, up to a maximum settlement amount of $1,131.10 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:	$29,016,000
Maturity:	Aug. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payment of $1,131.10 per $1,000 principal amount; full exposure to decline
Initial level:	2,964.33
Pricing date:	July 1
Settlement date:	July 9
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.09%
Cusip:	17327TAX4

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