New Issue: Citigroup prices $1.12 million notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 8 – Citigroup Global Markets Holdings Inc. priced $1.12 million of 0% market-linked notes due Dec. 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 40%.

If the final index level is less than the initial index level, investors will lose 1% for every 1% that the index declines from its initial level, subject to a minimum payout of $950 per $1,000 principal amount of notes.

The note are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked notes
Underlying index:	S&P 500
Amount:	$1,118,000
Maturity:	Dec. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, subject to 40% maximum return; if final index level is less than initial index level, 1% loss for every 1% that index declines from initial level, subject to minimum payout of $950 per $1,000 principal amount of notes
Initial level:	2,917.38
Pricing date:	June 25
Settlement date:	June 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	4.125%
Cusip:	17326YFJ0

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