New Issue: Citi prices $3.55 million buffered index-linked notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., July 23 – Citigroup Global Markets Holdings Inc. priced $3.55 million of 0% buffered index-linked notes due March 26, 2021 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 150% of any index gain, up to a maximum settlement amount of $1,175.50 per $1,000 of notes.

Investors will receive par if the index finishes flat or falls by up to 12.5% and lose 1.1429% for each 1% index decline beyond the 12.5% buffer.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$3,554,000
Maturity:	March 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to maximum payment of $1,175.50 per $1,000 principal amount; par if index falls by up to 12.5%; 1.1429% loss per 1% decline beyond 12.5%
Initial level:	2,976.61
Pricing date:	July 19
Settlement date:	July 26
Underwriter:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17327TQZ2

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