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Published on 11/14/2019 in the Prospect News Structured Products Daily.

New Issue: Citi sells $2.86 million buffered jump securities on Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, Nov. 14 – Citigroup Global Markets Holdings Inc. priced $2.86 million of 0% buffered jump securities due May 10, 2022 linked to the Euro Stoxx 50 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 or flat, the payout at maturity will be par plus 27%. If the index declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered jump securities
Underlying index:Euro Stoxx 50
Amount:$2,862,800
Maturity:May 10, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:If the index return is positive or flat, par plus 27%; if the index declines by 10% or less, par; otherwise, 1% loss for every 1% index decline beyond 10%
Initial level:3,676.52
Pricing date:Nov. 5
Settlement date:Nov. 8
Agent:Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
Fees:2.5%
Cusip:17327P708

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