New Issue: Citigroup prices $3.31 million buffered notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Nov. 20 – Citigroup Global Markets Holdings Inc. priced $3.31 million of 0% buffered index-linked notes due Dec. 17, 2020 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index closes above its initial level, the payout at maturity will be par plus 2 times the gain, up to a maximum payout of $1,098 per $1,000 of notes.

If the index finishes flat or falls by up to 10%, investors will receive par. Investors will lose 1.1111% for every 1% decline beyond 10% of its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered index-linked notes
Underlying index:	Russell 2000
Amount:	$3,309,000
Maturity:	Dec. 17, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above initial level, par plus 2 times gain, up to maximum settlement amount of $1,1098 per $1,000 of notes; if index finishes flat or falls by up to 10%, par; 1.1111% loss for every 1% decline beyond 10%
Initial index level:	1,596.454
Buffer level:	90% of initial level
Pricing date:	Nov. 15
Settlement date:	Nov. 22
Agent:	Citigroup Global Markets Inc.
Fees:	1.33%
Cusip:	17327TXG6

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