New Issue: Citigroup prices $3.95 million buffer notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Dec. 30 – Citigroup Global Markets Holdings Inc. priced $3.95 million of 0% buffer securities due June 24, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 7.2%. If the final index level is less than the initial index level but greater than or equal to the buffer value, 85% of the initial index level, the payout will be par plus 8%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

The note are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	Russell 2000
Amount:	$3,954,000
Maturity:	June 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus index return, subject to maximum return of 7.2%; par plus 8% if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
Initial level:	1,667.094
Buffer value:	1,417.030, or 85% of initial level
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17327T4V5

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